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Northern Trust partners with NQR to offer enhanced mutual fund distribution support
Agreement will significantly reduce the burden of intermediary oversight expectations for mutual fund managers, according to Northern Trust.
February 16, 2021 4:36 PM GMT
Northern Trust has entered into an agreement with National Quality Review (NQR) to provide US mutual fund managers with access to Intermediary INSIGHT, a service that helps managers support their operational oversight of intermediary firms.
The Boston-based NQR provides transfer agent, intermediary, and service provider oversight solutions to leading US financial institutions, including seven of the top 10 mutual fund managers and a majority of the top 50.
Under the terms of the agreement NQR will provide Northern Trust clients with an independent review of intermediary – entities which facilitate financial transactions between investors and investment products – and audit documentation in accordance with the Finan