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
References in periodicals archive ?
The company supplies c.92,000 end users across Europe, North America and Asia-Pacific through its direct sales team and a network of third-party distributors. Bulgin's management has successfully invested in the development of new cutting-edge fibre and sensing products and rationalised its product range and distributor base.
In recent years, a handful of high-profile hospital systems, including the Cleveland Clinic and Utah's Intermountain Healthcare, upended the traditional healthcare distribution model, which relied on large, third-party distributors to purchase, inventory and deliver medical supplies to hospitals, clinics and doctor's offices, often on a just-in-time basis--at a cost.
Ronnoco supplies its products directly to its customers, as well as through a network of third-party distributors throughout more than 43 states.
Loans have been originated through third-party distributors, which operate within a mandate provided by NIBC.
All of International Drying's products are built in a facility in Cary, and are sold to businesses globally with the assistance of third-party distributors, Stephens said.
James Hazell, a senior representative of FBMM, said: "As third-party distributors, we sit between the institutions and advisors in order to provide quality solutions which serve the demands of the market globally."
Securities and Exchange Commission for 2017 that its annuity distribution expenses "primarily include compensation paid to our financial advisors, representatives, third-party distributors and wholesalers, net of amounts capitalized as part of [deferred acquisition costs (DACs)]."
In the new role, Grage is to focus on marketing JP Morgan's Luxembourg-domiciled mutual funds to Colombian institutional clients such as pension funds, insurance companies, corporations and fund managers, as well as third-party distributors.
Carriers have already focused on application functionality, especially if they work with third-party distributors. Priorities for individual annuity insurers are likely to include:
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. The agreement covers a selected range of funds that will initially be distributed by UBP in eight countries: Belgium, the Netherlands, Luxembourg, Switzerland, France, the United Kingdom, Austria and Spain.
It sells its products and services through a direct sales force, customer-service professionals, electronic commerce and third-party distributors in Americas, Asia-Pacific, and Europe.
Ford had to determine how to get their cars out to consumers from its plant in Michigan and adopted a "franchise model," whereby Ford could control how the cars were sold by third-party distributors.