DST Vision™ Signs PRIMEVEST for its Private Label Offering47 broker/dealers now using private label version of Vision®March 16, 2004 KANSAS CITY, Mo. March 16, 2004 – DST Vision™, the leading account management Web site for financial intermediaries, recently established account access for more than 1,200 registered representatives from PrimeVest Financial Services, Inc. through a private label version of Vision®. Through its private label offering, available since 2000, Vision integrates customer account information from more than 260 mutual fund and variable annuity companies into broker/dealers' Web sites. These firms can then provide their representatives and back-office staff all the benefits of Vision while leveraging their proprietary technology and maintaining their own branding. “Vision's private label allows us to give our registered representatives access to the critical information on Vision while still promoting PrimeVest, ” said Clinton Williams, COO, of PrimeVest . “By integrating our operations with the Vision Web site, we've given our representatives access to the most complete online resource available and have made it easier for them to provide a higher level of service to their clients.” Through Vision's private label alone, more than 55,000 advisors affiliated with 47 broker/dealers can access their books-of-business, develop customized customer portfolios and households, access electronic statements, and conduct a variety of transactions. Using the seamless sign-on option, representatives can navigate between the firm's proprietary Web services and Vision, with a single ID and password. “Vision's private label option brings together the broker/dealer back-office, the representative, and the mutual fund and variable annuity product manufacturers under one roof,” said Kyle Mallot, DST's Client Services Officer in charge of Vision. “This is a true collaboration with benefits for all participants.” Introduced in 1998, DST Vision™ is designed to give independent advisors an easy-to-use, one-stop information source for customer positions held directly with fund families and variable annuity providers. With a single ID and password, advisors have access to account management tools including transaction processing capabilities, customizable client portfolios, and access to electronic statements. A majority of third-party-distributed mutual funds, representing more than 93 million accounts , and over half of the leading variable annuity providers participate in Vision â , including industry giants AllianceBernstein, A I M Investments, American Funds, MFS Investment Management, Nationwide Financial, OppenheimerFunds, Inc., and Pacific Life. Vision is continually enhanced to simplify account management and serve the evolving needs of financial intermediaries. Visit Vision at www.dstvision.com. 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. PrimeVest Financial Services, Inc. , headquartered in St. Cloud, Minn., is the nation's premier provider of quality investment and insurance solutions exclusively to financial institutions. Founded in 1984, PrimeVest is an ING company. ING is a leader in the financial services industry, active in the field of insurance and asset management. PrimeVest , registered in 50 states and Guam, serves the clients of nearly 600 financial institutions with asset sizes from $15 million to $25 billion. PrimeVest is a member of the Chicago Stock Exchange, the Depository Trust and Clearing Corporation (DTCC), and the Securities Investors Protection Corporation (SIPC). PrimeVest Financial Services, Inc. is an independent, registered broker/dealer. Securities and insurance products offered by PrimeVest are: not FDIC/NCUSIF insured, may go down in value, not financial institution guaranteed, not a deposit, not insured by any federal government agency. * * * * The information and comments above may include forward-looking
statements respecting DST and its businesses. Such information and comments
are based on DST's views as of today, and actual results could differ.
There could be a number of factors affecting future results, including
those set forth in Form 8-K/A dated March 17, 2003 filed by DST with the
Securities and Exchange Commission. All such factors should be considered
in evaluating any forward-looking comment. The Company will not update
any forward-looking statements in this press release to reflect future
events. |