This Day On The Street
Continue to site
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

Boston Financial To Provide Blue Sky Administration Services

QUINCY, Mass., Sept. 11, 2013 /PRNewswire/ -- Boston Financial Data Services, Inc. (Boston Financial), a joint venture of State Street Corporation (NYSE: STT) and DST Systems, Inc. (NYSE: DST) announced today that it is expanding its compliance solutions by entering the Blue Sky Administration business. The new offering helps asset management firms manage their Blue Sky requirements and includes preparation, filing and exemption processing; as well as customized online reporting and sales registration data.

Blue Sky laws are state securities laws that regulate the sale of securities to protect investors from fraud. With omnibus recordkeeping becoming more prevalent, compliance with Blue Sky laws has become more cumbersome, increasing the likelihood of penalties and expense for asset management firms. Since Boston Financial is a transfer agent, the company has direct access to the sales data, helping ensure clients' compliance with state registrations as well as their eligibility for exemptions, which can reduce registration costs.  

Craig Hollis, AML Officer and a Managing Director for Boston Financial, will lead the business. Hollis, who brings 28 years of mutual fund experience and previously managed a Blue Sky Administration business, commented: "Blue Sky Administration service has always been a critical need for clients in helping them comply with Blue Sky laws, but today clients are also seeking a more integrated offering.

"Our all-inclusive service, combined with our direct access to the sales data and experience in the compliance and intermediary space provides the scale and expertise necessary to help clients meet their Blue Sky needs. Our offering enables clients to achieve greater efficiency, oversight, and integration, allowing them to focus on their core business."

Blue Sky Administration aligns with other state mandated and intermediary services that Boston Financial provides today. The business, which Boston Financial transitioned from State Street, combines Boston Financial's compliance team and State Street's Blue Sky team providing for an integrated service solution.

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs