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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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The firm said: "We were disappointed to hear of the experience Eleanor and Cole had with a third party distributor of one of our products.
ICE Data Services will be the exclusive third party distributor for this hosted service.
US-based visual communications company Getty Images has signed a letter of agreement to purchase the business assets of its Latin American third party distributor, operating under the name Getty Images Latin America, taking over direct operation of its business enterprises in the region, the company said.
5 March 2010 - US-based in vitro diagnostics company IVAX Diagnostics Inc (AMEX: IVD) said yesterday that its subsidiary Diamedix Corporation has signed a distribution agreement with Fumouze Diagnostics, pursuant to which Fumouze Diagnostics will be the exclusive third party distributor of Diamedix Corporation and Delta Biologicals' suite of diagnostic tests in France.
On the other, it has left chief executive Guy Woodall feeling "one step removed" because sales are generally conducted through a third party distributor.
Revlon branded color cosmetics will continue to be marketed in Brazil through its current third party distributor.
Jo Gaunt, sales director of FireAngel, said: "We have worked with Tesco over the past four years, initially supplying our FireAngel Plug- In smoke alarm via a third party distributor and, more recently, adding our optical smoke alarm into a limited number of stores as a direct supplier.
The company is the UK's leading third party distributor of toys, handling products for Bandai UK, Famosa, Leapfrog Toys (UK), Nikko UK, Paul Lamond Games, Ravensburger, Vivid Imaginations, Smoby, Gibson Games and Zak Designs.
The operation was transferred from another third party distributor to improve product availability and service levels.
Third party distributor Ozburn-Hessey Development, the real estate development division of Ozburn-Hessey Logistics, credits safety and low operating costs at the loading dock as key factors in its success.
8 May 2017 - US-based visual communications company Getty Images has signed a letter of agreement to purchase the business assets of its Latin American third party distributor, operating under the name Getty Images Latin America, taking over direct operation of its business enterprises in the region, the company said.
The company has revised its distribution philosophy and has now adopted a dual channel approach by setting up an in-house sales department along with utilization of third party distributor services.
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