Phoenix Transfer Announces Enthusiastic Reception for Their Electronic Subscription System

SAN RAFAEL, Calif., March 21, 2011 /PRNewswire/ -- Phoenix Transfer, Inc. announced rave reviews among the broker/dealer community for their new electronic subscription system. Using Electronic Subscription, a feature of Phoenix's new STAR 2010-XMS system, financial advisors and investors jointly submit new investments, transfers, redemptions and account maintenance directly to Phoenix Transfer by way of the STAR 2010-XMS web portal. "This is exactly what we have been looking for," was a typical comment from one broker/dealer.

The STAR 2010-XMS system was designed to streamline and supercharge all aspects of the transfer agent function. STAR's Electronic Subscription process uses the standard forms of the sponsor organization custom rendered as an interactive PDF. Straightforward data fields and drop-down menus make the forms simple for the advisor to fill out and print with automatic alerts preventing many common errors. With a click, the form is submitted directly to the sponsor's account team at Phoenix Transfer via the STAR 2010-XMS secure web portal. There the form is immediately processed. Clients who use Phoenix Electronic Subscription are able to:

• Consummate transactions immediately while the investor is in the advisor's office
• Avoid errors, misspellings and omissions with intelligent interactive forms
• Establish direct media contact between advisors and Phoenix Transfer thereby reducing the lag-time associated with issue resolution items
• Reduce turnaround time by 48 hours, accelerating investment admit date and commission compensation date
• Retain online copies of all transaction records
• Streamline and simplify compliance

Electronic Subscription greatly increases the overall efficiency, accuracy and reliability of the investor subscription process. Completed forms are savable to the advisor's computer hard drive, reducing reliance on paper archives, and are easily searchable in the STAR 2010-XMS system. Tony Olivo, Senior Account Manager at Phoenix Transfer, said that STAR 2010-XMS clients are "taking full advantage of today's technological advances by adopting Electronic Subscription. Their forward-thinking embrace of this innovative system is already showing results in their bottom line."

ABOUT PHOENIX TRANSFER

Phoenix Transfer, a subsidiary of Phoenix American, Inc., established in 1972, provides transfer agent services as well as sales and marketing reporting services to companies in the alternative investment and mutual fund industries. In addition, Phoenix American provides full-service corporate accounting and tax services to companies specializing in financial services and securitization. Phoenix is also a premier provider of aircraft securitization administrative services.

Contact: Sandy Fujii, 415-223-1730, [email protected] or visit http://www.pafsi.com

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SOURCE Phoenix Transfer, Inc.