1st Tier Mutual Fund Company Clients More Able to Purchase Funds Online Finds Website Trends and Practicies Study.Business/Technology Editors RICHFORD, Vt.--(BUSINESS WIRE)--June 21, 2001 A growing number of mutual fund company websites let existing clients direct purchase funds over the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , but very few permit new clients to buy online, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. DGL 1. DGL - Data Generation Language. A tool for generating test data for hardware or software systems. 2. DGL - Distributed GL. Consultants "Internet Watch: Mutual Funds" report. The website analysis, which benchmarks mutual fund website trends and practices of providers by fund assets Fund assets The total value of a portfolio's securities, cash, and other holdings, minus any outstanding debts. under management, was conducted in order to better understand and compare how 1st and 2nd Tier Companies are transforming their websites to strategically exploit the interactive and connective connective - An operator used in logic to combine two logical formulas. See first order logic. capabilities of the Internet. DGL Consultants evaluated mutual fund company websites during the months of January through May 2001. "Mutual Fund Companies are slowly moving from utilizing their websites primarily as a public notice exclaiming, `here we are' to enabling the user to be more self-directed in finding information," says Don Lariviere, President of DGL Consultants. "The challenge, for companies pursuing asset gathering through as many distribution channels as economically feasible, is to provide the right mix of communications functionality for each target audience." Highlights include: --Few Companies use mutual fund website to cross-sell other investment products and services. --Greater Percentage of 1st Tier Group Companies provide more channel-specific support. --Most Insurance-Owned Companies use a domain name that emphasizes their mutual funds. --1st Tier Group Companies average 50% more companion domains names than 2nd Tier Group Companies. This report is designed to provide a meaningful source of reliable and comprehensive information to support the Internet planning and evaluation needs of Mutual Fund Product and Services Providers. An index of company-specific data for the 100 fund companies sampled is included; and, to make valid peer comparisons, the data is divided by 1st and 2nd Tier Group Companies. Established in 1984, DGL Consultants is a retained executive search and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm based in Vermont Vermont (vərmŏnt`) [Fr.,=green mountain], New England state of the NE United States. It is bordered by New Hampshire, across the Connecticut R. that helps its clients nationwide. Clients are exclusively: Investment Management and Wall Street Firms, Insurance Companies, Pension/Retirement Services Providers, Mutual Fund and Annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. Distributors. In addition, DGL also owns and operates the investment product portal MutualFundsnet.com, along with Annuitiesnet.com, ManagedMoneynet.com and LifeInsurancenet.com. For more information, methodology and universe may be viewed at http://www.dglconsultants.com/internetwatch/iw_mfwtp.html. |
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