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Matrix helps “our Merrill Lynch Financial Advisors to reduce administrative work so they can more easily generate new business and broaden opportunities in the retirement market.”

—Paul Welykoridko, VP of Retirement & Education Solutions, Merrill Lynch.

Solutions: Financial Insititutions

Our backend solution. Your customer service.
We realize today’s business climate is challenging for financial institutions. You need to trade with efficiency but also monitor how your spend resources. Customers need to know they can count on you.

That’s where we come in. Matrix Financial Solutions can help you execute mutual fund trades in a more efficient and accurate manner—while you focus on helping customers and growing your business. Our comprehensive suite of business solutions is available on a fully integrated or a la carte basis, and we can also provide a fully disclosed outsource solution with direct ownership of accounts.

Financial Institutions solutions include:

  • Money Market Portal: The Matrix Money Market Portal supports your daily sweep activity by providing execution and same-day (T+0) settlement for an extensive list of industry-recognized money fund products. With trust system interfaces, you get the same automation, efficiency, reporting and support you currently enjoy with your T+1 mutual fund trading activity, including a single end-of-day wire settlement. The portal provides daily rates, position balances, dividends and transaction confirmations ready for import to the trust accounting system.  Fund research tools include 1-, 7- and 30-day yields, weighted average maturities, total fund portfolio balances, trading thresholds and agency ratings. Matrix Money Market Portal benefits:

      • Reduces execution risk
      • Diverse list helps satisfy fiduciary obligations
      • Multiple share classes, expense ratios and fee payment programs
      • Long-title account registration
      • Provides online access to your portfolio
      • Offers confirmation, rates, settlement and dividend information available in a download
      • Includes tools for fund research, including rates, yields, agency ratings
      • Trust system interfaces automate trade delivery, confirmation and reconciliation

  • Mutual Funds: Access over 460 fund families and thousands of funds via FundServ and NSCC’s Defined Contribution & Clearing Services (DCC&S). Processing through the NSCC lets you offer an almost unlimited choice of mutual funds with the ease of a single net settlement.