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Home  > Business/Finance  >  Financial Services  >  Fund Management

Is Someone Stealing Customer Accounts? What the Move to Omnibus Means for US Mutual Funds

Published Date: June 2003
Published By: TowerGroup
Page Count: 12
Order Code: R301-0349
 
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An omnibus account is in simple terms an account in which the registered owner is not the same as the beneficial owner and represents the aggregated assets of multiple beneficial owners. Typically the account registration represents the trust, broker / dealer or bank acting on behalf of a number of beneficial owners on a non-disclosed basis.
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