KANSAS CITY, Mo., March 19, 2014 /PRNewswire/ -- DST Systems, Inc., a global provider of strategically unified business processing, customer communications, and data management solutions, today announced a new solution for asset managers looking to grow their business in the Defined Contribution Investment Only (DCIO) market.

The new DCIO service, an enhancement to DST's well-known SalesConnect™ platform, leverages DST's experienced data management team and the industry's most accurate dealer, branch, and advisor database to help users derive insights from their DCIO sales in a cost-effective manner.

A turnkey solution, DST's DCIO service has been specifically designed to help asset managers track DCIO flows and assets, allocate resources more efficiently, and compensate sales associates with greater accuracy.

According to Rick Niedt, Director of Distributor Technologies for DST, demand for DCIO sales transparency and distribution intelligence is on the rise.

"The advisor-driven DC market is one of the fastest growing segments of all employer-sponsored plans," says Niedt, "and asset managers are coming to know that a robust data management program is essential to grow their business. SalesConnect is already the leader in providing sales transparency for the retail mutual fund industry, so we're perfectly positioned to add new capabilities specific to DCIO flows and assets."

DST's DCIO solution, which was designed in collaboration with a number of the company's client partners, is expected to be attractive to mutual fund companies that have significant DCIO assets and have little to no retirement transparency.

"In the end, it's all about uncovering sales insights from your retirement plan accounts," says Niedt. "Our solution is the single best way for asset management companies to consolidate data management functions and gain greater transparency into their retirement business."  

For more information on DST SalesConnect's new DCIO service, call 816-435-8926 or email salesconnect@dstsystems.com.

About DST Systems
DST Systems, Inc. is a leading provider of sophisticated information processing and servicing solutions to companies around the world. Through its global enterprise, DST delivers strategically unified transactions and business processing, data management, and customer communications solutions to the asset management, brokerage, retirement, and healthcare markets. Headquartered in Kansas City, MO., DST is a publicly-traded company on the New York Stock Exchange. For more information, visit www.dstsystems.com.

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SOURCE DST Systems, Inc.