Exchange Traded Funds (ETF) Solution
SunGard and iShares, a leading global ETF provider, have come together to create a joint solution for recordkeepers and third-party administrators (TPAs) to seamlessly incorporate ETFs as standard options in retirement plans.
Your organization can now handle both ETFs and mutual funds within in the same plan, using the same system, thereby helping minimize your operational burden. This solution addresses multiple major operational barriers, while helping keep product costs down. TPAs and advisors using SunGard’s Omni and Relius recordkeeping platforms for benefits administration will be able to access and trade iShares ETFs through an integrated link to the SunGard Transaction Network (STN). For custody and settlement services, SunGard is leveraging the ETFxChange platform provided by Mid-Atlantic Trust Company (MATC).
Brokerage products and services offered by STN are provided by SunGard Institutional Brokerage Inc., Member FINRA / SIPC .
Features
- Customize portfolios and create custom asset allocations as options that participants can select, allowing plans to take advantage of the breadth of iShares ETF products.
- Modify active portfolios and custom portfolios frequently to create advisor-driven active strategies (tactical rotation, risk budgeting, etc.), positioning ETFs directly against active strategies and maximize the iShares product advantage.
Benefits
- Works operationally like a mutual fund
- Enables both ETFs and mutual funds in the same plan
- Allows participants to hold fractional ETF shares
- Facilitates optional late-day trading
- Helps reduce manual processing
- Remains transparent to clients
- Helps minimize operational and maintenance burdens on recordkeepers and TPAs
Brochures & Datasheets