First Data Corp.'s mutual fund and distribution services unit has taken on two new clients, Edward Jones & Co. and ADP Brokerage Services Group.

Edward Jones, the St. Louis-based retail brokerage, had been a client of Funds Associates Inc., a Berwyn, Pa., data management company bought in September by First Data Investor Services Corp. In March the brokerage started using First Data's mutual fund shareholder accounting system, called Surpass, for transfer agency and subaccounting support.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.