SEAL BEACH, Calif., Oct. 4, 2012 /PRNewswire/ -- SaveDaily, Inc. (OTCBB: SAVY), the leading provider of low cost mutual fund investing platforms used by financial institutions, is now offering open-end and exchange-traded fund data from Morningstar, Inc., a leading provider of independent investment research. Investors who use the SaveDaily platform will be able to access Morningstar data, such as fund performance and classification information as well as benchmark indexes.
"This is another step we are taking to offer value and resources to our investors," stated Greg Vacca, President of SaveDaily. "It fits in with our mission of bringing Wall Street caliber investing opportunities to Main Street. Investors can pull up any fund they are considering and with one click review the Morningstar data for that fund."
Morningstar provides data on more than 385,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. The company employs more than 260 stock, fixed-income, and fund analysts worldwide. In addition to raw performance statistics, Morningstar also covers portfolio holdings for the mutual funds and other managed investment products in its database.
"The financial partners who offer our platform to their investing clients are looking for a best-in-class experience," continued Mr. Vacca. "In addition to our ease of use, self assessment tools, dedicated customer service, and a virtually unlimited range of funds to offer investors, we believe that high quality data is one of the must-haves to meet that deliverable."
Credit unions, banks, broker dealers, third party administrators and other financial service providers adopting the SaveDaily platform can offer mutual fund investing to their customers at extremely low cost under their own trusted brand. For one low flat monthly charge, fund investors can have unlimited positions and unlimited transactions without transaction fees or commissions. There are no minimum amounts that have to be invested into any single fund, and investors can move in and out of funds at any time – at no additional cost.
About SaveDaily, Inc.
SaveDaily offers investments and record-keeping services to its intermediary partners, as well as directly to clients through a variety of white-labeled interfaces. SaveDaily owns its proprietary financial services platform which has been in production for about three years, helping financial intermediaries succeed in bringing suitable and affordable investment services to everyday savers and investors. SaveDaily, through its financial services partners, has the capability of making virtually all mutual funds available to its clients. SaveDaily conducts its business through its wholly owned subsidiary, SaveDaily.com, Inc., which is headquartered in Seal Beach, California and is a Registered Investment Advisor with the Securities and Exchange Commission. For more information, visit www.savedaily.com.
Forward Looking Statements
This release contains forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to the possibility that some or all of the matters and transactions considered by SaveDaily may not proceed as contemplated, and by all other matters specified in SaveDaily's filings with the Securities and Exchange Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. SaveDaily does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. Assumptions and other information that could cause results to differ from those set forth in the forward-looking information can be found in the SaveDaily's filings with the Securities and Exchange Commission, including its recent periodic reports.
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SOURCE SaveDaily, Inc.