Boston Financial Data Services, Inc. Hosts Conference to Help Chief Compliance Officers Meet Due Diligence Requirements

Business Wire, Oct 21, 2005

QUINCY, Mass. -- Earlier this week, Boston Financial Data Services, Inc., a leading service provider and recordkeeper in the mutual fund industry, held its first client structured "CCO due diligence site visit." The conference, held at Boston Marriott in Quincy, provided an opportunity for more than 90 Chief Compliance Officers, along with other mutual fund professionals to discuss the many controls Boston Financial has in place as part of its transfer agency services.

The goal of the event was to provide additional support to the CCOs through a combination of facility tours, demonstrations and panel discussions. In addition, this event provided the CCOs with the opportunity to network with a large number of CCOs throughout Boston Financial's diverse client base.

"Combining this visit and our webcast, along with other web based reporting tools and face-to-face visits at our client sites, will provide our CCOs with the information and support they need to effectively report to their Board of Directors," said Paul O'Neil, Senior Director, Boston Financial.

"Our goal was to ensure that our CCOs have an understanding of the processes and controls that we have in place and can tie these procedures back to the Federal Securities Laws," said Joan Dowd, CCO Boston Financial.

Boston Financial Data Services, Inc. is one of the industry's premier third-party transfer agents and has been servicing the back-office of the mutual fund industry since 1973. Boston Financial is a joint venture between DST Systems, Inc. of Kansas City, Mo., and State Street Corporation of Boston, Mass. This partnership has enabled Boston Financial's clients to utilize DST's industry-leading software and technology while benefiting from the institutional support and global reach of State Street.

www.bostonfinancial.com