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