Boston Financial Data Services, Inc.

Overview

Boston Financial Data Services, Inc. (BFDS) is a leading player in the financial services industry, providing cutting-edge automated shareholder recordkeeping and account processing services to some of the largest mutual fund management companies in the market. With a rich history dating back to its establishment in 1973, BFDS has grown exponentially over the years, solidifying its position as a progressive leader in the industry.

One of the key factors that sets BFDS apart is its strong foundation as a corporate joint venture of State Street Corporation and DST Systems, Inc. This strategic partnership was formed in response to the growing demand from mutual fund customers for an East Coast servicing facility and a single contractual relationship with a bank for custodial and transfer agency services. This unique structure allows BFDS to leverage the expertise and resources of its parent companies, ensuring that it remains at the forefront of innovation and industry best practices.

Headquartered in Quincy, Massachusetts, BFDS operates functional sites in Marina Bay, Braintree, and Canton. As a privately held company, BFDS boasts an impressive client base of over 20 million accounts, making it a trusted partner for mutual fund management companies across the country. With over 2,000 employees in the Boston area alone, BFDS is a major employer in the region, offering a wide range of career opportunities for professionals looking to make their mark in the financial services industry.

Working at BFDS can be an exciting prospect for employees for several reasons. Firstly, the company's commitment to exceeding customer expectations is a driving force behind its success. This dedication to delivering exceptional service and value to its clients creates an environment where employees are constantly challenged to innovate and find new ways to enhance the customer experience. This focus on customer satisfaction not only ensures the continued growth and success of BFDS but also provides employees with a sense of purpose and fulfillment in their work.

Furthermore, BFDS's position as a leader in the financial services industry means that employees have access to cutting-edge technology and resources. The company's state-of-the-art automated shareholder recordkeeping and account processing systems enable employees to work efficiently and effectively, streamlining processes and reducing the risk of errors. This commitment to technological advancement not only benefits clients but also empowers employees to perform at their best, fostering a culture of innovation and continuous improvement.

In addition to its technological prowess, BFDS also values the professional development and growth of its employees. With a diverse range of career opportunities available, employees have the chance to expand their skill sets and take on new challenges. BFDS offers comprehensive training programs and encourages employees to pursue further education and certifications, ensuring that they are equipped with the knowledge and skills needed to excel in their roles. This commitment to employee development not only benefits individuals but also strengthens the overall capabilities of the company.

Moreover, BFDS recognizes the importance of work-life balance and employee well-being. The company offers competitive compensation packages, including generous benefits and flexible work arrangements, allowing employees to maintain a healthy work-life balance. Additionally, BFDS fosters a supportive and inclusive work environment, promoting diversity and collaboration among its employees. This commitment to employee well-being creates a positive and engaging workplace culture, where employees feel valued and motivated to contribute their best.

In conclusion, working at Boston Financial Data Services, Inc. offers employees an exciting opportunity to be part of a progressive leader in the financial services industry. With its strong foundation, impressive client base, and commitment to exceeding customer expectations, BFDS provides employees with a challenging and rewarding work environment. The company's focus on technological innovation, employee development, and work-life balance further enhance the employee experience, making BFDS an attractive choice for professionals looking to thrive in the financial services industry.