Boston Financial Data Services has launched a new Financial Intermediary Administration (FIA) Solutions business in response to the shift in the industry due to financial intermediaries transitioning to an omnibus environment. Boston Financial has developed customized FIA services that assist fund companies in the management and oversight of their intermediary relationships.
Boston Financial’s FIA Solutions provides intermediary data and relationship information, improves intermediary payment administration, and simplifies inspection and monitoring obligations. It helps fund companies understand and track key aspects of their financial intermediary relationships through one portal.
Commenting on the collaboration, Michael McNeill, FIA division vice president said, “Client input is critical to Boston Financial’s entire product development process. We have worked closely with our clients to deliver relevant and timely solutions that streamline the operating environment. Our objective is to continue to provide market-leading, cost-effective ways to support our clients as they expand their distribution through financial intermediaries.”
(JDC)