Transcript FundSERV - Qualified Financial Services

Who Is FundSERV?
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FundSERV Inc. is a leading provider of electronic business
services to the Canadian investment fund industry. Established
in 1993, FundSERV is a private company that operates on a
cost-recovery basis.
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FundSERV has spearheaded the development of what is
widely acknowledged to be the most efficient investment fund
transaction processing system in the world. Today, the
Company's focus is on the data standards and security
infrastructure that will enable the industry to continue to apply
technology for the ultimate benefit of the Canadian investing
public.
What Does FundSERV Do?
Are you Familiar With
?
When you use your debit card, Interac organizes
and manages all transactions, such as paying the
retailer, accessing your account and notifying the bank.
FundSERV works in a similar manner as it manages and
processes all transactions, from investments to commissions and
organizes all the information into InSite.
Why Did Qualified Financial Services
Invest In and Implement FundSERV?
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Timeliness of trades
Greater efficiency with investment transactions
Integration with InSite to manage client portfolios
Attraction of investment focused advisors
Access to funds only available via FundSERV
How Does FundSERV Improve Your
Business?
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Timeliness of trades
Effortless ability to view your client’s portfolio
Management of client funds
No additional costs (today) for service
As a result….
MORE OPPORTUNITIES
Communication
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Which Carriers Does FundSERV
Facilitate Transactions for with
Qualified Financial Services?
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Who Should I Contact If I Have Any
Questions?
Which Carriers Does FundSERV Facilitate
Transactions with for Qualified Financial Services?
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C.I Funds
Manulife Financial
Empire Life
RBC Insurance
Carriers to be joining us next quarter:
 Canada Life
 I.A
What Transactions Can Be Completed Via
FundSERV?
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Buy (excluding transfers)
Sell
Trade (Switches)
Who Should I Contact If I Have Questions?
Trades
Pat Armstrong
647-776-4025
[email protected]
Commission
Anna Boroni
647-776-4010
[email protected]
All other
Inquiries
Kevin Cott
647-776-4011
[email protected]
Using FundSERV To Its
Full Potential Via InSite
•How Do I Access FundSERV?
•Where Are All The FundSERV
Actions Found?
•What Does Each Action Do?
How Do I Access FundSERV?
FundSERV is integrated with InSite,
so…
Log into InSite as you normally would.
Where Are All The FundSERV
Actions Found?
To view a FundSERV transaction
1)
Locate the Client
Main and Search
Locate client in the search area
2)
To review in-depth client information
All Blue highlighted areas allow for more information
Examples:
Fund information
Returns
Unit Value
Show Transactions
↓
Commissions
What Does Each Action Do?
Fund Information – Provides background information for the
specific fund.
Returns – Historical Rate of Return for your client’s portfolio.
Transactions – Complete history of what has transpired.
Commission
•How Do I Get The Process Started?
•How Are Commissions Paid Out?
•How Do I Reconcile My Payments?
How Do I Get The Process Started?
You MUST hand in a completed and signed
original EFT form, along with a void cheque.
This allows Qualified Financial Services to
make deposits into your account.
How Are Commissions Paid Out?
Commissions are paid out at weekly intervals via Qualified Financial Services EFT
arrangement with TD Bank, showing in your bank account as
QUALIFIED FINAN PAY.
Only payments of $50 or more will be deposited. Balances below this are carried
forward until $50 is reached.
Commissions will be based on your production level (A, AA, AAA). Based on your
level, you will receive a % of the gross commission paid for both first year and
trailer commissions.
Example:
If your production level is AAA, you would receive 80% of the gross commission.
How Do I Reconcile My Payments?
Two Ways:
1)
Individual reconciliation within a specific account.
Log into client account (Main and Search)
Click on Posted Commissions (Centre, top of page)
2)
Reconciliation to monies deposited into your account.
Log into InSite (Main and Search)
Click on Posted Commissions
Enter the desired date range and Click Go
This will create a report showing all commissions by client, carrier
and date.
What Else Can I Do?
Portfolio Report
Accessing Your Client’s Portfolio Report:
Log into client account (Main and Search)
Click on Portfolio Report (Top right in the centre navigation bar)
Portfolio Report:
Viewing your client’s portfolio gives you the opportunity to easily discuss your
client’s past, present and future transactions, allowing a greater opportunity to
interact and communicate with your clients.
A Portfolio Report allows effortless access to:
Current Holdings
Rate of Return
Asset Holding by Type
Transactions
Future Possibilities
Client Access to InSite and FundSERV
What Will This Mean?
Questions and Answers