Importance

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Abstract

The invention provides a system and device for integrating and structuring the relationships of a financial services provider (FSP) with its clients and with third parties (counterparties) with which the FSP transacts business. Preferably, each entity with which the FSP transacts business, preferably also including entities internal to the FSP, is assigned a unique, non-intelligent identifier (CCID), and a relationship is established between each identifier and at least on other entity likewise identified. The system allows the FSP's users to seamlessly access information and transact business with all entities regardless of whether such entities are clients or third party providers (such as money managers). The system can be implemented on a network system. The system preferably also includes a library by which documents required for a particular transaction or account are associated with the entity(ies) engaging in such transaction or for which the account is generated, and also preferably a tracking system for assuring that required documents are forwarded when necessary and executed and returned as required.

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First Claim