NewRiver has launched the industry’s first web-based point-of-sale tool designed to put current, fully auditable mutual fund data and prospectuses at advisors’ fingertips – enabling brokerage firms to immediately address new SEC regulations going into effect, such as changing breakpoint disclosure rules, a spokesman for the company said.
One of the industry’s largest national broker-dealers has already selected FundPOINT Desktop to measurably increase everyday efficiencies, without worrying about the quality and source of mutual fund data, the company said.
Based on NewRiver’s patented technology solution, FundPOINT Desktop gives financial advisors real-time access to the most compliant mutual fund processing rules sourced directly from the SEC’s EDGAR system.
FundPOINT Desktop provides over 200 individual data elements for every front-end loaded fund available in the United States – including Load Tables, Rights of Accumulation, Letters of Intent and NAV transfers, in addition to the account linking rules.