An optional product to the
INSCOMM Software package is the ability to download your mutual fund and
variable products data into our software using the internet.
The mutual fund and variable product companies upload their data on your
clients to a company by the name of DST.
DST serves as the middleman. You log on to your internet provider and
use the INSCOMM Software to retrieve or download the data into your database.
DST is a major financial service company located in Kansas City. Most
of the mutual fund companies and many of the variable products companies
are uploading to DST on a daily basis. INSCOMM is one of the few companies
that can retrieve ALL the data on your customers from DST and import that
information directly into the INSCOMM database. You don't even need the
clients in the database. We will import name, address and social security
data along with all the product data and transactions for you. All easy
to do and very reliable.
The advantage to you of course is that you can print consolidated statements,
performance reports, graph, bar and pie charts for presentation to your
clients. No need to spend hours collating statements from the various
fund or variable companies web sites and trying to organize them into
a professional presentation, INSCOMM does that for you. And the real advantage
with INSCOMM is that for that information that you can not download from
any source you can input manually and include in the consolidated reports
and performance reports. Examples of data that you can't download from
any source are: policy information; fixed and indexed annuities; securities
data on mutual fund or variable annuities and variable life that some
companies do not send for download; and any other products that you market
which are permitted to be entered into INSCOMM. A more professional product
to present to your clients at a major saving of time and expense. Many
vendors will download only the Price Refresher File from DST - the change
in the NAV. We on the other hand bring all the files down from DST, which
thus encompasses all the activity on your clients account at the fund
The Files Include:
ACCOUNT MASTER - This is the initial file for each fund and contains
basic demographic data (name, address and social security number) and
financial account data (account number, cusip and fund code). Your database
is populated without you having to begin entering anything.
NEW ACCOUNT ACTIVITY - Same as the Account Master, but as the title
indicates it is the new business activity and follows as needed once the
Account Master has been imported.
ACCOUNT POSITION - Contains the balance on each account. It is
downloaded once per month.
PRICE REFRESHER - The current NAV for your funds. It is downloaded
daily. The recalculations performed by the software gives you an ongoing,
daily account balance.
FINANCIAL DIRECTIVES - Purchases, Redemptions, Transfers and all
account activity when it happens.
DISTRIBUTIONS - Dividend and Capital Gain Distributions when they
For Variable Products sub-accounts are listed and updated.
You don't have to download daily, or even weekly. But you have to download
from DST at least once per month. So you can download on whatever schedule
which you are comfortable with.
Call INSCOMM at 1-800-INSCOMM (467-2666) and ask for anyone in Marketing,
and we will share with you an exciting product at a price much more competitive
than available elsewhere.