Boston Financial To Provide Blue Sky Administration Services

         Boston Financial To Provide Blue Sky Administration Services

PR Newswire

QUINCY, Mass., Sept. 11, 2013

QUINCY, Mass., Sept. 11, 2013 /PRNewswire/ --Boston Financial Data Services,
Inc. (Boston Financial), a joint venture of State Street Corporation (NYSE:
STT) and DST Systems, Inc. (NYSE: DST) announced today that it is expanding
its compliance solutions by entering the Blue Sky Administration business. The
new offering helps asset management firms manage their Blue Sky requirements
and includes preparation, filing and exemption processing; as well as
customized online reporting and sales registration data.

Blue Sky laws are state securities laws that regulate the sale of securities
to protect investors from fraud. With omnibus recordkeeping becoming more
prevalent, compliance with Blue Sky laws has become more cumbersome,
increasing the likelihood of penalties and expense for asset management firms.
Since Boston Financial is a transfer agent, the company has direct access to
the sales data, helping ensure clients' compliance with state registrations as
well as their eligibility for exemptions, which can reduce registration

Craig Hollis, AML Officer and a Managing Director for Boston Financial, will
lead the business. Hollis, who brings 28 years of mutual fund experience and
previously managed a Blue Sky Administration business, commented: "Blue Sky
Administration service has always been a critical need for clients in helping
them comply with Blue Sky laws, but today clients are also seeking a more
integrated offering.

"Our all-inclusive service, combined with our direct access to the sales data
and experience in the compliance and intermediary space provides the scale and
expertise necessary to help clients meet their Blue Sky needs. Our offering
enables clients to achieve greater efficiency, oversight, and integration,
allowing them to focus on their core business."

Blue Sky Administration aligns with other state mandated and intermediary
services that Boston Financial provides today. The business, which Boston
Financial transitioned from State Street, combines Boston Financial's
compliance team and State Street's Blue Sky team providing for an integrated
service solution.

"The move builds on our long-standing relationship with Boston Financial,"
said Brenda Lyons, Executive Vice President at State Street. "The combined
talent and experience of State Street's and Boston Financial's teams offer
clients the Blue Sky processing expertise across the service chain - to add
value, meet client needs, and optimize clients' business requirements."

About Boston Financial

Boston Financial Data Services, Inc. is one of the industry's premier
outsourcing providers servicing the financial marketplace. Founded in 1973,
Boston Financial is a joint venture between DST Systems, Inc. ofKansas City,
MO.,and State Street Corporation ofBoston, MA.The joint venture has enabled
Boston Financial's clients to use DST's industry-leading software and
technology while benefiting from the institutional support and global reach of
State Street. For more information,

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers
of financial services to institutional investors including investment
servicing, investment management and investment research and trading. With
$25.7 trillion in assets under custody and administration and $2.1 trillion in
assets under management at June 30, 2013, State Street operates in more than
100 geographic markets worldwide, including the U.S., Canada, Europe, the
Middle East and Asia. For more information, visit State Street's web site at

Ann Marie Mierzykowski
Boston Financial Data Services, Inc.

SOURCE Boston Financial Data Services, Inc.

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