DST Systems, a provider of technology-based service solutions, has launched a new asset servicing solution for retail alternative investment vehicles.
Called DST AltServe, the new platform provides electronic alternative account opening with straight-through processing to the product manufacturer, an automated business rules engine, and oversight tools for the home office.
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The web-based account onboarding, trading and servicing solution features a dashboard to track real-time progress and business process services to manage workflow.
The solution also offers user-friendly account opening and servicing dialogue designed to reduce time, minimize manual effort, and mitigate errors as well as automated know your customer and suitability checks.
In addition, it provides integrated review and release function to improve pre-trade oversight, and access to the subscription document with fully integrated electronic signature to cut costs and processing time.
DST vice president of alternative investment solutions Robyn Holloway said: "AltServe solves many of the service and support challenges broker-dealers are facing when advisors allocate alternatives to their clients’ portfolios.
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By GlobalData"AltServe addresses each of these issues and puts greater control in the hands of advisors working with their clients. We believe it’s the solution the industry has been waiting for."
