Mutual fund companies are facing ongoing challenges in overseeing their financial intermediary relationships as omnibus processing and the reliance on FIs continue to increase, according to a new survey by Boston Financial Data Services.

Specifically, the survey found that nearly all (96%) of the mutual fund firms anticipate that their obligation to manage FI relationships will increase over the next three years, primarily due to Securities and Exchange Commission interest (92%) and interest at the fund Board level (69%).

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