Northern Trust has extended online access to investor information for transfer agency clients to nominees and third party fund distributors across Europe. This latest enhancement will allow nominees and distributors to check transactions and valuations online enabling them to perform reconciliations easily and frequently.
"Previously, nominees and third party distributors had to request specific information which would then be sent through manually," said Karen Hamilton, head of product development for fund administration at Northern Trust. "Northern Trust has automated the process and enabled direct access to fund account information, so that nominees and platforms can view the data they need at any time."
The enhancement offers nominees and third party distributors a single sign-on to Northern Trust's multi-faceted web portal, Passport(R), enabling them to view all accounts and investor information across multiple management companies for which Northern Trust provides fund administration services.
"Nominees and third party distributors are handling a large volume of transactions at any time," said Hamilton. "By extending access to our fund clients' online data, Northern Trust enables nominees and third party distributors to better support their day-to-day processing and the underlying investors that they service," she added.
