Does Capnetix compete with TPAs and asset service providers?
NO.  We've had people ask us if we are getting into the asset servicing business.  We are NOT competing with asset servicing companies or organizations within companies.  Instead, we bring these companies new technology to help them lower costs, and provide better service their customers.  We've found that bundling Fundix transfer agency technology with other asset services creates a benefit for both the investment management firm and the asset servicing firm.