The Depository Trust & Clearing Corporation (DTCC) announced on Wednesday the launch of Networking for Direct Accounts to help the mutual fund industry calculate breakpoints on direct accounts more effectively.

Direct accounts are fund accounts held in an investor's name at a fund company. Sometimes, investors also use a broker/dealer or other distributor for additional fund investments. If the distributor, who is called the "broker of record," is not aware of the customer's direct accounts with the fund company, those investments will not be reflected on his or her books and records.

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