Funds/net
FUNDS/NET is a cost-effective and flexible mutual fund transfer agent and shareholder record keeping software and offers the perfect balance of control and compliance to service all of your funds and shareholders very efficiently.
Learn more about FUNDS/NET
FEATURES
ACCOUNTS
Customer data layer across accounts
Ability to handle any account type (qualified and non-qualified)
Tracks all financial data- balance, value, cost basis, YTD/ITD transactions
Unlimited Transaction History
Full multi-currency support
Automatic Transactions: AIP’s, SWP’s
Multiple payment options: check, ACH, wire
Shareholder statements: multi-fund, multi-lingual, e-statements
TRANSACTIONS
Supports every transaction type
Same day trades, future settlement and As Of’s
Multiple purchase sources and payment methods supported
No Post “What If” trade scenarios
Full NSCC FundSERV services supported
Full Canadian FundSERV services supported
Trade File Import capability
Multi-currency trading enabled
FUNDS
Supports multiple fund groups (third party transfer agent)
Processes any type of investment fund: load, no load, CDSC, money market, hedge fund,UIT, collective, common trust, closed end, insurance stable value products
Supports all commission types: loads, trailer, performance fees, negotiable
Distributions: dividends, income, capital gains, return of capital
Fund transaction rules
Full Multi-currency support
Import, enter or calculate fund prices/rates
DEALERS/REPS
Assigns Dealers and Reps to accounts
Fund/Dealer selling agreements
Tracks, reports and pays Dealer/Rep commissions
Supports NSCC Commission Settlement service
Multiple Dealer payment options: check, ACH, wire
Ability to import Dealer/Rep data
Dealer/Rep sales and commission reports
Dealer statements
Account position reconciliation
INTEGRATION
Ease of integration with Rest API’s, XML messages or text files
COMPLIANCE AND TAX
Short term redemption fees
Cost Basis tracking and reporting
FACTA reporting
Money market “breaking the buck”
22c-2 omnibus account reporting through NSCC
Full IRS tax reporting with magnetic media files
Revenue Canada tax reporting
Revenue Australia tax reporting
Revenue Barbados tax reporting
REPORTING
Over 100 standard reports that can be created on demand
Built-in ad hoc report writer with ability to save report templates and schedule their execution
All reports can be browsed on the screen, printed, or a file can be produced in various formats, including tab-delimited and PDF.
WEB PORTAL: FUNDS/e
A browser-based web portal providing Internet access for shareholders, reps, brokers and fund administrators
Account registration data, pending transactions, transaction history, balances
Fund data; prices, factors, yields, rate of return
E-Statements- for shareholders
Transactions- online purchases, redemptions and exchanges