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Mscs Financial Services, Llc


Mscs Financial Services, Llc (Mscs) is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.

Mscs, a wholly owned subsidiary of MG Colorado Holdings, Inc., offers an innovative approach to mutual fund clearing and settlement services for Banks, Broker or Dealers, Trust Companies, Third Party Administrators (TPAs) and Registered Investment Advisors. MG Colorado Holdings, Inc. consolidates Trust, Trading, and Technology under one organization with a sole focus.

MG Trust supports individual, employer-sponsored and custodial plan businesses delivered through Financial Institutions including banks, Third party administrators, financial planners and registered investment advisors, and broker-dealers. They provide these institutions with the ability to deliver a wide variety of investment options and a service to meet their clients’ needs.Mscs understands that any retirement plan recordkeeping system is only as strong as its weakest link.

Mscs’s state of the art technology combined with the power of the NSCC’s Fund, Networking and Defined Contribution Clearing & Settlement (DCC&S) products, allows them to be an industry leader in mutual fund clearance and settlement services. They have revolutionized the way mutual funds are traded and reconciled with true straight-through processing (STP) of trades.

The value of their unitization services becomes clear when you consider what occurs when mutual fund trades settle on a T plus1 basis and common stocks settle on a T plus 3 bases; this process further complicates the reconciliation process for the plan provider. MSCS provides unitization to allow retirement plan participants true same day exchanges among all the plans investment options. The best way to ensure the accuracy of any account balance and its investment return is through a daily account valuation and reconciliation process. This process is fully automated at Mscs allowing only exceptions to be evaluated. The benefits are automatic reconciliation of custodian and trust holdings to plan holdings, trade date or settlement date reconciliation, increases efficiency by eliminating the need for manual reconciliation, generates current and accurate exception reports, allows for timely intervention to address exception processing or to correct errors and omissions.

The company's goal is to have steady growth through working closely with their customers to help them succeed.
 
 

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