Why Are You Paying For A Financial Services Transfer Agency Company? As a consultant in the IT Database world, I was once hired by boutique financial services company in Massachusetts who performed what is called Transfer Agency & GTC services. As much as I loved the money that I earned there I could not understand why any company would pay for services to transfer trades from their made up and sometimes registered funds for retirement to the actual investable market funds and pay a separate company to do it. First it may have to do with trust by having a go between to track all trades and then the resulting prices that either rise and fall with the market. Second, it could be that it's just not worth their time to do this work because its just the ability to track what each participant paid into the fund, where the money is split by percentage, and where it ends up so in 20 to 30 years, there is a pool of dollars the participant can now pull out. A friend ...
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