ADP and NewRiver ally for online investor communications

ADP and NewRiver ally for online investor communications

ADP Investor Communication Services (ADP ICS) has teamed up with Massachusetts-based outsourcing company NewRiver to provide end-to-end electronic communication services to the brokerage community.

Under the agreement, the two companies will integrate their fulfillment technologies to provide brokers with instant electronic access to investment accounts via the Internet. Firms will be provided with an electronic database of investor information such as annual reports and prospectuses, which can then be downloaded, printed out or emailed.

Larry Renfro, chairman and CEO of NewRiver, says: "When coupled with ADP's fast growing database of delivery preferences for 2.3 million investors, NewRiver's Prospectus Express will provide a complete suite of electronic and print-on-demand services that will support financial managers in providing their customers with world class service."

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