PFPC is preparing to move clients on its PAR transfer agency platform to a component-based, open-architecture platform. Fund firm clients are being currently informed of the new strategy to move from the proprietary architecture, a source familiar with the plan told the MutualFundWire.com. The transition is expected to take place over the next 36 months.

During the transition PFPC will continue to fully support clients on the PAR platform, according to the source who noted that the continued support is an important consideration for PFPC.

PFPC has been quietly informing clients of the coming transition and working with each of them to find a way to open the platform that makes the most sense for both parties. 

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