Funds/net

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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.

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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

learn more about FUNDS/NET