Comparing RTA Data Before and After MFD Platform Migration

Registrar and Transfer Agent data from CAMS, KFintech, and FT is the source of truth for MFD client portfolios. After migrating to a new MFD platform, you must compare the RTA data against the imported records. This is the most reliable way to verify accuracy and catch errors. Here is how to do an RTA data comparison before and after MFD platform migration.

What to Compare

Compare folio count, scheme names, units, current valuations, and transaction history for each client. Also compare the total AUM across all clients. If the new platform shows different totals, there is an issue. Common causes include missing folios, wrong scheme mapping, or incorrect unit counts.

Where to Get RTA Data

The easiest source is the Consolidated Account Statement from the RTA. It contains all folios and transactions linked to a PAN. You can also request statements directly from CAMS, KFintech, or FT. Keep the original files as a baseline for comparison.

How to Document Differences

For each difference, note the client PAN, folio, scheme, and the discrepancy. Record whether it is resolved and how. This creates an audit trail. It also helps you answer client questions if they notice a difference later. Good documentation is essential for compliance and trust.

When to Accept Small Differences

Small valuation differences may be due to timing. NAVs change daily, so comparing after market hours is more reliable. Transaction differences, however, should match exactly. A missing or extra transaction is a red flag that needs investigation.

Conclusion

RTA data comparison before and after MFD platform migration is the gold standard for verification. It gives you confidence that your client book is correct and that the new platform reflects the true portfolio positions.