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Automating direct at Fund Business with FundKeeper

FundKeeper
Bring your mutual fund accounts home.

The FundKeeper technology lets broker-dealers “bring home” accounts currently held directly with mutual fund families...while maintaining the simplicity that advisors and investors like about "going direct".

  • FundKeeper consolidates all your clients disparate mutual fund positions in one place.
  • Investors and advisors have a single portal to open accounts, perform account maintain and transact in accounts across all fund companies.
  • Investors receive a single statement and tax form across all their holdings.

FundKeeper is NOT traditional brokerage system. When combined with your trade clearing, and IRA custodial solutions, it solves the compliance and consolidation problems of direct-at-fund accounts.

Attract and retain reps...while getting away from direct

FundKeeper gives reps a comfortable, straightforward experience that maintains what they tend to like most about “going direct.” For example, there are no “nuisance fees” that reps have to explain if they are forced to migrate to traditional brokerage. Also, reps benefit from streamlined processing that eliminates cumbersome paperwork.

Achieve consistent oversight & compliance

In theory, you can solve this problem using traditional brokerage. But firms have tried and failed because of the unnecessary complexity and cost that brokerage brings to the mutual fund investor, which can cause reps to resist and customers to leave. FundKeeper technology can provide the control and transparency you need in a straightforward way that doesn’t layer on what isn’t needed.

Stop paying for tech and ops you shouldn't need

Working directly with multiple fund companies creates unnecessary data integrity and reconciliation challenges. The back office spends time trying to update and correct information at the funds–not to mention the pains of aggregating data from multiple fund families. Moving direct-held investments onto the FundKeeper technology removes the cost of aggregating client and rep data and provides a “gold” source of data to operate from.

The Solution

The FundKeeper Basics

FundKeeper helps solve some of the front, middle and back-office issues direct-at-mutual fund investing create. FundKeeper is a mutual fund subaccounting technology platform that when combined with your clearing and IRA custodial services creates single platform to:

  • Execute on new accounts
  • Help perform holistic suitability and compliance
  • Calculate commissions and level loads
  • Provide internet web access, statements and other investor documents all mutual fund investments
  • Use omnibus accounts at the fund to eliminate multiple contacts points and multiple data file
FundKeeper

Add-On Software Modules

Business Process Automation

A tightly integrated imaging and workflow system helps automate your back-office operations. The system captures and shares documents and data electronically through client defined workflow processes allowing for meaningful operational efficiencies and cost benefits. The system captures images and files from:

  • Batch run jobs
  • Scan/Capture
  • Fax
  • Email
  • Voice response systems
  • Web

It contains a real-time dashboard to monitor work in progress and quality.

SUPPORT FOR

In-House Investment Firm Transfer Agents
Third-Party Transfer Agents
Broker-Dealers
529 Administrators
Alternative Investment Sponsors
Investor & Rep Digital Interfaces

The internet interface is a fully integrated, device responsive investor and advisor internet portals. The internet portal has been independently verified to meet the WCAG 2.1 Level AA standards.

Shareholders & Reps have access to account information including transactions, distributions and valuations. Account maintenance and transaction processing permissions can be given if desired. The information access and activities undertaken online is in real-time and immediately synchronized with the core system. 

Investor communication such as account statements and tax forms can be made available for online viewing, printing or archiving.

The portal can be branded for the investment sponsor or financial intermediary firm and can be deployed so users stay within a company’s own web domain.

SUPPORT FOR

In-House Investment Firm Transfer Agents
Third-Party Transfer Agents
Broker-Dealers
529 Administrators
Alternative Investment Sponsors
Bank Reconciliation System

The cash reconciliation system automates the management of the money movement calculations and reconciliation process to minimize the time and cost spent on the daily cash reconciliation process.

SUPPORT FOR

Investment Firms & Transfer Agents
Broker-Dealers
529 Administrators
Alternative Investment Sponsors
Application Programming Interfaces (APIs)

We offer a wide selection of over 175 APIs allowing external development to facilitate real-time inquiries and transaction processing from any surrounding system such as websites, voice response units or customer relationship management systems.

The API tool kit provides full control over the application development environment. 

SUPPORT FOR

In-House Investment Firm Transfer Agents
Third-Party Transfer Agents
Broker-Dealers
529 Administrators
Alternative Investment Sponsors
Real-Time Cash Availability

The real-time cash module provides portfolio managers a real-time dashboard of funds-available cash so they can match the fund performance to the index being tracked.

The module provides an accurate view of projected cash  flows with real-time  accounting of pending purchases, redemptions and exchanges using all of the trade information from sources including NSCC, file transmissions, phone calls, web trades, faxes, etc.

SUPPORT FOR

Investment Firms & Transfer Agents
Investor Correspondence

The system makes it easy to create and generate customized investor and advisor outbound communications. Information residing within the recordkeeping system is available for use in communication pieces. The system comes with standard letter templates for capital call notices, tender offer letters, and investor statements & confirms.

SUPPORT FOR

Investment Firms & Transfer Agents
529 Administrators
Alternative Investment Sponsors
Investment Types Supported
Mutual Funds

The Investor Management Suite supports all known mutual fund share classes including classes with:

  • No load
  • Front-end load
  • CDSC
  • Advanced commission
  • Fixed term
  • Daily accruals
  • Trailer payments
  • Revenue sharing
  • Redemption fees may be added to all fund types as needed
  • Jumbo purchases

SUPPORT FOR

In-house Investment Firm Transfer Agents
Third-Party Transfer Agents
Broker Dealers
529 Administrators
Alternative Investment Sponsors
Asset Allocation Models

The system can support an unlimited number of asset allocation models. The models can rebalance automatically based on set frequencies, drift from target allocation or manually, at any time.

SUPPORT FOR

In-House Investment Firm Transfer Agents
Third-Party Transfer Agents
Broker Dealers
529 Administrators
Alternative Investment Sponsors

Want to learn more?

Contact Us
Contact
Phone: (714) 247-0030
Fax: (714) 247-0029
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