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A-Team Insight Blogs

NewRiver Partners with Miningham & Oellerich

In an ongoing effort to extend the company’s compliance grade mutual fund data to all broker-dealers, NewRiver today announced a new partnership with Miningham & Oellerich (M&O), a provider of front and back office solutions for broker dealers.

NewRiver – creators of the leading central repository of mutual fund documents and data for financial services firms – will integrate FundPoint Desktop, including FundPoint Share Class Analyser, directly into M&O’s desktop portal, Serve Me! Suite. Now, mutual fund broker-dealers will have one-click access to an integrated set of mutual fund compliance data and documents which will ultimately allow them to better serve their independent investors.

By having access to NewRiver’s FundPoint Desktop, advisors using M&O’s Serve Me! Suite can sell more funds in less time and at lower cost, moving away from a costly paper-based mutual fund transaction processing model to a more streamlined electronic straight-through-processing (STP) model. This alliance will enable advisors and back office personnel to research the industry’s most accurate fund database and to take advantage of NewRiver’s FundPoint Share Class Analyser to assess the appropriate share class of funds that best meets the investor’s needs. Independent advisors will have electronic access to the same information contained in a prospectus, allowing them to research funds in real time and avoid the burden of looking through multiple pages to find what they need.

“Today, independent advisors need best-of-breed technology to maximise the time they spend with clients,” said Michael Brodeur, president of Miningham & Oellerich. “With NewRiver’s product functionality embedded right into M&O’s Serve Me! portal, advisors will be able to more easily conduct mutual fund transactions with minimal use of paper and enhanced pricing and compliance controls.”

“We’ve always been at the forefront of helping financial firms make the transition from paper to electronic disclosure while reducing compliance costs and risk,” commented Russ Planitzer, president and CEO of NewRiver. “Our partnership with Miningham & Oellerich is a great fit with our overall corporate strategy – to extextend and increase the number of mutual fund advisors who have direct access to our compliance grade data and related documents.”

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