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Products June 10, 2003
Mid Atlantic Rolls Out FundStream to TPAs
October 30, 2001(PLANSPONSOR.com) - Mid Atlantic
Institutional Shares has recently rolled out FundStream, an
automated mutual fund trading link, to TPAs, record keepers
and bank trust departments.
Reported by Camilla Klein
FundStream centralizes and automates the execution and settlement of mutual fund transactions by transmitting confirmations, share positions, price and dividend information directly to various record keeping or trust accounting systems.
The product also opens up new revenue sharing opportunities to Mid Atlantic clients through the sub-transfer agency and shareholder servicing arrangements that Fundstream has with its fund partners.
FundStream also boasts an automated self-directed brokerage module, called 401(k) My Way, which integrates with a range of record keeping and trust accounting systems.