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Envision Improves Shareholder Recordkeeping System


Envision Financial Systems, Inc., has improved its mutual fund subaccounting system for broker/dealers with a new update.

With the improvement of Envision's PowerAgent shareholder recordkeeping system, intermediaries, including brokerage firms, investment advisors and trust departments, can now subaccount their clients' mutual fund and ETF assets.

The improved business model for subaccounting will be made available as a software service.

The effort was directed in part by subaccounting experts Ken Arthur and Dick Lucas of KDS Partners and Envision's Len Lanetti.

"The result is a system that is intuitive, easier to use and easier to tailor. We believe PowerAgent for Subaccounting will allow brokers to bring more proficiency to their service and support model and to stand out from their competitors," explained Satnam Gambhir, chief executive officer, in a press release published today by the Irvine, Calif.-based company.

The PowerAgent system supports all types of mutual funds, ETFs and alternatives. Capabilities include asset allocation (wrap), advanced omnibus account aggregation, trading and reconciliation and integrated cost basis capabilities, as well as workflow and imaging, internet inquiry, trading and e-delivery.


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