IS will administer any type of traditional or non-traditional
asset including these 1927 beauties designed by Augustus Saint-Gaudens.
IS is an economical method of servicing self-directed Individual
Retirement Accounts, sole proprietor Keogh Plan accounts, SEPs,
SARSEPs, and the new Simple, Roth, and Education IRA's.
IS fits the needs of mutual fund management companies, retail
bank trust departments, securities brokers, insurance companies
and others who administer IRA and Keogh plan accounts.
system retains transaction history on-line for as long as the user
needs it, indefinitely, if desired. On-line transaction history
gives the trustee the information needed for superior customer service.
It simplifies and reduces the cost of complying with regulations
and of meeting the requirements of auditors and examiners. It provides
the data to produce client statements showing contribution, investment,
and income detail from the inception of the account if desired.
Having the transaction history on-line permits error correction
of past transaction without the need to make adjusting entries.
system's operation is interactive, on-line. Accounts and transactions
are immediately accessible to on-line inquiry. Account updates and
transactions are posted throughout the day. End-of-day processing
is reduced to backing up the files.
IS provides for unlimited investments, CUSIP number, ticker
symbol and internal department number asset identification, cash
sweeps into single or separate funds, automated pricing, automated
dividend-interest mapping, statements, retirement checks, multiple
trustee processing, multiple department reporting, and many other
may be invested according to portfolio strategies or individually
predetermined percentages. The investor can change the spread of
invested contributions and earnings across an unlimited number of
assets at any time the trustee permits such direction. Assets may
be valued at any time, and pricing may be daily. Pricing may utilize
an interface with a pricing service.
IS prepares the reports needed by department management, statements
at any interval, and required forms including 1099-R's and 5498's.
The system works with IBM's special report generating products including
Query, Menu-driven Natural Language Query, IBM IS/400 Office Vision
or files may be downloaded into any popular word processing application.
1989, 1999 TSCI, Inc.