Third-Party Distributor

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 ?
The latter signed a seven-year, full-content agreement with Sabre Travel Network to make all published fares and inventory available to Sabre subscribers, including published fares that the airline sells through any third-party distributor and through its reservation offices and website.
Once a third-party distributor enrolled a customer, the distributor did not provide any additional services to the taxpayer as to that customer.
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.
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.
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.