NEW YORK--(BUSINESS WIRE)--S&P Capital IQ announced today that it has commenced Standard & Poor’s Factual Stock Report coverage on SaveDaily, Inc.
SaveDaily, Inc. (OTCBB: SAVY) provides advice driven investment services to the mass market worldwide. SAVY serves small investors through fully automated technology solutions.
The company owns a proprietary financial services platform, helping financial intermediaries succeed in bringing affordable investment services to everyday savers and investors. Its private label platform offers mutual funds and any daily valued product investments for both qualified and non-qualified account types.
The SaveDaily platform provides processing, record keeping and all-electronic money movement. It offers an all-electronic, sub-accounting and money movement platform to large banks, community banks, credit unions, and broker dealers.
SAVY, which does business through its subsidiary SaveDaily.com, Inc., offers a full-service record keeping facility, providing participants with daily valuations and full-featured Web access, all while maintaining compliance with pre-determined mutual fund models or approved product lists. All tax reporting, performance reporting, confirmation, and statement delivery is to be provided by the company directly to investors, or integrated into existing partner operations, for a flow of regulated information to the investors.
SaveDaily launched an HSA investment sub-account product, which is designed to link with existing banks and other entities that provide or manage direct deposit account support for HSAs. The company's platform is deployed for use in multiple account types: qualified retirement plans, Health Savings Investment Accounts, Safe Harbor Automatic IRA Rollovers and the direct to consumer space The company targets the following distribution markets: retail banking industry, brokerage industry, employer services industry, and non-traditional financial services providers. SaveDaily's direct competitor is ShareBuilder, a subsidiary of ING Direct.
Standard & Poor’s Factual Stock Report coverage on SaveDaily, Inc will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.savedaily.com for additional information.
About Standard & Poor's Factual Stock Reports
Currently profiling approximately 500 issuers, Standard & Poor’s Factual Stock Reports, produced by S&P Capital IQ, increase market awareness of issuers in the investment community with insightful commentary and key statistics and information. Standard & Poor’s Factual Stock Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information about covered companies to reach a wide investor audience of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is underwritten by the issuer, S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of S&P Capital IQ or related organizations. S&P Capital IQ does not trade on its own account.
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