Investment Support Services definition
Investment Support Services means any service or product offered by the Target Businesses during the calendar quarter ended March 31, 2007, including deposits or investment products or services, or any substantially similar or substitute service or product offered by Buyer or any of its Affiliates after the Closing; provided, that Investment Support Services shall not include any Self-Directed Brokerage services for 401k plans, Designated Brokerage Services or application service provider services to 401k third-party administrators and custodians. IRPS Business: the business of providing (i) back office services (including, without limitation, asset custody, directed trustee services, online transaction processing and client reporting services) for daily valued, defined benefit and defined contribution retirement plans and (ii) trustee and administrative services to collective investment funds, in the case of each of clauses (i) and (ii), as conducted by Target Company as of the date hereof; provided, that the IRPS Business shall not include the balance forward business, the daily valuation business or the business of servicing of health savings accounts. IRS: the United States Internal Revenue Service.
Examples of Investment Support Services in a sentence
Ø Review and prepare compliance manuals for single and multiple fund families Ø Attend Board meetings and present materials and provide compliance advise to the Board Vice President, Investment Support Services 4 years Responsible for managing all back-office operations of the investment management strategic business unit, managing approximately $14 billion of invested assets and net investment income of $825 million.