MANAGED FUND UNIT REGISTRY
BACKGROUND
 onnect5 has developed a Managed Fund Unit Register to meet the needs of fund managers that wish to concentrate on performance and not administration.
The application includes client record keeping, applications, redemption, distributions, commissions, inquires and reporting.
The application has been developed in consultation with a number of back office administrators of managed funds.
Our managed fund unit registry solution includes:
 Client Management
Application Lodgement
Redemptions
Compliance
Distributions
Commissions
Reporting and Inquiry
Administration Services
BENEFITS
Such a highly automated system means minimal human intervention, minimised transaction error, reduced turn around times and a low cost specialised service for the fund manager.
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 Hold client details
Record a request to buy units at a given date
Calculate an entry fee (% or flat $ amount of the application value)
Process the application and accept unit prices
Paper and/or email investor confirmation of purchase/redemption
Record a request to sell units at a given price
Calculate an exit fee (% of the value of the redemption )
Process a redemption request and accept unit prices
Paper/email output of client confirmation of redemption
Paper/email output of transaction history of investor
Paper/email output of holding, current price and current value based on most recent redemption price
Paper output of taxation breakdown of distributions over the financial year
Record of combined investor holdings ( by fund) for reconciliation purposes
Bank reconciliation reports from inward applications and redemption payments processed to be compared to bank statements
Allocate distribution to investors on the bases of funds held at a given date
Calculate commission ‘trails’ (% of current value at end of each month)
Capture application form with client details, allow scanning of paperwork to be held in database
Sort by client number or surname for ‘lookups’ and report runs
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