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A-Team Insight Blogs

Top Broker-Dealers Choose DPC Data’s MuniPoints To Streamline Compliance While Improving Client Service

DPC Data, a provider of municipal bond disclosure data, research and data services, today announced that six top-tier and large regional broker-dealers and wealth management firms have adopted MuniPoints for rapid bond research and disclosure to investors. In an average week, tens of thousands of MuniPoints summaries are being accessed by dealers and risk managers to rapidly identify deal terms, determine risk profiles, and communicate disclosure information to clients prior to sales. Currently, over 40,000 individual reps have access to MuniPoints through their real-time offering systems.

MuniPoints is the fastest way to obtain key bond facts. Available online or easily integrated into proprietary workflow and client communications, MuniPoints are concise, easy-to-read deal summaries containing “just the facts” in bullet-point text, excerpted directly from the official statements with no analytical content. When e-mailed by dealers to clients with embedded links to all related disclosure documents, they make a clear statement that the dealer cares enough to make point-of-sale research easy and fast for clients.

“It is clear now after the MSRB’s July interpretive Notice 2009-42 and increasing enforcement efforts by Finra, broker-dealers need a better way to meet their disclosure obligations to investors and establish clear internal procedures to support compliance,” said Peter Schmitt, CEO of DPC Data. “MuniPoints, especially when combined with built-in access to relevant disclosure documents, addresses these challenges in a simple and convenient way. It cuts cost and time for the broker-dealer, and it makes the rep look very smart when provided to clients as a pre-sale disclosure package.”

New users of MuniPoints include four of the top ten dealers in municipal bonds, as well as two large regional dealers and wealth management firms with operations from coast to coast.

“MuniPoints is a perfect win-win for the broker-dealer community,” notes Michael Ruvo, president of DPC Data. “We’re seeing extraordinary interest from both traditional and online brokers. One of the large national broker-dealers has reported back to us that MuniPoints significantly reduced time required to select suitable investments for clients and virtually eliminated the effort involved in preparing a pre-sale disclosure package for the client.”

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