is developing a breakpoint information center for its Vision
service. The Kansas City-based back office provider expects the new service to go live in August. DST creating the service in response to industry demand in wake of recent regulatory scrutiny of breakpoint recognition practices. The center will be accessible to both advisors and fund back-offices.
DST officials said that Vision
has offered breakpoint information to advisors, including discount categories and breakpoints at the fund level since its launch in 1998. It also offers rights of accumulation (ROA) information, with links to all accounts tied to that ROA agreement at the account level.
The firm said the center will feature downloadable breakpoint schedules, as well as ROA and letter of intent (LOI) policy information, and that it will be integrated with its Vision
suite of existing management company and fund-specific breakpoint tools. It will also provide access to compliance documentation such as prospectuses and statements of additional information.
"Financial intermediaries using Vision
will be able to quickly access breakpoint information for their customers while they complete online transactions," said Kyle Mallot, client services officer in charge of Vision
. "For back-offices, the ability to download breakpoint schedules will streamline compliance obligations."
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