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About Automated Business Development
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Founded in 1985, Automated Business Development (ABD) helps mutual fund companies navigate through the complexities of Blue Sky. Through its ClearSky service, Blue Sky technology and Advertising Review Solutions, ABD has become the leader in state regulatory compliance solutions for the securities industry. ABD was established in response to the unprecedented growth of the mutual fund industry and the need for a better way to deal with Blue Sky state securities compliance issues. ABD developed the software that took Blue Sky compliance from a manual to an automated procedure, creating a process that quickly became the industry standard. ABD's technology solutions continue to focus on implementing new approaches and efficiencies in Blue Sky compliance and related areas. In 1994, ABD further expanded its operations and industry presence by adding the ClearSky service. With ClearSky, ABD could offer companies a viable outsourcing alternative to in-house Blue Sky departments. ClearSky's explosive growth in the next few years created a need for increased technological capabilities to serve its clients, prompting the use of BlueLink research and development resources. Today, ABD's combined client base is 75% of the $8 trillion in mutual fund assets. In May of 2000, Automated Business Development Corporation was acquired by PFPC Worldwide Inc., a division of PNC Bank. In January of 2004, ABD merged with PFPC. Today ABD, as a line of business at PFPC Inc., a member of The PNC Financial Services Group, remains committed to providing the most comprehensive compliance services to the securities industry. In 2006, PFPC launched the Advertising Review Solutions, an online compliance system that assists broker/dealers and mutual fund companies in increasing the efficiency of their NASD (private sector securities regulator) advertising compliance process by providing a secure, online capability for the review and annotation of advertising and marketing pieces. | |||||