| OpenPFA is the industry’s first open architecture platform to offer
investment advisors, managers, and investors the tools designed for all
of their individual needs, including:
- A comprehensive trading platform for individual securities and
mutual funds
- An “open product” and service utility offered through
a vertically integrated platform
- Aggregation of investment information
- Complete pricing, reconciliation, and compliance services
- Thorough tax harvesting and reporting
- Robust communication facilitator for advisors, investment managers,
and investors
- State-of-the-art performance measurement capabilities
- Effective reallocation and rebalancing within investment products
and styles
Supported Products
OpenPFA provides complete management and decision
support that comprise today’s sophisticated unified managed accounts,
including:
- Mutual Fund Wraps – Selected mutual fund combinations
predefined by percentage allocations with performance measurement and
rebalance and reallocation according to specifications.
- No Transaction Fee Mutual Funds – Known as no-load mutual
funds.
- Core Money Market Fund – A money market fund to facilitate
investment flow of funds and fee collection for the advisor and manager.
Seamless Integration
OpenPFA
functions as the “books and records” of a comprehensive
investment management program, capturing all of the information that
the advisor needs to make timely decisions. OpenPFA incorporates a
suite of applications that can handle every investment portfolio’s
needs:
- Managed Asset Platform (MAP) – Provides
portfolio management, user-defined workflow, and a common trading protocol
for managed accounts of individual securities.
- TA2000 – Provides detailed Subaccounting for all
mutual funds, including posting transactions, position keeping, processing
mutual fund corporate actions, and tax lot and tax reporting functionality.
- Automated Work Distributor (AWD) – Manages
real-time communication of work between OpenPFA participants, including
workflow management, straight-through processing of events, and document
archiving.
Comprehensive Services
The OpenPFA Client Service Team supports all OpenPFA activities, including,
account set-up, management of transaction activity, reconciliation
services, and statement initiation. This team also provides support
with product training, coordination of initial set-up, and introduction
to operational service representatives.
Other OpenPFA services include:
- Web-enablement through an Internet-user interface
- Householding for statements, viewing, and fee processing
- Investment allocations across products, product styles, and
holdings within a product style
- Client reporting and performance measurement
- Systematic investments through “dollar cost averaging” and
specified withdrawals
- Performance reporting through quarterly account- and product-level
reports
To learn more about Wealth Management,
contact us at lkiefer@dstsystems.com.
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