2 Who Is FundSERV?FundSERV Inc. is a leading provider of electronic business services to the Canadian investment fund industry. Established in 1993, FundSERV is a private company that operates on a cost-recovery basis.FundSERV has spearheaded the development of what is widely acknowledged to be the most efficient investment fund transaction processing system in the world. Today, the Company's focus is on the data standards and security infrastructure that will enable the industry to continue to apply technology for the ultimate benefit of the Canadian investing public.
3 What Does FundSERV Do? Are you Familiar With ? When you use your debit card, Interac organizesand manages all transactions, such as paying theretailer, accessing your account and notifying the bank.FundSERV works in a similar manner as it manages andprocesses all transactions, from investments to commissions andorganizes all the information into InSite.
4 Why Did Qualified Financial Services Invest In and Implement FundSERV? Timeliness of tradesGreater efficiency with investment transactionsIntegration with InSite to manage client portfoliosAttraction of investment focused advisorsAccess to funds only available via FundSERV
5 How Does FundSERV Improve Your Business? Timeliness of tradesEffortless ability to view your client’s portfolioManagement of client fundsNo additional costs (today) for serviceAs a result….MORE OPPORTUNITIES
6 CommunicationWhich Carriers Does FundSERV Facilitate Transactions for with Qualified Financial Services?Who Should I Contact If I Have Any Questions?
7 Which Carriers Does FundSERV Facilitate Transactions with for Qualified Financial Services? C.I FundsManulife FinancialEmpire LifeRBC InsuranceCarriers to be joining us next quarter:Canada LifeI.A
8 What Transactions Can Be Completed Via FundSERV? Buy (excluding transfers)SellTrade (Switches)
9 Who Should I Contact If I Have Questions? Trades Pat ArmstrongCommission Anna BoroniAll other Kevin CottInquiries
10 Using FundSERV To Its Full Potential Via InSite How Do I Access FundSERV?Where Are All The FundSERVActions Found?What Does Each Action Do?
11 How Do I Access FundSERV? FundSERV is integrated with InSite,so…Log into InSite as you normally would.
12 Where Are All The FundSERV Actions Found? To view a FundSERV transactionLocate the ClientMain and SearchLocate client in the search area2) To review in-depth client informationAll Blue highlighted areas allow for more informationExamples:Fund informationReturnsUnit ValueShow Transactions↓Commissions
13 What Does Each Action Do? Fund Information – Provides background information for the specific fund.Returns – Historical Rate of Return for your client’s portfolio.Transactions – Complete history of what has transpired.
14 Commission How Do I Get The Process Started? How Are Commissions Paid Out?How Do I Reconcile My Payments?
15 How Do I Get The Process Started? You MUST hand in a completed and signedoriginal EFT form, along with a void cheque.This allows Qualified Financial Services tomake deposits into your account.
16 How Are Commissions Paid Out? Commissions are paid out at weekly intervals via Qualified Financial Services EFTarrangement with TD Bank, showing in your bank account asQUALIFIED FINAN PAY.Only payments of $50 or more will be deposited. Balances below this are carriedforward until $50 is reached.Commissions will be based on your production level (A, AA, AAA). Based on yourlevel, you will receive a % of the gross commission paid for both first year andtrailer commissions.Example:If your production level is AAA, you would receive 80% of the gross commission.
17 How Do I Reconcile My Payments? Two Ways:Individual reconciliation within a specific account.Log into client account (Main and Search)Click on Posted Commissions (Centre, top of page)Reconciliation to monies deposited into your account.Log into InSite (Main and Search)Click on Posted CommissionsEnter the desired date range and Click GoThis will create a report showing all commissions by client, carrierand date.
18 What Else Can I Do? Portfolio Report Accessing Your Client’s Portfolio Report:Log into client account (Main and Search)Click on Portfolio Report (Top right in the centre navigation bar)Portfolio Report:Viewing your client’s portfolio gives you the opportunity to easily discuss yourclient’s past, present and future transactions, allowing a greater opportunity tointeract and communicate with your clients.A Portfolio Report allows effortless access to:Current HoldingsRate of ReturnAsset Holding by TypeTransactions
19 Client Access to InSite and FundSERV Future PossibilitiesClient Access to InSite and FundSERVWhat Will This Mean?