Investment managers will now be able to automate, centralize and standardize purchases, exchanges and redemptions directly though the Depository Trust & Clearing Corporation’s Fund/SERV and other mutual fund services, instead of having to go through a third party.

“Allowing the managed accounts industry access to the exceptional mutual fund services that DTCC provides will improve back-office processing for our membership,” said Christopher Davis, president of the Money Management Institute. “Replacing transactional methods that are complicated, time-consuming and costly with a model that exemplifies DTCC’s unmatched expertise will ensure that managed investment solutions stay on pace as the fastest growing segment in the investment advisory industry.”

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