The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Do You Know What an RSS Feed Can Do For You? Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, June 29, 2006

Do You Know What an RSS Feed Can Do For You?

Reported by Monica Schulz

Forward-looking mutual fund wholesalers will soon be able to tout a web-based communication product that could replace old school methods of communication between fund firms, advisors and clients.

Real Simple Syndication (RSS) -- a service that allows continuous updates to web content and news alerts via podcasts, email, and other web media -- is the newest development in a tech wave that lets asset management firms equip clients with specialized Web site capabilities.

And Fugent, a provider of online products to the financial services industry, is poised to exploit the possibilities of RSS. The Columbus, Ohio-based firm will launch a first-of-its-kind RSS product in September, letting fund companies hand off syndicated performance updates and other key information to advisors, who can then personalize and re-syndicate the content before passing it on to clients.

Sean Carroll of consulting firm Kasina -- which counts Fidelity and Oppenhimer Funds among its clients -- said this type of RSS technology is unheard of in the wholesale industry.

"RSS is not something wholesalers are aware of," Carroll, a consultant, told the MFWire. "Most advisors don't want to go to each fund's Web site to get price/preformance information, so an RSS feed would make that a lot simpler."

Carroll warns that a major impediment to the RSS streamline could be the advisors themselves. Usually behind the tech learning-curve, it is likely many are unaware of how to enable RSS feeds on their computers.

Fugent is betting they'll be eager to learn.

"This product will provide a scenario for wholesalers to meet with advisors in person and educate them," Fugent president Dan Easley said. "Wholesalers will get a tremendous amount of credit for teaching advisors, and for all the real and time savings this technology will provide."  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use