Responsible for maintaining shareholder account records, managing the purchase, exchange and redemption process, handling shareholder, broker/dealer and fund management questions and issues and disbursing dividend and federal tax information, the role of the transfer agent is a critical one.
Commonwealth Fund Services is an SEC registered transfer agent and has been providing shareholder services to mutual funds since 1987. We use state-of-the-art transfer agent technology and process management coupled with responsive personnel to provide accurate and timely shareholder recordkeeping services including:
- Process and record shareholder mutual fund transactions
- Process dividend and capital gains distributions
- Perform NSCC trade processing
- Generate tailored account statements and confirmations for fund families
- Process year-end tax reporting
- Provide secure internet access to shareholder account records
- Manage legal requirements for statement deliveries
- Ensure industry compliance of customer identification and privacy regulations
- Daily cash and share reconciliation with Fund Accounting
- Annual SOC-1 Audit
