State Street Research & Management Co. of Boston has upgraded its website to allow shareholders to make purchases online.
Shareholders now can make additional purchases of shares through the website, but will have to pay a sales charge for the transactions, said Robyn Tice, a State Street Research spokesperson. Initial purchases must come through an intermediary and may not be made directly online, Tice said.
State Street Research announced the upgrade in its website last week. The website was able to process online transactions as of Jan. 1, Tice said.
The State Street Research website previously provided information such as prospectuses and forms, Tice said. In addition to conducting transactions, shareholders online now can view account statements, redeem up to $25,000 in fund shares and change their addresses, the company said.