TrustNet SmartStart Modules

One of HWA’s hallmarks is our willingness and ability to tailor our software to fit your specific needs. Over the past three decades, we have developed many different projects for our clients. Some are one-of-a-kind, and others are variations on similar requests – each with a personal slant.

Each time we approach one of these recurring requests, our knowledge and expertise in that area provides a good foundation for the new project. After the design and analysis is complete, our tools and code segments from past projects serve as building blocks for the new variations.

Below is a list of modules available to add onto the TrustNet core system as a customized solution. 

• ACH Export creates a file in NACHA standard format, tailored to the configuration requested by your bank.
   
• Advice Letters communicates transaction or trade information to the designated parties for your accounts.
   
• Automated Trading Interface streamlines the trading process with electronic files from TrustNet to your execution software and back again.
   
• Build 1099-R for EB creates 1099-R forms for situations where multiple parties are receiving distributions from one account.
   
• Common Trust Fund manages pooled funds with distributions to holders at month-end and various components for the NAV calculation.
   
• Court Reports prints account statements to fit the specifications of your local court with the level of summary or detail that you want to show.
   
• EB Recordkeeping Interface imports participant and distribution information from your third-party administrator. Distributions can be either one-time or on a recurring schedule.
   
• Export to Customer Databases sends information on trust accounts to a centralized CRM software so that your marketing staff can see information from trust and commercial account holders all together.
   
• Fees can be customized to any structure and presentation that you need. Our standard fee schedule is a good foundation on which we can build different invoice formats and other special features. An automated process can scan every account every day for available cash to pay outstanding fee balances.
   
• Import Daily Factors pulls information from a fund family (such as Goldman Sachs) or consolidated service (such as MVA) into the system for calculation of daily accrual income.
   
• Import Market Prices pulls information into the system from a custodian or consolidated service.
   
• Individually Registered Custodian/Broker Interface imports transactions, reconciles positions, and imports market prices if available.
   
• Investment Advisors Export sends information about current positions to your investment advisor.
   
• MICR Checks prints checks on plain paper for offices where each TrustNet account has a separate checking account.
   
• Modeling Interface imports trades that have been calculated by a third-party modeling software.
   
• Nightstream Controller allows certain operations to run unattended at night, with reports and spreadsheets ready for your review in the morning.
   
• Omnibus Custodian/Broker Interface reconciles positions and imports market prices if available.
   
• Pooled Fund Distributions creates book value adjustments for each pool investor in order to provide Schedule K-1 totals at year-end.
   
• Statements can be anything you dream up. We have a large collection of formats that we built to fit the preferences and styles of our clients.
   
• Tax Letter summarizes the 1099 forms with any special disclosures you want to include.

In addition to these commonly developed projects, we have extensive experience in writing custom programs. Our custom development service includes:

• communication with technical staff at the partner company
• assistance with analysis and design
• software development
• helping your staff with procedures for the new program