MutualFundWire.com: Back-Office Provider IFS Outsources

MutualFundWire.com

The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication

Friday, July 13, 2001

Back-Office Provider IFS Outsources

Integrated Fund Services is outsourcing its technology to SunGard's Investar*ONE system. The firm expects the move to open it up to growth and allow it to provide state-of-the-art technology to fund firm clients. Until now, the back-office specialist had used homegrown technology for its shareholder services work. It provides services to 17 fund families.

The firm expects to complete the conversion of existing shareholder accounts by November of this year. Based in Cincinnati, Integrated is a Western-Southern Life Insurance Enterprise owned company.

Scott A. Englehart, Integrated's president, explained that the SunGard platform will enable Integrated to provide enhanced features and functionality to its client base. "All mutual fund companies regardless of size demand access to the latest technology available to the mutual fund industry. Investar*ONE allows Integrated to provide this technology to our current and future clients at competitive prices," he said.

"We have very aggressive growth goals and we believe Investar*One will help differentiate us from many of the other third party mutual fund servicing companies," said Roy E. Rogers, vice president of client development. "With increased financial pressures on fund companies due to the recent market down-turn and the increasing number of fund family mergers, we believe more and more fund companies will begin to outsource their services. We want to be strategically positioned to provide state-of -the art technology, services and solutions for our clients."

Related Stories