Broadridge and NewRiver have partnered on summary prospectuses to offer clients a complete solution, with Broadridge offering print-on-demand and New River a database of digital mutual fund prospectuses and reports.
The partnership combines Broadridge’s best-in-class inventory, print, fulfillment and householding capabilities with New River’s patented electronic database to offer mutual funds the ability to reduce costs while simplifying their prospectus printing and distribution process.
“Our consistent delivery of innovative solutions has made Broadridge a leader in the financial services industry,” said Gerard Scavelli, president of mutual fund solutions at Broadridge. “Mutual fund companies only [need] to file their summary prospectuses with the SEC’s EDGAR system, and Broadridge will manage the rest of the process [so that] our clients [can] focus on core business activities and grow their businesses, while we handle the time-consumer, labor-intensive aspects of regulatory investor communications.”
This partnership on summary prospectuses is an extension of the 10 years that the two companies have collaborated on digital display and delivery of mutual fund prospectuses.