Product Type: Market Research Report
Published by: TowerGroup
Published: April 2008
Product Code: R301-1447Description As of February 2008, net assets in US mutual funds were $11.742 trillion (USD). The size of this market makes the technology that tracks the ownership of fund shares critical. This Research Note presents TowerGroup's assessment of core recordkeeping technology for US open-end mutual funds. Vendors offer various peripheral products, which offer business process management tools, shareholder account access, intermediary account access, and sales reporting capabilities. Therefore, this Note also highlights the strategies the vendors are pursuing to strengthen their support of the servicing relationship between fund companies and intermediaries.
Table of Contents - Report Coverage
- Background
- Exhibit 1 US Transfer Agency Functionality: Core Recordkeeping and Peripheral Tools (2008)
- Exhibit 2 US Mutual Funds: Net Assets and Number of Shareholder Accounts (1970-2007)
- What Is Driving Transfer Agency Technology?
- Transfer Agency Technology Providers
- Exhibit 3 Market Share of Transfer Agency Recordkeeping Systems for US Open-End Mutual Funds (2008)
- DST Systems: TA2000
- Exhibit 4 Transfer Agency System Profile: DST Systems TA2000 (2008)
- Envision Financial Systems: PowerAgent
- Exhibit 5 Transfer Agency System Profile: Envision Financial Systems PowerAgent (2008)
- Linedata Services: MShare
- Exhibit 6 Transfer Agency System Profile: Linedata Services MShare (2008)
- PFPC: Global Enterprise Platform
- Exhibit 7 Transfer Agency System Profile: PFPC Global Enterprise Platform (GEP) (2008)
- SunGard: Investar*ONE
- Exhibit 8 Transfer Agency System Profile: SunGard Investar*ONE (2008)
- Summary
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