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Hello efficiency. Goodbye risk.
Daily reconciliation increases efficiency and reduces risk. MG Trust
provides a daily account valuation and reconciliation process,
which means comparing the position file held by the fund’s
transfer agent with a position file held by the institution for
that same asset on a daily basis. This process is fully automated
at MSCS, allowing only exceptions to be evaluated.
Daily valuation and reconciliation benefits:
- Automatic reconciliation of custodian and trust holdings to plan
holdings
- Trade date or settlement date reconciliation
- Increased efficiency through elimination of manual reconciliation
- Current and accurate exception report generation
- Timely intervention to address exception processing or to correct
errors and omissions
The proactive recapture.
MSCS gives you the tools and resources to control the profitable
relationship between your clients and their investments; accurately
account for and increase service fees available from the funds
to offset customer costs; and reduce operation expenses through
automation.
When appropriate, we also help customers proactively process and
capture fund fees for the administrative services that the institution
is performing. Our fee capture opportunities may be used to offset
customer expenses through competitive fund compensation arrangements
and administrative and relationship support.
Flexibility—right where you need
it.
MSCS has established agreements with hundreds of mutual fund companies
to receive shareholder servicing fees, giving you more flexibility
than ever. Based on your instructions, this servicing revenue can
be used by the plan to offset service fees as well as the other plan
costs, helping sponsors effectively manage their plan expenses. Additionally,
brokers can be named on plan accounts to receive commissions directly
from the funds with which they have negotiated selling agreements.
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