Asset Movement

With pressure to manage costs, improve service levels and respond to rapidly changing regulatory demands, firms are turning to automation for the critical task of client money movement processing. IFS’s Asset Movement Solution enables advisor or investor-initiated transactions to be processed quickly and efficiently. Backed by an intelligent business process and workflow engine, IFS’s Asset Movement Solution enables advisors and operations staff to manage client asset movement requests with decreased cycle times, increased accuracy, improved controls and end-to-end transactional visibility.

Key Features

  • ACAT and Non-ACAT Receives offer the ability to transfer funds or securities from one firm into your firm
  • Check Disbursements
  • OFAC checking of 3rd party distributions
  • 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
  • ACH Setup, ACH Disbursement-on-Demand, ACH Deposit-on-Demand
  • Supports future-dated transactions
  • Standing Agreements/LOA support for straight-through-processing (STP) of 3rd party transactions
  • Fee processing to charge client, representatives or firm
  • Journals (Cash and Securities) provide the ability to move funds or securities from one brokerage account to another, including across account types
  • Fed Wires (Domestic and International)
  • Full pre-population, generation and tracking of all required forms for money movement
  • IRA Calculator for gross or net withholding including required minimum distribution logic

Benefits

  • Increases efficiency with fully compliant straight-through-processing wherever possible
  • Enhances accuracy with robust funds available funds calculation and rules validation
  • Reduces processing times of transactions
  • Orchestrates complex processes across many people, systems, devices and service delivery channels
  • Automated exception processing for rule-based anomalies, including transaction value, customer value, etc.
  • Ensures compliance with relevant government regulations
  • Improves user experience and customer satisfaction
  • Increases front office to back office transparency by easily viewing request status and SLA adherence for any transaction