Before You Invest Your Money

DTCC is launching MAS Portal, a new web-based interface to its Managed Accounts Service (MAS) that will enable immediate connectivity for investment managers who oversee managed accounts programs.”This is a breakthrough solution that gives investment managers a secure, automated portal from which they can directly access MAS to exchange account information with their sponsor partners and start to benefit from the efficiencies inherent in the service,” Ann Bergin, DTCC Wealth Management Services managing director and general manager, said in a release.Supported by DTCC’s global infrastructure, the MAS platform streamlines communications throughout the lifecycle of a managed account and links, through its one-to-many architecture — an unlimited number of business partners on either side of a transaction.It allows users to handle higher account volumes at lower cost; invest customers’ funds quickly; decrease manual processing; and lower operational risk, DTCC added.DTCC plans to launch MAS Portal in the third quarter of 2009 and has selected Peridrome Corporation’s DashWM solution suite to power the new service.Stuart Feld, managing director, UBS Wealth Management, added: “DTCC’s goal all along has been to make the Managed Accounts Service all inclusive.