The brokerage services division of
ADP Brokerage Services Group said its decision will help clients remain compliant with the requirements put forth by the
The addition to the Mutual Fund Routing System (MFRS) will allow brokers to enter "what if" scenarios that can be delivered to investors before an investment is even processed.
"The enhancement of MFRS to include automated processing provides brokers with information they need to determine the best investment for their customer and to provide full disclosure of the sales charges associated with the transaction," said Senior Vice President Marianne Brown.
Officially, ADP calls the enhancement a "rights of accumulation" adherence, following the verbage given by many mutual fund companies when speaking of breakpoint discounts.
