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FundPOINT Data
Compliance Grade data sourced from SEC filings - now with more data points!
- Covers all 23,500 U.S. open-end funds (i.e., load and no-load)
- Receives daily EDGAR updates to ensure data is Compliance Grade
- Now includes 349 data points (20% more data points) – including specialty data packages for market timing rules, 529 plans, and retirement services
- Feeds directly into back-office transaction processing and compliance-related application
Overview
FundPOINT® Data - the only data solution to source mutual fund data from SEC filings on EDGAR - offers 349 individual data elements including:
- Sales loads and Net Asset Value (NAV) waivers
- Share class maximums and investment minimums
- 22c-2 frequent trading (e.g., market timing) rules, fees, and waivers
- Family and account linking rules
- Fund fees and expenses
- Rights of Accumulation options
- Letter of Intent options
- Share class eligibility rules
- Fund management and governance
NewRiver FundPOINT Data is powered by NewRiver's patented process technology, which offers the unique ability to provide Compliance Grade data for 349 individual mutual fund data elements. Compliance Grade means that NewRiver sources the data directly from fund filings in the SEC's EDGAR database. NewRiver has well-established automatic systems and processes that source every U.S. open-ended mutual fund in the EDGAR database and that perform updates daily. As a result, NewRiver FundPOINT Data is consistent with the most current data in the most current filings stored on EDGAR.
While alternative sources of mutual fund data exist, none offers NewRiver's wide and deep coverage of truly compliant mutual fund data:
- FundPOINT Retirement Focus Data - This new data package helps retirement plan service providers ensure quality mutual fund transactions and gain a competitive advantage over their competitors. FundPOINT Retirement Focus Data offers better fund filtering and selection, as well as more rigorous disclosure of fund fees and expenses.
- FundPOINT Market Timing Data - NewRiver FundPOINT Data includes the industry's first solution with key market timing rules, enabling clients to easily manage the multitude of new frequent trading policies for every fund they offer. FundPOINT Market Timing Data includes 50 data points and is the most comprehensive and accurate market timing mutual funds rules resource available.
- FundPOINT 529 Data - Participation in 529 plans has soared since federal tax benefits were made permanent under the 2006 Pension Protection Act. Assets held in 529 plans are expected to more than double in teh next five years – eclipsing $350 billion (source: Financail Research Corp.). FundPOINT 529 Data provides a single-source solution to capture multi-layered 529 college savings plan information and simplify sales for financial advisors in this lucrative market.
NewRiver FundPOINT Data is operations-ready to feed into a variety of back-office transaction processing and compliance-related applications. And FundPOINT Data is "price flexible" to help clients ensure best practic compliance while meeting budgetary needs.
Who's It For?
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Brokerage Firms |
Delivers Compliance Grade mutual fund data, including the latest disclosure information and market timing rules, for all U.S. open end funds that a brokerage firm offers.
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Retirement Plan Providers |
Provides comprehensive mutual fund information including share class eligibility, fee information and redemption fee waivers, CDSC waivers and more to help retirement plan providers add value to their downstream customers.
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Service Providers |
Allows intermediaries, record keepers, and trust organizations to provide accurate fund information to their many clients to help in trade verification and to monitor fee specifics for mutual fund transaction processing.
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Insurance Companies with
an Advisor Network |
Provides easy access to the latest mutual fund and market timing rules for the funds an insurance company's advisor network sells, helping to ensure compliance and shorten the sales cycle. |
Coverage
- All U.S. open-end mutual funds
Key Features
EDGAR-Sourced
Data Feed |
- Compliance Grade Data - Powered by NewRiver's patented process technology, FundPOINT Data is the only data feed solution that accurately reflects the prior business day's SEC filings on EDGAR.
- Full Coverage of U.S. Funds - With over 23,500 individual funds, including all load and no-load share classes, FundPOINT Data provides total coverage of the funds offered by brokerage firms, retirement plan providers, service providers, or insurance companies with advisor networks.
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Flexible Pricing and
Data Packages |
- Choice of Bundled Data Packages - NewRiver provides a tiered set of mutual fund data packages suited to a variety of client budget and specific data needs.
- Choice of Specialty Data Packages - NewRiver also provides a choice on targetted "industry-best" data packages focusing on market timing rules (Rule 22c-2 compliance), 529 plans, and retirement.
- Flexible Pricing - Pricing is available based on a variety of pre-determined data packages or on a per-CUSIP basis for broader or more custom data needs.
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| Easy to Deploy |
- Operations Ready - FundPOINT Data is organized into a standard set of common definitions that easily integrates with nearly any client information system.
- Flexible File Formats - For systems providers requiring a proprietary file format, NewRiver custom translates FundPOINT Data files to match any target specification.
- Quality Customer Service - After implementation, NewRiver's Customer Support and Customer Care programs provide technical support and assistance to ensure ongoing, responsive customer service.
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| Expandable |
- Scalable Solution - With complete fund coverage, FundPOINT Data easily integrates new proprietary and third-party funds when a firm expands their fund lineup.
- Add-On Analytical Tools - NewRiver FundPOINT Desktop accelerates data assimilation via AuditAnchors, linking key data elements to their exact point of origin in the current fund filings.
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