Contact us

Unitrax® Features and Functions

Unitrax® provides a comprehensive suite of features and functions to support your existing product offerings, and enables you to quickly go to market with new products through the activation of modules that support various account types, products and product features.

Unitrax® facilitates seamless integration with Fundserv and Myserv, simplifies asset allocation and rebalancing and group plan administration, and improves visibility into management fees, rebates and negotiated advisory fees.

It comes with auto-switching and household asset tiering capabilities, and enables multiple systematic plan options for all-encompassing transfer agency record-keeping capabilities. Further, the platform bolsters federal and provincial tax reporting to boost regulatory compliance.

The platform streamlines the administration of a wide range of investment vehicles such as:

  • Mutual Funds
  • Guaranteed Investment Certificates (GIC)
  • Daily Interest Investments (DII)
  • Segregated Funds
  • Payout Annuities
  • Guaranteed Withdrawal Benefits (GWB)
  • Guaranteed Investment Accounts (GIA)
  • High Interest Savings Accounts (HISA)
  • Labour Sponsored Funds (LSIF)
  • Pooled Funds
  • Linked Notes
  • Limited Partnership

It supports multiple account types, allowing you to cater to a larger market base. These include:

  • Cash
  • Tax-Free Savings Accounts (TFSA)
  • Registered Retirement Savings Plans (RRSP)
  • Registered Retirement Income Plans (RRIF)
  • Locked-In Retirement Accounts (LIRA)
  • Prescribed Registered Retirement Income Funds (PRIF)
  • Restricted Locked-In Income Fund (RLIF)
  • Registered Disability Savings Plan (RDSP)
  • Registered Education Savings Plan (RESP)
  • Individual Pension Plans (IPP)
  • Registered Pension Plans (RPP)

The platform has been built for 360-degree administration of segregated funds. It accelerates deposit-, contract- and account-based maturity processing and death processing, and handles Death Benefit Guarantees (DBG), Deposit Maturity Guarantees (DMG) and guarantees based on account type and annuitant age effectively. Unitrax® enables notional distributions and helps fund managers differentiate between commissionable and servicing agents for an account to better distribute commissions and exercise control. Moreover, it automates forecasting and top-up calculation in case of renewals and maturation to enhance accuracy and reduce turnaround time. Unitrax® also allows fund administrators to perform final age resets manually or automatically.

In case of Guarantee Investment Accounts (GIA), Unitrax® validates annuitant age with respect to deposits, and supports various rate types. These include promotional rates with rate banding, special rates with reason and user tracking, rates depending on interest frequency and term length, and multiple rate frequencies with systematic loading. The platform eases the payment of accrued interest upon maturation, and supports early redemption through market value adjustments. Unitrax® also allows users to define the term length, select default and custom certificate redemption orders, and automatically accumulates assets to be transferred to the GIA.

Unitrax® has proven capabilities to support a wide gamut of annuity types – single life, joint life, term certain, bridge and impaired. It comes with configurable parameters to allow fund manufacturers to maintain purchase information in a specific format. The platform has built-in, robust indexing capabilities that can used to extract records for a user-defined date promptly upon request. Users can configure periodic payment instructions easily, and process death claims based on actuarial-calculated death benefits payout amount in a quick and effective manner. Unitrax® also provides for co-mingling of annuities with segregated funds to boost operational transferability and improve asset retention. Furthermore, it allows bulk upload of accrual taxation details and aids reporting based on the source of the funds – registered or non-registered.