Products August 3, 2009

NewRiver Provides Desktop for Managing 529 Plans

NewRiver, Inc., has announced the availability of FundPOINT Desktop for 529 Plans, a single-source desktop solution for managing multi-layered 529 college savings plan information.

Reported by

FundPOINT Desktop for 529 Plans offers a centralized approach to accessing 56 data points for all 529 plans, according to an announcement. Financial advisers can perform real-time, plan-to-plan comparisons; conduct share class suitability analysis and communicate breakpoints to customers; provide point-of-sale disclosure; and instantly calculate all tax advantages, fees, and commissions.

“Broker/dealers have been asking us for an end-to-end solution that simplifies the sales process by managing the complex documentation associated with 529 plans, and helping them better serve their customers by automatically calculating the tax advantages. NewRiver is please to deliver FundPOINT Desktop for 529 Plans to meet this market need,” said Len Driscoll, chief client officer at NewRiver.

More information is available at www.newriver.com.

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Products August 3, 2009

Firms Launch Absolute Return Fund

Natixis Global Associates (NGA) has launched a multi-strategy, absolute-return fund in conjunction with AlphaSimplex Group (ASG): Natixis ASG Diversifying Strategies Fund (DSFAX).

Reported by

A news release said the fund follows a risk-managed absolute-return strategy and is managed by Andrew W. Lo. The fund is designed to provide absolute returns with diversification benefits, while also offering daily liquidity, transparency, and volatility controls.

“The largest source of risk in many investors’ portfolios is equity market risk,” said Lo. “We designed this fund to answer a broad-based need for portfolio diversification with low to negative long-run correlation to the major equity markets within a liquid and transparent mutual fund vehicle.”

More information is available at www.ga.natixis.com.

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