Process advisor or investor-initiated transactions quickly and efficiently.
The manual work of asset movement can be painfully cumbersome, especially if the transaction includes complicated balance validations, ensuring retirement rules are followed, or compliance policies require additional approvals. Asset Movement integrates with advisory platforms for a web-based, do-it-anywhere system that automates transactions including ACATs, Fed Wires, Check Disbursements, Journals (securities or cash), ACH, Distributions and more. Rest assured with fraud detection and easy integration of different systems like CRMs, third party money managers, and managed accounts. IFS’ Asset Movement helps your team perform reliable transactions more smoothly than ever before.
Backed by an intelligent business process and workflow engine, IFS's Asset Movement enables advisors and operations staff to manage client asset movement requests with...
1
DECREASED
CYCLE TIMES
2
END-TO-END
TRANSNATIONAL
VISIBILITY
3
INCREASED
ACCURACY
KEY
FEATURES
ACAT and Non-ACAT Receives offer the ability to transfer funds or securities from one firm into your firm
Periodic Distributions (ACH, Checks, Cash Journals) offer the ability to set up instructions for sending money out of your brokerage account on a periodic schedule
Standing Agreements/LOA support for straight-through-processing (STP) of 3rd party transactions
Fed Wires (Domestic and International)
Check Disbursements
ACH Setup, ACH Disbursement-on-Demand, ACH Deposit-on-Demand
Fee processing to charge client, representatives or firm
Full pre-population, generation and tracking of all required forms for money movement
OFAC checking of 3rd party distributions
Supports future-dated transactions
Journals (Cash and Securities) provide the ability to move funds or securities from one brokerage account to another, including across account types
IRA Calculator for gross or net withholding including required minimum distribution logic
YOUR
BENEFITS
Increases efficiency with fully compliant straight-through-processing wherever possible
Reduces processing times of transactions
Improves user experience and customer satisfaction
Enhances accuracy with robust funds available funds calculation and rules validation
Automated exception processing for rule-based anomalies, including transaction value, customer value, etc.
Increases front office to back office transparency by easily viewing request status and SLA adherence for any transaction
Orchestrates complex processes across many people, systems, devices and service delivery channels
Ensures compliance with relevant government regulations