Financial Research Corp. has selected NewRiver’s FundPOINT Data for 529 plans to provide better analysis for investors and advisers, including information on fees, commissions, breakpoints, tax advantages and open architecture.
Because NewRiver updates 56 different data points related to every plan from all states and issues daily reports, FRC customers will be able to get richer reporting and analysis on both adviser- and direct-sold 529s, FRC said. There are more than 4,500 investment options in more than 110 state plans.
“Using FundPOINT 529 data, our customers will now be able to get richer analysis and more detailed reporting on these plans,” said Larry Petrone, director of research at FRC. “In this rapidly evolving industry, this relationship greatly enhances our existing repository of 529 data by providing the most up-to-date information on fee structures and underlying investment options.”