Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Trust Info Made Easy Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, November 19, 1999

Trust Info Made Easy

Reported by Tony Pennino

Chicago, Illinois-headquartered Business Logic has launched a new information solution called Net-Trust. Net-Trust is intended to be a single integrated information delivery vehicle encompassing trust and custody, investment management, accounting and reporting.
Related Links
Business Logic Corp.
With Net-Trust, trust customers, portfolio managers and trust officers can access and analyze account data via the Internet.

"Net-Trust is designed to be a tool to increase portfolio managers' and other professionals' productivity. We are trying to make the system more efficient. Portfolio managers, trust officers, those in administration can access all the data that is available in the system. They also can drill down to payment frequency, the name of the broker, and the commissions earned," Mike Blake, product manager at Business Logic, told the MutualFundWire.com.

Net-Trust is designed to support the needs of individual as well as institutional clients. Blake reported that the system could be customized according to the needs of the individual accessing the system.

Business Logic also reports that Net-Trust is designed with open architecture so that it can easily integrate with other Business Logic platforms as well as other recordkeeping systems from other firms.

The firm states that the system has the following reporting capabilities:

    asset allocation
    holdings
    transactions
    tax-lot reporting
    pending transactions
    cash management and forecasting
    and performance analysis

Business Logic is currently beta testing the system with Mercantile-Safe Trust Company of Baltimore, Maryland.

"With Net-Trust, we are taking non-dynamic data and actually making it organic to manipulate and analyze it. This service is an incredible step forward for the financial services industry," Tom Small, director/vice president of technology at Mercantile, told the MutualFundWire.com.

"This is the product that we believe that will provide the most complete information so that we can make better decisions for our clients," he continued. "The power of the Web allows us to integrate data onto a single browser format. You have individuals at firms like ours who can now make better decisions for our clients. To provide enhanced services to our customers. Net-Trust allows us to do just that." 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use