Phoenix American Financial Services Looks Back on Long List of Accomplishments on 40th Anniversary

SAN RAFAEL, Calif., Feb. 21, 2013 /PRNewswire/ -- Phoenix American Financial Services (PAFS) today announced its year in review for 2012. The company's 40th anniversary year saw the expansion and diversification of its client base, the enhancement of its technical capabilities and growth in its product and service offering.

Phoenix American expanded the capabilities of the company's web-based STAR-XMS transfer agent system to process daily net asset values. Daily NAV processing responds to the increasing trend in alternative investment funds toward greater transparency through daily changes in share value. STAR-XMS also manages funds with multiple share classes and is scalable for the needs of any fund from new entrants to the leading funds of the direct investment industry. The new capabilities of STAR-XMS make Phoenix American the most advanced fund administration option for commodities futures pools and business development companies that have daily NAVs.

For this expanded field of prospective clients Phoenix American has established a strategic partnership with BNP Paribas, the global powerhouse in retail, corporate and investment banking. The partnership will meet the shareholder management needs of the growing managed futures fund industry which has emerged in recent years as an important alternative investment option for investors aiming to hedge against the volatility of stocks, bonds and real estate. For funds offering daily NAVs, BNP Paribas provides fund accounting and daily NAV calculation while Phoenix American provides full fund administration, including daily NAV processing as well as the full range of back office outsourcing and tax preparation services. A growing list of leading commodity pool operators are benefiting from the Phoenix American/BNP Paribas partnership.

Phoenix American's commitment to the Alternative Investment Products (AIP) platform continued in 2012 with ongoing testing with the Depository Trust and Clearing Corporation (DTCC) and the major broker dealers in the direct investment industry. As AIP develops as the industry standard marketplace for direct investment products, Phoenix American clients will benefit from the company's insight and experience at the leading edge of its development and enjoy complete access to AIP as it is implemented. Phoenix American's commitment to AIP reflects the company's passion for innovative solutions that enhance client profitability.

The Printing & Fulfillment capabilities of the company have been expanded to serve new client fund companies and to provide a greater array of printing services. Phoenix clients enjoy full color customized printing and mailing of statements, checks, Account Executive reports, prospectus, proxies,  tax documents and marketing materials through secure in-house facilities integrated with the STAR-XMS system for unparalleled reliability and compliance.

In 2012, Phoenix American also added to its offering for new and existing clients with Electronic Document Delivery. Going forward, fund companies and their investors will have the option of electronic delivery of statements, ACH advise, client communications and marketing materials via secure password-protected email attachment. Electronic Document Delivery is an investor/advisor opt-in service that includes tracking and reporting capabilities for delivery confirmation and targeted marketing.

About Phoenix American

Phoenix American Financial Services (PAFS) provides transfer agent services, fund administration, back office outsourcing and sales and marketing reporting services to companies in the alternative investment and mutual fund industries. The PAFS aircraft group provides administration and accounting services for securitized funds specializing in commercial aircraft. The company is a subsidiary of Phoenix American Incorporated along with Phoenix American SalesFocus Solutions, providers of the cloud-based MARS CRM, Sales and Marketing reporting and compliance management solutions for banks, insurance companies, asset management firms and other financial service organizations. Phoenix American Incorporated was founded in 1972 and is headquartered in San Rafael, CA.

Phil Owen
866-895-5050 ext. 4632


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SOURCE Phoenix American Financial Services


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