NewRiver, ADP Announce Alliance

Investor communications firm NewRiver and ADP Investor Communication Services, a division of Automatic Data Processing’s Brokerage Services Group, are partnering to extend NewRiver’s online document delivery system to brokers, the companies said today.

ADP Investor Communication Services, a division of ADP’s Brokerage Services Group, will begin using NewRiver’s Prospectus Express, product which allows investors to receive fund prospectuses, annual reports and other documents online.

NewRiver’s service will be offered to 140 ADP brokerage clients and will be offered as a way to cut investor communications expenses, said Gerard Scavelli, senior VP with ADP, in a statement.

For reprint and licensing requests for this article, click here.
Money Management Executive
MORE FROM FINANCIAL PLANNING