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Growing up—and up.
Matrix Financial Solutions is the parent company of Matrix Settlement & Clearance
Services, which was founded in 1999 as a joint venture between Optech
Systems, Inc. and Matrix Bancorp, Inc. now United Western Bancorp,
Inc. MSCS provided an outsource option for mutual fund processing
and settlement. Later that year, Matrix Capital Bank became a mutual
fund member of the National Securities Clearing Corporation (NSCC),
and MSCS acted as its agent for processing all NSCC trades on behalf
of its customers.
In December, 2004, the investors behind Optech Systems purchased
the joint venture interest of Matrix Bancorp, Inc. and formed MG
Colorado Holdings, Inc. In May of 2005, MG Trust Company was formed
and the assets of Matrix Capital Bank were transferred to MG Trust
Company. Shortly thereafter, MG Trust became a mutual fund member
of the NSCC.
With all of these companies under one entity, MSCS can offer and
control all of the processing services for its customers. As a result,
MSCS now trades over $90 billion on behalf of more than 260 institutions,
making it one of the largest providers of mutual fund processing
and settlement services in its industry.
Today Matrix Financial Solutions includes five subsidiary companies,
which has allowed it to expand service offerings exponentially. Matrix
Financial Solutions is one of the nation’s largest providers
of back-office, trust, custody, trading and mutual fund settlement
services—and is still growing.
Company Facts
Headquarters: Denver, CO
Satellite office: New York, NY
Employees: More than 100
Client Base/Assets: More than 260 institutions with over $90 billion
traded on their behalf
President: John H. Moody
Chief Executive Officer: R. Clifton D’Amato
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