BNY Mellon Sumday®, a program management solution for state-sponsored savings plans, has been awarded “Best New Product Overall” in Fund Intelligence’s 2017 Mutual Fund Service & Technology Awards.
The Mutual Fund Service and Technology Awards recognize the achievements of U.S. mutual fund providers including administrators, custodians, legal specialists, accounting groups and technology providers. Its best product awards draw fierce competition across the industry.
Sumday helps states administer and grow their 529 college savings, 529A ABLE and other public-sponsored savings plans. It delivers an end-to-end solution for individual end-users, investment advisors, and plan sponsors.
“With Sumday, we have built user-friendly digital interfaces that sit on top of robust custody, record-keeping, back-end asset servicing capabilities, and customer service and support programs,” said Douglas Magnolia, Managing Director for BNY Mellon Sumday.
Sumday gives states a single point of accountability for service delivery, systems management and customer support. It includes dedicated design and development professionals who work exclusively on publicly-sponsored savings plans. They collaborate with plan sponsors to launch, customize and maintain their plans—remaining highly responsive to client needs. In addition, it also provides support to help states brand and market their plans.
“I’m proud of the Sumday team and very pleased to see them win such well-deserved recognition,” said Dan Smith, head of Asset Servicing for the Americas.
To learn more about BNY Mellon Sumday, please visit our website.