FOR IMMEDIATE RELEASE
CUSO Financial Services and Sorrento Pacific Financial Offer fundVISION™ Direct Mutual Fund Platform to Improve Processing of Mutual Funds for Financial Advisors and Clients
fundVISION combines best features of a brokerage account with cost structure of direct MF business
SAN DIEGO – Sept. 28, 2017 – Sister broker-dealers, CUSO Financial Services, L.P. (CFS) and Sorrento Pacific Financial, LLC (SPF), have launched fundVISION™, an innovative, consolidated platform for mutual funds which combines the ease and transparency of a brokerage account with the cost structure of direct business. The platform is fully integrated with the companies’ account management system, dataVISION®, making it simple for financial advisors to use, and providing another remote delivery tool to improve relationships between advisors and their clients.
The platform offers multiple advantages to both investment clients and advisors alike; in particular, the ability to hold multiple fund families in a single account offers the convenience of consolidated statements and tax documents while also providing the simplicity of diversification within a single account. Multiple fees are eliminated or reduced and money is invested faster than it would be with multiple direct business accounts.
“This is really the perfect account for a small to mid-sized investor who has only or mostly mutual funds for their investments as it allows the client to have a single point of contact servicing all their mutual funds,” says Monica Daggs, chief administrative officer for CFS/SPF. ‘It’s also great for the financial advisors because it will reduce their costs and administrative tedium as there will be no more duplicative applications. It also eliminates mailing costs for applications, checks and prospectus delivery. We’re proud to be the first to offer this innovative platform, which, we think, is the future of mutual fund investing.”
The product was released for general availability to all CFS/SPF credit union and regional bank investment programs this week. CFS/SPF are supporting the rollout with training modules for financial advisors, comparison charts to show the differences between fundVISION™ and other mutual fund platforms, and a series of tips and FAQs to answer questions that advisors or clients may have.
About CUSO Financial Services, LP and Sorrento Pacific Financial LLC
Full-service, sister broker dealers CUSO Financial Services, L.P. and Sorrento Pacific Financial LLC (Members FINRA/SIPC) provide customized investment and insurance solutions to financial institutions throughout the country. Headquartered in San Diego, with branch offices and licensed representatives nationwide, both companies are SEC Registered Investment Advisers, with expertise in key areas including retirement services, wealth management, fee-based and insurance products for individuals and business customers. For more information, see www.cusonet.com or visit LinkedIn pages: CFS and SPF.
Media Contact:
Beth Walsh
beth@clearpointagency.com
760-230-2424
