Wachovia Securities signs for NewRiver FundPoint Data system
NewRiver, Inc., the leading expert in compliance data technology, today announced that Wachovia Securities, LLC, the nation's third largest full service retail brokerage firm, has selected NewRiver's FundPOINT Data solution for its mutual fund trade verification systems.
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"NewRiver has the only data feed that consistently sources mutual fund data from SEC EDGAR mutual fund filings," said Melinda Warren, Assistant Vice President, Compliance Control Manager, Packaged Products. "With daily updates, we are able to offer another layer of support to ensure our investors receive the most accurate and current mutual fund rules." FundPOINT Data uses NewRiver's patented process technology for capturing all pertinent daily filings in the SEC's EDGAR system.
"We are extremely pleased to have Wachovia Securities as a new client," said Roland Beaulieu, NewRiver's President and CEO. "There is a clear need across the mutual fund and financial services industry for timely and accurate data. Wachovia's decision to select FundPOINT Data, based on our patented processing ability to source data directly from EDGAR and to provide daily updates, validates that NewRiver is uniquely positioned with the most-accurate and timely data-feed solution available."