âElectronic delivery is now a critical element in participant delivery and many of our record keepers are looking to reduce their paper compliance costs by substituting electronic delivery,â stated Ray Newkirk, CEO of Newkirk.
As part of this agreement Newkirk will use NewRiverâs Virtual Document WarehouseSM (VDW) as it shifts from pick and pack delivery of paper compliance documents to print on demand (POD) for first-dollar-in and fund-change-notice applications. Newkirk customers will be notified about this serviceâs availability at a future date.
According to Russell Planitzer, Chairman and CEO of NewRiver, âFrom a compliance and cost point of view, printing six page Summary Prospectuses digitally, when required, is superior to the legacy method of printing to stock, transporting, then assembling compliance packages at a distribution site. We are pleased to be working with Newkirk to implement this streamlined document delivery system for the retirement market.â