NewRiver
HOME   |   CONTACT US   |   SERVICES PORTAL   |   WRP CLIENT LOGIN
News & Events
Press Releases
Media Contacts:
Chris McCoin or Richard Smith
McCoin & Smith Communications Inc.
508-429-5988 (Chris) or 978-433-3304 (Rick)
chris@mccoinsmith.com
rick@mccoinsmith.com
NewRiver Extends Compliance Coverage to Retirement Shares

NewRiver, Inc. has enhanced its comprehensive FundPOINT Data product to include complete coverage of retirement fund classes.

Andover, MA - January 19, 2006 - NewRiver, Inc. the leading expert in compliance technology and disclosure for mutual funds has enhanced its comprehensive FundPOINT Data product to include complete coverage of retirement fund classes. These investments, frequently identified by the category "R - Class," are expected to receive above average inflows as investors focus more intently on accumulating retirement savings. There are over 1,000 funds in this category, many of which offer a waiver of front load charges when used in retirement plans. Fund distributors can now provide the same high level of disclosure to investors for these shares based on NewRiver's industry-leading compliance data offering, including fees, expenses, rights of accumulation and market timing rules.

Jeff Levering, Managing Director of Product Development at NewRiver, expects strong interest in this expansion of their compliance coverage, both as an aid to advisors at the point of sale, and for accurate processing of transactions in these funds after the fact. "Short term trading in retirement plans is a particular concern of our clients," said Mr. Levering, "and they value the fact that our market timing rules and other compliance information comes directly from EDGAR (Electronic Data Gathering, Analysis, and Retrieval System), and is updated daily."