Envision Financial Systems and U.S. Bank Global Fund Services have collaborated to offer an alternative to provide broker-dealers and other financial intermediaries with a new solution that solves common problems with managing mutual-fund-only investor accounts:
FundKeeper is a shareholder servicing and recordkeeping platform that integrates with intermediaries’ existing software. FundKeeper provides comprehensive, centralized account management—with the potential to change shareholder servicing from a cost center into a new revenue stream.
Essentially, Fund Keeper consolidates existing direct-at-fund accounts onto a single platform, which is branded for the broker-dealer. In this way, FundKeeper enables the broker-dealer to execute on new accounts, suitability and compliance, commissions, level load, web access, statements and more—in a single, automated way across all fund families. FundKeeper leverages omnibus......