KANSAS CITY, Mo., June 29, 2016 /PRNewswire/ -- DST Systems (NYSE: DST), a leading global technology, strategic advisory, and operations outsourcing company, today announced a flexible, comprehensive approach to assisting financial services firms with the DOL Conflict of Interest or Fiduciary Rule (the "Rule"). Capabilities across DST's Brokerage, Distribution, Retirement, and Fund, Advisor and Investor Solutions businesses contribute to the enterprise's holistic set of solutions, helping their clients to better prepare for changes under the new regulation.
"Various service providers are planning to offer point solutions in response to the DOL ruling. DST is one of the few leading companies that can provide strategy along with a comprehensive set of customized solutions that can help address the full range of client needs," said Vercie Lark, Executive Vice President of DST Financial Services.
DST's approach to helping clients comply with the DOL Rule brings together input from a broad range of industry experts and clients to create an integrated solution. DST offers products and services across strategic advice, solution design and consulting, and business process operations that assists clients with:
- Meeting fiduciary obligations;
- Migrating accounts from one product offering or share class to another;
- Level compensation and commission structures;
- Educating investors and participants;
- Electronic delivery and archival of information;
- Developing strategies to address distributor relationships, as well as digital and marketing alignment; and
- Conducting reviews of organizational structure, operations, process and product, and sales training.
Mr. Lark continued, "Many financial firms are still assessing the impact of DOL on their strategy and business models. DST is prepared to work with firms to help them build and deliver solutions in response to DOL rule changes."
The Company added that any Rule that cuts across an entire industry cannot be solved using a "one-size-fits-all" approach; financial services firms need to make decisions based on their own firm's approach to fees, product offerings, distribution model, customer types and long-term strategy. Because of DST's experience across asset management, asset management servicing, brokerage, distribution and retirement industries, the firm is uniquely positioned to offer product solutions and consultancy capabilities. DST is ready to assist firms in analyzing their specific needs and strategies.
For more information about DST and its wide range of solutions, please contact Kelle Reno at firstname.lastname@example.org.
DST Systems, Inc. is a leading provider of specialized technology, strategic advisory, and business operations outsourcing to the financial and healthcare industries. Combining unmatched industry knowledge, critical infrastructure and service excellence, DST helps companies master complexity in the world's most demanding industries to ensure they continually stay ahead of and capitalize on ever-changing customer, business and regulatory requirements. For more information, visit the DST website at www.dstsystems.com.
Laura M. Parsons
DST Global Public Relations
+1 816 843 9087
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SOURCE DST Systems