| BNY Mellon | DST | Envision Financial | ||
| MAJOR SERVICE FEATURES | ||||
| Document management and retrieval facilities | ||||
| Electronic document imaging | U | A | U | |
| Document & data on single screen | U | A | U | |
| Automated document distribution | U | A | U | |
| Character recognition | U | A | U | |
| Instant hard copy output of images | U | A | U | |
| Automatic faxing of images | U | A | U | |
| Operational dashboard/control center | U | A | U | |
| Financial control | ||||
| Real-time updates to transactions | U | U | U | |
| Trade or settlement date reconciliation | U | U | U | |
| Cost basis accounting/ performance | ||||
| Cost basis reporting | U | A | U | |
| Individual performance results | U | A | U | |
| Account statements | ||||
| Integrated across multiple services | U | A | U | |
| SYSTEM CAPABILITIES SALES | ||||
| Direct sales | ||||
| Hold funds for check to clear | U | A | U | |
| Override load level | U | U | U | |
| Override minimum | U | U | U | |
| Automatically calculate ROA | U | U | U | |
| Access to orders by | ||||
| Dealer's name | U | U | U | |
| Dealer's branch designation | U | U | U | |
| Rep number | U | U | U | |
| Dealer confirmation number | U | U | U | |
| NSCC control number | U | U | U | |
| History of orders for | ||||
| Two weeks | U | U | U | |
| 30 days | U | U | U | |
| 90 days | U | U | U | |
| Unlimited | U | A | U | |
| Letters of Intent (LOI) | ||||
| On-line access to LOI | U | U | U | |
| Automatic warning reports | U | U | U | |
| System-generated letters | U | A | U | |
| Escrow automatically calculated | U | U | U | |
| Escrow automatically released | U | U | U | |
| Purchase pick up for back-dated LOI | U | U | U | |
| Multiple accounts and funds | U | U | U | |
| Rights of accumulation | ||||
| Link multiple accounts and funds | U | U | U | |
| On-line display of ROA value/level | U | U | U | |
| Contingent deferred sales charge | ||||
| Aging of purchases | U | U | U | |
| Apply liquidation to oldest shares | U | U | U | |
| Calculate appreciation | U | U | U | |
| Track exchanges | U | U | U | |
| Commission statements | ||||
| Paper | U | A | U | |
| Computer tape | A | A | N | |
| Transmission | N | U | U | |
| NSCC Commission System | U | U | U | |
| Trail commissions | U | U | U | |
| Commission information on-line | ||||
| By dealer | U | U | U | |
| By branch | U | U | U | |
| By rep | U | U | U | |
| Calculate trail commissions | ||||
| Based on "record date" | U | U | N | |
| Average daily balance | U | U | U | |
| Bonus rates by fund | A | U | U | |
| Tiered rates by asset size | A | U | U | |
| SYSTEM CAPABILITIES: ASSET ALLOCATION | ||||
| Based on multiple plans | U | A | U | |
| Across multiple accounts | U | A | U | |
| Re-balance feature | U | A | U | |
| SYSTEM CAPABILITIES: DIVIDENDS | ||||
| Overlapping record/pay dates for | ||||
| Dividend | U | U | U | |
| Short-term gain | U | U | U | |
| Mid-term gain | U | U | A | |
| Long-term gain | U | U | U | |
| Stock split/stock dividend | U | U | U | |
| Return of capital | U | U | U | |
| Daily accruals separately for | ||||
| Dividends | U | U | U | |
| Short-term capital gains | U | U | N | |
| Long-term capital gains | U | U | N | |
| Interest | U | U | U | |
| Process offering price dividend and | ||||
| Auto-calculate ROA discounts | A | U | U | |
| Auto-calculate LOI discounts | A | U | U | |
| Auto-pay commissions to dealers | A | U | U | |
| Payment options | ||||
| Generate cash distributions | U | U | U | |
| Reinvest in same fund | U | U | U | |
| Reinvest in another fund | U | U | U | |
| Issue check in lieu of fractionals | U | A | U | |
| Hold cash | N | A | U | |
| Split cash and reinvest | U | U | U | |
| Payment to multiple payees | U | U | U | |
| Reinvest from non-IRA to IRA account | A | A | U | |
| Reinvest from IRA to non-IRA account | A | A | U | |
| SYSTEM CAPABILITIES: MAINTENANCE | ||||
| Do routine maintenance changes | ||||
| Record of date of the change | U | U | U | |
| On-line history of changes | U | U | U | |
| Cross-reference to source, image or microfilm | U | U | U | |
| Hard copy journal of changes | U | U | U | |
| Ability to key verify changes | N | U | U | |
| Global changes to multiple accounts | ||||
| Dealer main office changes | U | U | U | |
| Branch office changes | U | U | U | |
| Rep changes | U | U | U | |
| Wholesaler changes | U | A | U | |
| Territory reassignments | U | A | U | |
| Account number changes | U | U | U | |
| SYSTEM CAPABILITIES: EXCHANGES | ||||
| Select accounts with phone exchange privilege | U | A | U | |
| Select accounts identified by a timing service | U | A | U | |
| SYSTEM CAPABILITIES: REDEMPTIONS | ||||
| Select accounts with phone redemption privileges | U | A | U | |
| Automatic transfer of proceeds via ACH | U | A | U | |
| SYSTEM CAPABILITIES: TRANSFERS | ||||
| Prevent out-of-proof conditions | U | U | U | |
| Transfer by single transaction | ||||
| From one account to many | U | U | U | |
| From many accounts to one | U | U | U | |
| Auto transfer options to new account | U | U | U | |
| Consolidate duplicate accounts | ||||
| Via transfer | U | U | U | |
| Other automated means | U | U | U | |
| Automatic match list | U | A | U | |
| Automatic consolidation | U | A | U | |
| SYSTEM CAPABILITIES: ADJUSTMENTS | ||||
| Identify reasons for reversals | U | U | U | |
| Periodic operator error statistics | U | U | U | |
| X-reference to hard copy/microfilm | U | U | U | |
| Corrections to transaction processing | U | U | U | |
| Reverse/reprocess with trail/recalculations | ||||
| Affected distributions | U | U | U | |
| Dealer commissions | U | U | U | |
| Gain/loss on transaction | U | U | U | |
| SYSTEM CAPABILITIES: WITHDRAWAL PLANS | ||||
| Make periodic payments based on | ||||
| Prescribed dollar amount | U | A | U | |
| Specified number of shares | U | A | U | |
| Percentage of the account value | U | A | U | |
| Prescribed number of payments | U | A | U | |
| Life expectancy | U | A | U | |
| Pay non-registered holders | ||||
| Split among multiple payees | U | A | U | |
| Use a payee for specific payments | U | A | U | |
| Send confirm to registered holder | U | A | U | |
| SYSTEM CAPABILITIES: BLUE SKY REPORTING | ||||
| Report Blue Sky sales daily | U | U | U | |
| Record/track registered amounts | U | U | U | |
| Generate reports by state | U | U | U | |
| Monitor state sales for oversold condition | U | U | U | |
| System support external Blue Sky systems | U | U | U | |
| SYSTEM CAPABILITIES: GENERAL REPORTING | ||||
| Built-in writer for ad hoc reports | U | U | U | |
| SQL database used for all data | U | U | U | |
| Use of third-party SQL tools and writers | U | U | U | |
| Database table to support third-party | U | U | U | |
| Post reports to a website | U | U | U | |
| Integrated user-defined report writer | U | U | U | |
| SYSTEM CAPABILITIES: SECURITY | ||||
| Restrict access to information based on: | ||||
| Program name or system function | U | U | U | |
| Mutual Fund Complex | U | U | U | |
| Fund | U | U | U | |
| Elements of data | U | U | U | |
| Broker/dealer | U | U | U | |
| Representative | U | U | U | |
| Operator identifier | U | U | U | |
| Account Options | U | U | U | |
| Record attempted sign-on failures | U | U | U | |
| Record operator activity by terminal | U | U | U |
**Not reported
N=Not available
U=In use
A=Available
D=In development