KANSAS CITY, Mo., March 4, 2014 /PRNewswire/ -- DST Systems, Inc., the world's leading provider of servicing solutions to the asset management, brokerage, retirement, and healthcare markets, today announced enhancements to its DST Vision HomeOffice™ web site that will improve the speed and efficiency of back-office operations.
Powered by DST Sales Connect™, Vision HomeOffice's new functionality will enable financial intermediaries to effect advisor changes across 100-plus product companies with a single transaction. Vision HomeOffice is used by more than 3,000 broker-dealer and trust companies, and nearly 400 product companies, including mutual funds, variable annuities, and REITs, participate in DST's Vision HomeOffice and Vision platforms.
According to Kelle Hennier, director of Home Office relations for DST Systems, the new functionality will allow product companies to better allocate their resources and utilize sales and marketing dollars more effectively.
"The industry has spent an inordinate amount of time manually attempting to synchronize broker-dealer, branch, and advisor movements for years," says Hennier. "It's an error-prone process that often results in inaccurate data. We're confident Vision HomeOffice's new features will dramatically improve the integrity of advisor data across the industry."
Already the most widely used web-based account aggregation source for financial intermediaries, DST has enhanced the Vision HomeOffice solution to deliver even further improved operational efficiencies for dealer, branch, and representative management.
"These enhancements represent a perfectly logical solution to one of the industry's long-standing problems," says Courtney Waller, senior manager of Mutual Funds Operations at Raymond James. "DST's single portal is an efficient and effective way to update multiple product companies in a simple transaction."
Relying on DST's Universal Dealer Database, SalesConnect combines sales reporting and client relationship management software with a trade resolution and data management service to ensure that accurate and timely data is available to participating fund families. With a focus on providing asset managers with business-critical information on financial intermediaries, SalesConnect is recognized as the industry's smartest way to track financial advisors, sales flows, and assets under management.
More information on DST SalesConnect and DST Vision HomeOffice is available at www.dstsystems.com/solutions/asset-management.
About DST Systems
DST Systems, Inc. is a leading provider of information processing and servicing solutions to companies around the world. The largest provider of third-party shareholder recordkeeping services to the mutual fund industry, DST through its global enterprise also delivers strategically unified business, communications, and process management solutions to the asset management, brokerage, retirement, and healthcare markets. Headquartered in Kansas City, MO., DST is a publicly-traded company on the New York Stock Exchange. For more information, visit www.dstsystems.com.
SOURCE DST Systems, Inc.