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Fact Sheet
Company Overview
Since 1987, NewRiver has assisted financial services companies in ensuring compliance, decreasing operational costs, improving employee productivity, and enhancing customer relations. NewRiver's "best-in-class" solutions for electronic compliance and intelligent document fulfillment are based on an extensive library of intellectual property; hundreds of man-years and millions of dollars invested in technology development; and, the extensive expertise of NewRiver's employees in every aspect of financial services. Through these assets, NewRiver's clients and their intermediaries are positioned to be the most competitive organizations and have the best opportunity for long-term success.
"Plug and Play" Product
As an application services provider (ASP) company, NewRiver provides a powerful array of compliance data and "Intelligent Delivery" document fulfillment services that are easy-to-use and easily integrated into your existing systems architecture with minimal training or security risk. NewRiver's flexibility enables customized solutions for specific client requirements for data feeds, systems integration, and speed of delivery.
Optimal Delivery Options
Because NewRiver is not a printer, NewRiver works with each client to provide the most optimal delivery solution for investor communications: offset printing, print on-demand (POD), CD, e-delivery, or online on custom microsites. NewRiver's portfolio-specific books and e-delivery services save client institutions much time, a large amount of money, and many trees. Additionally, NewRiver's Web-based data and desktop solutions are designed to be both comprehensive and flexible, easily integrating into any client systems architecture.
Top Tier Clients
NewRiver currently serves more than 200 top financial companies, including Allianz/USAllianz Securities; Coates Analytics; E*Trade Securities; First Allied Securities; Lincoln Financial Group; MFS Retirement Services; Park Avenue Securities, an indirect Wholly-Owned Subsidiary of The Guardian Life Insurance Company of America; Southwest Securities; UBS PaineWebber; and, Wachovia Securities.
The Bottom Line: Meeting Business Goals
Whether the goal is to improve productivity at the point of sale, operations efficiency in the back office, or ROI for the entire organization, NewRiver delivers bottom-line results by:
- providing the most-actionable information available;
- effectively streamlining processes in-house; and,
- seamlessly delivering information to your investors.
NewRiver partners individually with each of our clients to provide a set of customized end-to-end services - all of which makes your choice for meeting compliance challenges and intelligent delivery a simple one.
Headquarters
NewRiver, Inc.
200 Brickstone Square, 5th Floor
Andover , MA 01810
Phone: 800.481.2331
Fax: 978.247.7202
Website
www.newriver.com
Founded
1987
Leadership
Russell E. Planitzer, Chief Executive Officer and Chairman
David Brown, Vice President, Technology and Operations
Leonard D. Driscoll, Chief Client Officer
Jeff Levering, Vice President, Corporate Development
Alexander C. Magary, General Counsel
Rajiv Malhotra, Country Head, India
Christopher J. McMann, Chief Financial Officer
Stoddard K. Rowley, Vice President, Sales
Ownership
NewRiver is a privately held corporation.
Lead Investors
Lazard Technology Partners
FirstMark Capital (formerly Pequot Ventures)
Ironside Ventures
Products
NewRiver products are made up of three suites:
A Heritage of Achievement
Since its inception, NewRiver has been first to market with a number of business technology solutions that help meet industry compliance and client cost management goals.
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1998: Prospectus Express® |
NewRiver creates the first e-prospectus, featuring electronic "compliance envelopes" of mutual fund disclosure documents updated daily from EDGAR. |
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1999: Consent ExpressSM |
NewRiver patents the process to collect and manage consents for electronic delivery and paper suppression. |
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2001: Intelligent Delivery Services®
with Portfolio-Specific PrintingSM |
NewRiver improves digital print-on-demand (POD) with portfolio-specific printing - tailored to investor holdings -for reduced cost and better compliance. |
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2002: FundPOINT® Data |
NewRiver introduces the industry's first 100% EDGAR-based data solution set for mutual funds. |
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2004: AuditAnchorsSM |
NewRiver offers real-time auditability with dynamic data links to EDGAR-sourced documents. |
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2004: EnrollCompleteSM |
NewRiver unveils an automated publishing platform for custom print and Web communications. |
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2004: FundPOINT® Desktop |
NewRiver delivers a Web-based point-of-sale tool for mutual funds - based on current EDGAR-based documents - for improved compliance, productivity, and investor service. |
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2004: FundPOINT® Research |
NewRiver releases a Web-based library of current and historical mutual fund documents to assist with trade reconciliations, arbitration, and regulatory reviews. |
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2005: Share Class AnalyzerSM |
FundPOINT Desktop offers the first tool to help assess the appropriate share class for investors. |
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2006: FundPOINT® 529 Data |
FundPOINT Data introduces a single-source data solution to better manage multi-layered 529 college savings plan information. |
2006: FundPOINT® Data with
Market Timing Rules |
FundPOINT Data introduces an industry-only solution to help firms meet Rule 22c-2 compliance and keep current on fund company market timing policies. |
| 2007: FundPOINT® Monitor |
NewRiver offers a Web-based daily email alert and compliance information tool that tracks a firm's fund lineup and forwards branded email alerts to customers and distributors. |
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