Non-Financial Updates (NFU)

As a complement to our Transaction Forwarding System, FundSERV offers NFU, allowing distributors and intermediaries to update client information through a single message.

FundSERV ensures the updates contain all necessary information before the message is sent to the intended recipients. NFU recipients acknowledge messages and have 24 hours to update their records accordingly.

Distributors and intermediaries can submit the following updates:

• Add/modify account-level, address and beneficiary information
• Add/modify name-related information
• Modify the dividend option of a fund
• Add beneficiary information
• Add a PAC to a new or existing account
• Add/modify an advisor profile
• Inactivate advisor profile
• Reassign multiple accounts between advisors
• Send details for a CUSIP rollover