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Is Someone Stealing Customer Accounts? What the Move to Omnibus Means for US Mutual FundsProduct Type: Market Research ReportPublished by: TowerGroup Published: June 2003 Product Code: R301-0349 Description 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.Table of Contents VisionBackground What Is an Omnibus Account? NSCC-Networked and Omnibus Explained A Migration to Omnibus Involves More Than Client Servicing How Does the Move to Omnibus Impact Fund Costs? Issues Vendor Subaccounting Platform Solutions Conclusion |
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