Trust IS™ has a number of features that may not be found in trust accounting systems offered by vendors who cater exclusively to conventional trust operations. TSCI, Inc. specializes in customized trust industry applications and provides considerable integration and functionality for trust related recordkeeping services such as employee benefit trust (EBT) accounting, individual retirement accounts (IRA), and court accounting for estates and quardianships.
All investment related transactions can be accessed with either CUSIP Number or Ticker Symbol.
Supports a wide variety of cash sweep and sub-accounting methods including separate principal and income sweep funds, threshold sweeps, and special overdraft rules.
Ability to segregate reports by trustee tax ID number, department and trust account number. Provides the capability of running multiple banks and/or departments within the same numbering scheme.
Trust IS™ supports "life style" or strategy trading portfolios so that new money can be invested according to a pre-determined plan.
History is maintained on-line forever if you want it. This makes it possible to reconstruct any prior period report. History can be purged selectively by account.
Trust fee capability includes base, breakpoint, per transaction, per asset type, minimum and income percentages.