Archimedes Systems Announces Mutual Fund Expense Analyzer

New Tool Helps Clients Or Advisors To Project Expenses Without Having To Examine Prospectuses
     
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FOR IMMEDIATE RELEASE

Waltham, MA - January 3, 2005 - Archimedes Systems, Inc., has announced the launch of its Mutual Fund Expense Analyzer, a web-based tool that provides financial service companies with a highly visible means of demonstrating their commitment to meeting and exceeding the new compliance and disclosure standards.

Unlike other expense analysis tools, the Archimedes Mutual Fund Expense Analyzer can be pre-populated with all of the expense information (including breakpoints and rights of accumulation) for a firm's own funds. As a result, clients and advisors have only to select a fund name from a drop down menu. They do not have to read a prospectus or otherwise research fees and expenses, which is where many observers feel the disclosure process often breaks down.

After selecting a fund, users enter just five additional items: Share class, expected holding period, rate of return, investment amount, and total investments at the firm qualifying for the breakpoint.

The Analyzer then presents the projected value at the end of the period, including a breakdown of all fees and expenses. In addition, the Analyzer computes the reduction in the annual rate of return due to fees and expenses.

The Mutual Fund Expense Analyzer shows the impact of fees and expenses for a single fund, but can also be configured to compare:

  • different share classes,
  • one internal fund to another internal fund, and
  • one internal fund to an outside fund (with manual input of fee and expense information)
Implementation is simple. All a firm has to do is to install a single link on their site. The tool can be customized for a firm's look and feel, and all hosting is provided by Archimedes Systems.

About Archimedes Systems, Inc.
Archimedes Systems builds and delivers personalized education and decision-making tools for the financial services and employee benefits communities. For over 20 years, Archimedes’ staff has helped plan vendors and sponsors by providing printed and Web-enabled tools that generate personal financial plans, 401(k) proposals, comprehensive employee benefit statements and personalized enrollment and post-enrollment decision-support analyses. In the college funding market, Archimedes is a leading provider of Sec. 529 decision support tools, combining key financial calculations and content to provide robust solutions to financial professionals and individual investors. Financial service marketers, plan sponsors and benefit consultants can visit www.archimedes.com to learn more about Archimedes’ products and services.

     
 

 

Contact:

Joel Karasik
joel@archimedes.com
 

 

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