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Consent Express
A leading solution for electronic consent collection, archiving, and management
- A secure, turnkey investor consent collection solution
- Meets all E-SIGN and regulatory requirements with patented processes
- Web-based ASP solution with minimal deployment requirements
Overview
NewRiver's Consent ExpressSM provides an online interface for financial services firms to collect consent information from their investors for electronic delivery of account statements, trade confirmations, tax documents, prospectuses, shareholder reports, and other legally required documents. Our turnkey solution allows you to quickly and easily implement electronic communications, lowering compliance communication costs and offering greater convenience to investors who increasingly prefer to receive their investment documents online.
Only NewRiver has a patent-protected process1 to gather, store, and manage electronic consent for the electronic transmittal of financial disclosure documents. And, as the inventor of the industry's first electronic prospectus database (Prospectus Express ®), only NewRiver has the combination of compliance expertise, technological savvy, and patented processes to offer a truly compliant, secure, and scalable solution.
A comprehensive e-solution, Consent Express supports the entire workflow required to collect, store, and update investors' document delivery preferences:
| Hosted Website |
A website branded to client specifications that displays required consent disclosure information and enables investors to view and change their document delivery preferences. |
| E-Confirmations |
A client-branded email is sent to each investor that has consented to confirm that a valid email address has been provided, and that the investor is able to access and view documents in the client-specified format (e.g., HTML, PDF, etc.). |
| Consent Database |
All investor consent information is stored in NewRiver's proprietary electronic database. This database can be supplemented with client-supplied consent information and can update consent information within a client's internal systems. |
1Consent Express is protected by U.S. Patents 6,782,506 and 7,028,190, which can be reviewed on the U.S. Patent and Trademark website at www.uspta.gov.
Consent Express Workflow: A Transparent, Cost-Effective, Convenient Process
After consenting to e-delivery, investors go to your branded website to conduct financial transactions online and receive any required disclosure documents via email. The end result is convenience for your investors and cost savings for your firm.
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Who's It For?
E-SIGN (Electronic Signatures in Global and National Commerce Act, enacted 6/30/2000), requires businesses to obtain electronic consent or confirmation from consumers before sending legally required disclosure documents electronically (in lieu of the traditional "hard copy" format). Also, the consent must be obtained in a manner that reasonably demonstrates that the consumer can access information in the electronic form that will be used. NewRiver's patented process meets this requirement for both HTML and PDF documents.
Broker/dealers, individual variable annuity providers, and retirement plan providers offering e-delivery services are all subject to E-SIGN requirements, as well as industry regulations. Consent Express is an optimal solution for these financial services firms.
Coverage
Consent Express can be used with all investor communication documents, including:
- Statements
- Trade confirmations
- Tax forms
- Prospectuses and supplements
- Shareholder reports
- All other documents required by law
Key Features
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Compliance Guarantee |
- E-SIGN Compliant - Consent Express is designed to meet all of the requirements of E-SIGN, including disclosure information display, electronic consent collection, and verification of document access capabilities.
- Proactive Regulatory Review - NewRiver continuously monitors compliance and regulatory changes, ensuring Consent Express remains compliant.
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Quick Implementation |
- Web-Based ASP Solution - Consent Express requires minimal programming, no software or hardware expenditures, no maintenance, and no data archiving by the client.
- Seamless Integration - Consent Express can be custom-branded to integrate seamlessly with the client website to be transparent to investors.
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Patent Protection |
- Issued U.S. Patents - The workflow used by Consent Express to collect investor consent is covered by U.S. Patent 6,782,506, titled "Obtaining Consent for Electronic Delivery of Disclosure Documents," and U.S. Patent 7,028,190, titled "Method and System for Electronic Delivery of Sensitive Information."
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