Products June 20, 2007

Northern Funds Added to PFPC’s AdvisorCentral Portal

PFPC, a member of The PNC Financial Services Group, Inc., has added Northern Funds to its AdvisorCentral portal.
Reported by
The AdvisorCentral portal is an online tool for financial advisers and broker/dealers providing aggregated mutual fund and 529 account information. Northern Funds is a family of mutual funds managed by Northern Trust Corporation.
According to the announcement, AdvisorCentral aggregates client information from approximately 50 industry-leading mutual fund companies and six transfer agencies, representing 48 million accounts. Financial professionals can use the portal to consolidate individual accounts into customized client portfolios, check prices, build transaction histories, and execute on transactions involving redemptions and exchanges.
Eric Schweitzer, senior vice president with Northern Trust, said, in the announcement, “Our participation in this centralized source of account data can expedite the adviser’s collection of data, enhance their analytics, facilitate certain types of transactions and potentially reduce demands on our own customer service resources.’
More information about PFPC can be found at www.pfpc.com.
Products June 19, 2007

CPI Improves Web Sites

A Kansas third-party recordkeeping and administration company has unveiled a series of upgrades to its Internet sites for financial advisers, plan sponsors, and participants.
Reported by
According to a news release, the Internet changes by CPI Qualified Plan Consultants include:
  • The look of CPI’s participant, plan sponsor, and financial adviser sites has been enhanced. The redesigned sites feature a new menu structure that makes it faster and easier to move from one area to another with a mouse click.
  • Participant benefit statements and the Financial Analyzer available to participants on myretirementfuture.com are now available in Spanish. The Financial Analyzer, provided through MasteryPOINT, is called “Understanding the Basics of Retirement Investing.” Quarterly participant newsletters are also available in a Spanish version.
  • Through CPI’s participant Internet site, participants can create instructions to automatically realign their account on a monthly, quarterly, or annual basis.
  • On the plan sponsor site, users can see a history of each participant’s beneficiary changes as well as have the ability to export participant beneficiary information for a single participant or for all participants.
More information about the company is at www.cpiqpc.com.

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