Data solution services firm DST Systems was recognized for their back office innovations at this year’s NOVA awards ceremony.
The team at DST received the Back Office Efficiencies Award for their recent improvements in fund operations that demonstrate an efficient use of technology, back office personnel and third party providers.
Since March 2014, the firm made significant improvements to its DST Vision HomeOffice website, which resulted in improvements in back-office operations for financial intermediaries. More specifically, the firm added a dealer, branch and representative management feature that allows home offices to make advisor changes across more than 100 product companies with a single transaction, NICSA says.
“It is a tremendous honor to be recognized as a leader in our industry, especially among so many worthy peers,” Scott Chelton, president of DST Asset Management Solutions, said in a statement following the announcement. “This award demonstrates our commitment to building best-in-class business solutions for asset managers and is a testament to our team’s hard work and continued dedication to meeting our customer’s needs.”
Chelton has nearly 25 years of mutual fund experience with DST with background of the business and deep network of relationships within the fund industry, a firm spokeswoman says. Throughout his career, Chelton has served in the firm’s information technology sector, led customer conversions, managed multiple mutual fund client relationships and over saw DST’s transfer agent consolidation operations area, the firm says.
Today, Vision HomeOffice is used by more than 3,000 broker-dealer and trust companies as well as roughly 400 mutual funds, variable annuities and REITs. So far, the firm has also facilitated over 62,000 automated maintenance requests on more than 1.5 million accounts, according to NICSA.