Unitrax - A Leading Wealth and Asset Management Platform in Canada Unitrax, a SaaS-based transfer agency record-keeping suite, is a flagship product of LTM Financial Services Technologies Inc., a wholly-owned subsidiary of Larsen & Toubro Infotech. This platform is one of the leading wealth and asset management solutions in Canada, with Assets Under Administration in excess of CAD $1 Trillion. Unitrax is designed specifically to cater to the intricacies of the Canadian investment fund industry. It offers best-in-class administrative services, transfer agency capabilities, and investor record-keeping flexibility to fund manufacturers, carriers, and asset managers. This solution enables asset managers and insurance organizations to maintain their product shelf, client records, regulatory and legislative obligations, while lowering operational costs and improving efficiency.
Unitrax is a Canadian-hosted Software-as-a-Service (SaaS) platform, allowing users to access and use the software without investing in hardware and maintenance support, or licensing fees for operating systems and database software. Operating remotely across multiple locations, Unitrax administers millions of dollars in assets for many of the largest banks, insurance wealth carriers, and asset managers in Canada. Unitrax addresses the record-keeping needs across a wide spectrum of products in a single record-keeping platform, including Mutual Funds, GICs, Hedge Funds, Alternative Investments, Institutional Funds, and Insurance Wealth Products. It supports various investor types, account types, and plan types, offering a flexible, table-driven setup for management and advisory fees, commissions, service fees, and deferred sales changes. Automated processing of systematic plans, household mailing functionality, online address and postal code validation against the Canada Postal Code database, and comprehensive and flexible user entitlement and security structure are some of the key features of Unitrax. It also provides reports and extracts to assist with client identification and anti-money laundering compliance regulations.
Unitrax maintains compliance with the regulations of governing bodies and legislations such as CRA, MRQ, FATCA, OECD CRS, MFDA/AMF, IIROC, OSFI, CCIR, and conforms to Fundserv’s industry standards. It offers a broad range of comprehensive operations and client reporting capabilities, available with or without automation. The platform is highly scalable, with industry-leading infrastructure located in state-of-the-art secure data centers in Canada. Unitrax designs innovative wealth products with a team that understands the industry, offering a rich suite of product features and compensation models. Unitrax offers several benefits, including reduced time-to-market and costs for new product launches and updates, leveraging its comprehensive existing functionalities and highly configurable architecture. It also offers a disaster-recovery program, adding further protection against an intra-day data loss through its high availability option. The platform is continuously upgraded, with investments made into its product ecosystem for the next generation of back-office operations. This includes integrated solutions for case management workflow, self-service data and analytics, and investor/advisor web portals. Unitrax has an innovation focus to drive new solutions that improve straight-through processing and operational efficiency, leveraging a diverse set of technologies, including Intelligent Automation (IA) with RPA, OCR/ICR, Cognitive, and new UX tools.
In conclusion, Unitrax is a proven leader in the Canadian financial services sector, addressing the record-keeping needs of various financial institutions across a diverse portfolio of wealth products. It offers a range of benefits, including reduced operational costs, improved efficiency, warranted compliance, stability and scalability, and continuous upgrades to its platform.
