IICC Investor Communications , a subsidiary of Automatic Data Processing, Inc., has formed an alliance with NewRiver Canada Ltd. to provide end-to-end electronic communication services to the investment community.
As part of the alliance, IICC will have exclusive use of NewRiver’s Prospectus Express Canada suite of products within the brokerage market. IICC will integrate the Prospectus Express Canada electronic service into its comprehensive fulfillment solutions.
“IICC is an industry leader in supporting regulatory reporting requirements including prospectuses and annual reports, to over 150 brokerage and mutual fund clients,” says Patricia Rosch, vice president, Sales and Marketing, IICC.
“NewRiver has developed leading-edge compliance and investor communications solutions for the fast-growing online investment business. Their solutions can save investment firms thousands of dollars in yearly distribution costs while providing investors with better access to important information about their investments. We view NewRiver’s Prospectus Express Canada as an important element in keeping IICC at the forefront of investor communications and electronic delivery.”
“This alliance is an important development for brokers who use the Internet to better serve their customers,” said Mark Weseluck, Managing Director of NewRiver Canada.
“Prospectuses, annual reports and related material are particularly well-suited to delivery through the Internet. It’s quick and easy to use for investors and enables investment firms to reduce print production and postage costs. By adding NewRiver’s electronic delivery capabilities to its existing fulfillment services, IICC will enable financial managers to offer investors a comprehensive choice for receiving and accessing investment information.”
Prospectus Express Canada is a comprehensive database of mutual fund compliance documents, such as prospectuses, annual information forms, interim and annual reports, that are sourced from the SEDAR(R)(1) database of regulatory filings. The database also can serve as the basis for print-on-demand capabilities. Firms can then offer print and e-fulfilment documents from the database on an “as needed” and “customized” basis.
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