Longleaf Partners Funds
has signed on with mutual fund service provider PFPC
. The move to the new vendor replaces NFDS. Since switching from NFDS, Longleaf has added e-commerce capability in account balance look-up and internet transactions for its fund shareholders.
For PFPC the new contract adds 27,000 shareholder accounts to the more than 41 million accounts it already services.
"Longleaf Partners Funds recognized PFPC's ability to provide superior services linked with innovative technological solutions to help us maximize service to our shareholder partners," said Julie Douglas,
executive vice president at Longleaf.
As for expansion of the company's e-commerce offerings in response to the interest shared by the mutual fund industry, Douglas cautiously adds, "We continue to evaluate those services as we go down the road."
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