This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Transamerica Selects State Street And Boston Financial For Investment Servicing

The State Street Corporation (NYSE: STT) (State Street) and Boston Financial Data Services, Inc. (Boston Financial), a joint venture of State Street and DST Systems, Inc., announced today that they have been appointed by Transamerica Asset Management (Transamerica) to provide a full range of investment services for over $55.5 billion in assets.

In an expansion of a long-standing relationship, State Street will provide Transamerica with a range of fund administration services, including financial reporting, expense administration and compliance monitoring. Boston Financial will begin a new relationship by providing shareholder recordkeeping, investor and intermediary servicing, and compliance services.

"We have enjoyed a very successful, strategic partnership with State Street, so it was a natural choice when we sought a provider for fund administration services that we had confidence in," said Tom Swank, president and CEO, Transamerica Individual Savings & Retirement. "Boston Financial has a strong reputation as a leading solutions provider with a range of services that complements State Street's offering. We look forward to working with Boston Financial and State Street to further strengthen our overall operational capabilities."

State Street currently serves as custodian and accounting agent for Transamerica mutual funds.

"By leveraging our expertise, scale, and level of investment in servicing the financial industry, Transamerica will be able to focus on increasing the distribution of their funds," said Terry Metzger, President and CEO at Boston Financial. "Expanding an already successful outsourcing relationship can further improve investment operations," said Alan Greene, executive vice president of US investment services and institutional investor services at State Street.

"With the addition of these new capabilities from both State Street and Boston Financial, we look forward to helping Transamerica generate greater efficiencies, better positioning them to focus on meeting their growth objectives."

Other services to be provided by State Street include performance reporting, tax administration and legal administration.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs