Envision Financial System announces the launch of a Subaccounting solution

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Envision’s PowerAgent next generation shareholder accounting system has been updated to support mutual funds and ETFs in a subaccounting environment for intermediaries.

Envision Financial Systems, Inc., a leading provider of real-time technology solutions to the financial services industry, today announced they have expanded their award winning product suite capabilities to allow intermediaries, including brokerage firms, investment advisors and trust departments, to subaccount their client’s mutual fund and ETF assets. Brokerage firms are now able to use contemporary technology and the modular design of Envision’s PowerAgent shareholder recordkeeping system and its integrated surround systems to increase profitability, improve customer service and mitigate risk. This measurably improved business model for subaccounting will be made available as a software service.

Envision’s products and services have increasingly been used by mutual fund companies, mutual fund service providers, college savings plans and other financial services companies to service their shareholders and meet their unique business needs. These firms have tailored PowerAgent to thier needs by exploiting PowerAgent's open architecture and contemporary technology to create product and service differentiation. Envision’s customers have routinely received industry recognition for service excellence and product innovation. Brokerage firms and other intermediaries will now be able to leverage and exploit this same core technology to provide subaccounting to their clients.

“The industry has had limited choice in subaccounting technology. We felt the time was right to introduce a new offering based upon PowerAgent’s modern architecture” says Satnam Gambhir, Chief Executive Officer of Envision. “We engaged industry experts in subaccounting to help us enhance our next generation systems for subaccounting applications. The result is a system that is intuitive, easier to use and easier to tailor. We believe PowerAgent for Subaccounting will allow brokers to bring more proficiency to their service and support model and to stand out from their competitors.”

The PowerAgent and PowerAgent for Subaccounting shareholder recordkeeping system supports all types of mutual funds, ETFs and alternative investment products. It has asset allocation (wrap), advanced omnibus account aggregation, trading and reconciliation, integrated cost basis capabilities, workflow and imaging; internet inquiry, trading and e-delivery. Using real-time open industry standard technology, configurable business rules and a customer-centric interface, PowerAgent and PowerAgent Subaccounting users have significantly increased efficency and service quality.

About Envision Financial Systems
Founded in 1994, Envision Financial Systems, Inc. is the leading provider of real-time shareholder accounting software solutions to the financial services industry. Using in-depth knowledge of the industry and listening to its customers, Envision provides its clients with real-time access to data that optimizes productivity, increases customer satisfaction and enables emerging business needs. Envision’s headquarters are in Irvine, California, with offices in Owings Mills, Maryland and Bangalore, India. For more information, visit our website.

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John Gray
Envision Financial Systems, Inc.
(949) 579-9193
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