TD Ameritrade Institutional has entered into a strategic partnership with Interactive Advisory Software and Orion Advisor Services, an agreement designed to increase the number of advisers who have assets under custody with the firm.
The alliance gives affiliated advisers access to the tools of Interactive Advisory Software LLC of Marietta, Ga., and Orion Advisor Services LLC of Omaha, Neb., at a substantial discount.
Solution 360° from IAS is unified wealth management software that combines
portfolio management,
financial planning, customer relationship management, back-office services, a client access portal and re-balancing modules that are tied to a single database.
Orion Advisor Services provides comprehensive back-office systems for fee-based advisers, including database reconciliation, performance- and cost-basis reporting, statement generation and delivery, as well as billing services.
For more information visit
TD Ameritrade Institutional,
Orion Advisor Services, LLC, and
IAS online. TD Ameritrade Institutional is located in Jersey City, N.J.
Broadridge, NewRiver to deliver summary prospectus tool
The Security and Exchange Commission’s rule change that requires mutual funds to provide investors with a summary prospectus has opened up at least one business opportunity.
The Investor Communication Solutions division of
Broadridge Financial Solutions Inc. of Lake Success, N.Y., will offer Andover, Mass.-based NewRiver Inc.’s Prospectus Express and Virtual Document Warehouse products for pre-sales and first-dollar deliveries in the brokerage market. The regulation takes effect Tuesday.
Prospectus Express 3.0 is a Web-based data warehouse application used by brokerage firms, and Virtual Document Warehouse is a comprehensive database of print-ready, PDF prospectuses and supplemental documentation. Both products are updated daily from the SEC’s Electronic Data Gathering, Analysis and Retrieval system better known asEDGAR.
With Prospectus Express,
Broadridge lets clients view summary prospectuses online, and allows fund firms to provide direct links to supporting documentation from the prospectus.
“Because of the SEC’s summary prospectus rule, firms can better meet the needs of their customers by delivering prospectuses in the form and length they desire,” Russ Planitzer, chairman and chief executive of NewRiver, said in a statement. “For the industry, that means even greater cost savings through e-delivery growth and by shifting to a digital, print-on-demand model.”
Forrester of Cambridge, Mass., estimates that electronic delivery will save mutual fund organizations up to $300 million a year in printing and shipping costs.
For more information, visit
Broadridge and
NewRiver online.
