Boston Financial is an established and progressive leader in the rapidly expanding financial services industry. Boston Financial provides state-of-the-art automated shareholder recordkeeping and account processing services to some of the largest mutual fund management companies in the industry. Boston Financial Data Services (Boston Financial) was established in October of 1973 as a corporate joint venture of State Street Corporation and DST Systems, Inc.

Boston Financial has experienced tremendous growth since its inception. In 1973, the company consisted of eighty-two associates servicing thirty-two mutual funds. Today, Boston Financial employs over 3,800 people of which over 2,000 are in the Boston area and boasts a client base of over 11 million shareholder accounts. This positive incline is a direct result of our commitment to consistently exceed customer expectations. The continued growth of our mutual fund business allowed us to leverage our core competencies and diversify into other distinct business areas: Cash Management, Defined Contributions, Teleservicing, Offshore, Stock Transfer and Class Action Processing.

Cash Management uses advanced comprehensive technologies to reduce mail and processing time, maximize cash productivity and expedite deposit remittances.

Defined Contributions offers integrated 401(k) recordkeeping and plan administration called TRAC2000. TRAC2000 provides the defined contribution industry's only fully integrated, daily valued solution for turnkey support. It allows financial clients to offer comprehensive 401(k) products that incorporate their own funds with our customized marketing materials and prototype plan support...without adding infrastructure.

Teleservicing is designed to provide clients with the flexibility to extend their hours as needed and also trains representatives to integrate into sales, marketing, and/or shareholder coverage. To supplement the transfer agency services, Boston Financial provides teleservicing, fulfillment and marketing database systems exclusively to the financial services industry.

Corporate Stock Transfer In 1995 Boston Financial merged our Corporate Stock Transfer business with Bank of Boston in order to form EquiServe.

Offshore Due to the great demand for service of offshore mutual funds, Boston Financial has, in recent history, expanded beyond U.S. borders. In 1994, Canadian Financial Data Services, Limited (CFDS) was established in Toronto to service Canadian mutual fund clients. CFDS currently services nearly 20 mutual fund clients with nearly 300 funds. In 1995, European Financial Data Services (EFDS) was formed in the United Kingdom to satisfy the demand in the European market. Since its introduction, EFDS has grown into a business that services 15 U.K. unit managers and over 1.5 million unit holders. They are now the leading providers of unit trust recordkeeping. As part of EFDS' business strategy, they recently completed the development of a global mutual fund record keeping system (FAST2000), which will further differentiate EFDS from its U.K. competition.

Class Action Processing In the past several years, class actions have increased significantly in the insurance industry, affecting dozens of companies and millions of policyholders. As a result of our comprehensive industry and recordkeeping experience, we've managed some of the largest, most complex class actions of the last several years.

Boston Financial Data Services is located in Quincy, Braintree, and Canton, Massachusetts, as well as, Providence, Rhode Island.