MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 14, 2001 Platform to Reach Small 401ks Funds firms seeking distribution to the defined contrubution retirement plan market are getting another opportunity thanks to TrustLynx. The platform is the retirement sister of DataLynx. TrustLynx is targeting its new The Opportunity Program for third-party administrators (TPAs) in the small-plan market niche, said a spokesperson with the firm. This product is a daily valuation plan. The new program will carry roughly 150 mutual funds that are part of the firm's supermarket. The spokesperson added that other funds could be considered for the program but that they would have to be a part of the National Security Clearing Corporation's (NSCC) Defined Contribution Clearing and Settlement (DCC&S) platform. All funds in the program must accommodate late-day and same-day cross-fund family exchange capabilities. The TPA is provided with a pass-through of selected shareholder services fees from mutual fund families. There is no direct custodial, trustee or transactional processing fees though there are custody, trustee, and trading support services. "It is designed for a TPA of any size," the spokesperson contended. "We developed this program to help our clients tap into the small plan market." Currently, the program is being offered to TPAs already in the Trustlynx system. There are no plans at this time to use the platform to market to TPAs outside the firm's umbrella. Notifications of the new service went out to Trustlynx's clients today. Printed from: MFWire.com/story.asp?s=26846 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |