DST's Vision® Realizes Unparalleled Growth in 2001
January 22, 2002
KANSAS CITY, MO. (January 22, 2002) - Vision®, the leading Web portal for financial advisors enabling access to such fund and annuity giants as Alliance Capital, American Funds, AIM, MFS Investment Management, OppenheimerFunds, Inc., and Lincoln Financial Group, announces record growth in 2001. Over the past 12 months, the number of fund companies participating in Vision has increased nearly 80%-growing from 151 fund companies to 267. Today, Vision provides advisors access to nearly 70% of dealer-distributed funds.
Vision's open architecture allows for the connectivity to any mutual fund or variable annuity provider, delivering advisors the most comprehensive view of their client's investment portfolio with a single sign-on.
This is exemplified by the fact that AIM and OppenheimerFunds, two fund companies that do not currently use DST's mutual fund shareholder recordkeeping platform, joined Vision in 2001. Vision set another precedent by being the first financial advisor portal to offer variable annuity data. Providing access to this type of content is another reason Vision continues to be the portal of choice. With a 54% increase in monthly site traffic during 2001, Vision's popularity continues to grow.
In addition to increased usage and fund company participation, DST continues its commitment to Vision development and service. Vision recently introduced Advisor Defined Portfolios that enables financial advisors to group client accounts into portfolios across fund and variable annuity companies. In the coming months, additional investment products of interest to advisors will be made available.
Kyle Mallot, DST Client Services Officer, explained, "Our Vision team continually takes the pulse of the financial advisor community and enhances Vision's content based on their feedback. Vision's breadth of mutual fund content and functionality is the most comprehensive on the Internet today."
DST Systems, Inc. (NYSE: DST) provides sophisticated information processing and computer software services and products that help clients improve productivity, increase efficiencies, and provide higher levels of customer service. DST is organized domestically and internationally into three operating segments: Financial Services, Customer Management, and Output Solutions. DST operates one of the most advanced data centers in the world, which provides information-processing services to support the products within each operating segment. These products are further enhanced through the integration of DST's advanced technology and e-commerce solutions.
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