A Free Tool for Operations Teams

 

Often, if you are affiliated with a broker dealer and/or custodian, they will offer a premium aggregation and portfolio reporting platform to you for some level of a fee. However - DST Vision is sometimes overlooked as a free and versatile tool for your operation team's follow up and customer service work.

DST Vision provides a free (funded by the participating mutual funds and insurance carriers) platform to see your entire book of direct business in several slices:

  • By product type (MF and VA)
  • By product company
  • By transaction activity (purchases, redemption and other actions)
  • By account, portfolios or households
  • Year end and cost basis information

Additionally, official statements can be generated from within DST, as well as custom reports branded to a financial practice. This can contribute to a paperless office environment - in many cases enabling a practice to turn off paper statements to the branch.

 

Beyond the high level functions of the site - operations staff who manage follow up on processed new or subsequent business can find the real value in the system's timeliness. Account activity is updated daily, with views into non-financial activity as well. Depending upon your configuration and your broker dealer's parameters for using Vision - there are several tiers to using Vision.

  1. Financial advisor access - based on your tax id, and can include all of your differing rep numbers
  2. Branch Office - encompassing multiple representatives within a branch (and each representative can access at the individual level)
  3. Tax ID - helpful to Trust and Banking institutions
  4. TPA - for third party individuals or firms contracted to manage plans

DST Vision includes some unique features, again, depending upon institutional parameters:

  • Trading directly with mutual fund and insurance companies on accounts
  • Downloading Fanmail files from a DST peer offering called DST Fanmail - into offline or web-based software for more advanced aggregation and reporting (these ancillary software packages may come with a price - again - Fanmail is also free from DST)
  • Use of POP values (public offering price) - used to handle daily account values for investment vehicles not priced daily
  • Support for a small but growing body of REIT's and DPP companies

To see the companies participating in DST Vision and to learn more - go to DSTVision.com.

This Website Is For Financial Professionals Only