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Wednesday, October 27, 1999 Federated Offering Advisors Online Prospectus Option Federated Investors is making steps to simplify compliance issues and save a few trees in the process, offering electronic distribution of prospectuses to financial intermediaries.
But in a letter mailed today to financial advisors, the Pittsburgh-based fund family is offering an online prospectus option, not to replace the standard prospectus mailings, but to eliminate the multiple mailings that result from even simple client requests. The letter offers advisors the option to accept delivery of prospectuses on an ongoing basis through Federated's website. Federated is stressing the benefits as "reducing the clutter factor" of multiple prospectuses, as well as "re-channeling dollars spent on mass mailings towards more meaningful communications." Printed from: MFWire.com/story.asp?s=25196 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |