Third-Party Distributor

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Third-Party Distributor

A company that sells mutual funds on behalf of the investment company managing the funds. A third-party distributor receives a portion of the loads (or sales fees) that the mutual funds charge shareholders. This system can be beneficial if an investment company lacks the knowledge or resources to market funds directly.
References in periodicals archive ?
Union Bancaire Privee, UBP SA (UBP) announced it has signed an agreement with SEB, a leading Nordic financial services group, enabling UBP to distribute SEB's Luxembourg fund range to institutional clients and third-party distributors.
Peter Branner, Head of SEB Investment Management, says, "Thanks to UBP's long-standing expertise in asset management and fund distribution, we are confident that this agreement will allow us to better support our clients and third-party distributors outside our core markets.
A NEW CERTIFICATION PROGRAM will make it easier for life insurers to track annuity suitability from third-party distributors, according to the Insurance Marketplace Standards Association, which is launching the clearinghouse system on Jan.
The model regulation requires companies to get annual certifications from third-party distributors to whom they have delegated suitability supervisory responsibilities, IMSA explains.
com(TM) and Intelliscope(TM), as well as through third-party distributors.
This is especially true when dealing with brokerage houses, mutual-fund companies and other third-party distributors who demand custom services (and incentives) in return for access to their distribution network.
The IRS ruled in Letter Ruling (TAM) 9813001 that, when a telecommunications company pays one-time commissions to third-party distributors for acquiring new cellular service customers, the commissions must be capitalized under Sec.
Today the Insurance Marketplace Standards Association (IMSA) announced a new Clearinghouse System to serve as the one-stop solution for life insurance companies to obtain certifications of supervision of annuity suitability from third-party distributors as required under the NAIC Suitability in Annuity Transactions Model Regulation.
Customers include orthopedic, podiatric and spine surgeons, orthotic and prosthetic centers, third-party distributors, hospitals, surgery centers, physical therapists, athletic trainers, other healthcare professionals and individual and team athletes.
Solarfun sells its products both through third-party distributors and directly to system integrators.
To date, Singer maintains a strong international presence, with manufacturing facilities in Brazil and China, 10 overseas marketing operations and a network of third-party distributors selling product in more than 190 countries.
MSC is headquartered in Houston, Texas, and provides structural carbon steel products to commercial and industrial steel fabricators, metal building manufacturers, third-party distributors and other customers.