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Tuesday, February 15, 2000 NRS Purchases Blue Sky Company Thomson Financial-owned National Regulatory Services (NRS) , has purchased Boston Compliance, the leading Blue Sky information provider for mutual funds, at the end of January.
The Boston-based company's star product, BlueSky98 is an electronic mutual fund filing program. The software can reduce the "Blue Sky staff" by up to 40% in only eighteen months, according to Boston Compliance. One way Blue Sky managers can reduce risk to the corporation is to file for the maximum registration amounts with the states. However, if the registration staff uses a tool like BlueSky98, these risks can be reduced by allowing the registration staff to choose less expensive filing options. NRS provides complete market solutions in the investment adviser, broker-dealer, investment and insurance markets, with compliance services, audits, market analyses, registrations, outsourcing, Web-based compliance news alerts, and conferences. The Lakeville, Connecticut-based company was purchased by Thomson Financial on May 20, 1999. Printed from: MFWire.com/story.asp?s=25524 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |