FundPOINT Desktop and Data for 529 Plans
Sell more in less time, and be more compliant
529 plans are long-term investments with advantages that are
hard to pass up including tax-free treatment, easy investing, no
eligibility restrictions, and total donor control.
FundPOINT® Desktop for 529 Plans is an all-inclusive web
application that enables advisors to:
- Get up-to-date information on thousands of investment options available to potential 529 customers
- Facilitate plan-to-plan comparisons including tax advantages of in-state versus out-of-state plans
- Conduct share class suitability analysis and fulfill the obligation to communicate correct breakpoints to customers
- Calculate fees and commissions with a single mouse click
- Provide point-of-sale disclosure using professional-grade data
Powered by FundPOINT Data – the only 529 data feed that is
updated daily at the share class level – FundPOINT Desktop for 529
Plans assures data integrity with centralized quality control and
rigorous review by audit engineers and semi-automated processes.
Who is it for?
| Sales Managers – Increase assets under management, generate quick return on investment, and retain advisors |
| Advisors – Improve productivity, eliminate paper, and gather more investor assets |
| Compliance Officers – Mitigate compliance risk with a firm-wide solution for satisfying FINRA and MSRB requirements |
| Operations Staff – Easily perform trade monitoring and verification |
| IT Managers – No need to build anything in-house – FundPOINT Desktop for 529 Plans is a plug and play utility |
NewRiver's FundPOINT® 529 Data
For financial institutions facing various challenges presented by 529 plan information, NewRiver's FundPoint 529 Data product can become an essential foundation to access accurate information from multiple sources that can be used to:
- Provide important disclosures to customers;
- Perform 529 transaction edits and supervision;
- Provide background information for completion of 529 applications;
- Calculate fees and commissions; and
- Verify breakpoints and state tax advantages.
Backed by NewRiver's process technology for sourcing 529 plan data from multiple sources, FundPOINT 529 Data offers a streamlined, centralized approach to access 56 data points for 529 plans - improving operational efficiency, accuracy, and compliance adherence.
Who is it for?
| Broker/Dealers - FundPOINT 529 Data can be used to meet MSRB disclosure requirements, fulfill their obligations to offer correct breakpoints to customers, and perform trade monitoring and verification. |
| Financial Advisors - FundPOINT 529 Data helps advisors provide accurate information to investors regarding sales loads, fee calculations, and overall 529 plan suitability. |
Program & Investment Managers - Operations staff at these firms can use FundPOINT 529 Data for trade edits, transaction processing, and supervisory filters.
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| Service Providers - Intermediaries, recordkeepers, and trust organizations need accurate plan information to help their clients perform 529 investment trading, audit transactions, correctly process trades, and calculate fees and commissions. |
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