KANSAS CITY, Mo., July 7, 2015 /PRNewswire/ -- DST, a global provider of strategically unified data management, business processing, and customer communication solutions, today announced the roll-out of DST AltServe(TM), a web-based account onboarding, trading, and servicing platform for retail alternative investment vehicles.

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Engineered to provide broker-dealers a complete servicing solution, AltServe offers electronic alternative account opening with straight-through processing to the product manufacturer, an automated business rules engine, and oversight tools for the home office.

According to Robyn Holloway, Vice President of DST's Alternative Investment Solutions, AltServe represents a giant step forward by easing the burden of processing transactions.

"While alternative products have steadily increased in popularity with financial professionals and investors, the increased demand for these products has created extreme inefficiencies and compliance concerns for the custodial platforms," says Holloway. "AltServe solves many of the service and support challenges broker-dealers are facing when advisors allocate alternatives to their clients' portfolios."

In addition to a dashboard to track real-time progress and business process services to manage workflow, the DST AltServe solution includes:


    --  Easy-to-use account opening and servicing dialogue designed to reduce
        time, minimize manual effort, and mitigate errors,
    --  Automated "Know Your Customer" and suitability checks designed to ensure
        advisors improve the relationships with their clients,
    --  Integrated review and release function to improve pre-trade oversight,
        and
    --  Access to the subscription document with fully integrated electronic
        signature with the goal of reducing costs and processing time.

"Traditional trading and servicing of alternatives is time consuming, involves manual effort, and can place firms at risk," says Holloway. "AltServe addresses each of these issues and puts greater control in the hands of advisors working with their clients. We believe it's the solution the industry has been waiting for."

Currently in pilot testing with one of the industry's largest broker-dealers in the alternative products space, AltServe will be available to the broad marketplace in July. For more information, contact Robyn Holloway at 646.417.3120 or rlholloway@dstsystems.com.

About DST
DST Systems, Inc. is a leading provider of sophisticated information processing and servicing solutions to companies around the world. Through its global enterprise, DST delivers strategically unified transactions and business processing, data management, and customer communications solutions to the asset management, brokerage, retirement, and healthcare markets. Headquartered in Kansas City, MO., DST is a publicly-traded company on the New York Stock Exchange. For more information, visit www.dstsystems.com.

Media Contact:

Laura M. Parsons
DST Global Public Relations
816.843.9087
mediarelations@dstsystems.com

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SOURCE DST Systems, Inc.