SOURCE: BrightScope

BrightScope

July 08, 2014 08:00 ET

BrightScope Selected to Provide Sales Reporting Data to Servicers on T. Rowe Price's Retirement Platform

BrightScope Partners Gateway Offers Transparency With Streamlined Access to Actionable Data

SAN DIEGO, CA--(Marketwired - Jul 8, 2014) - BrightScope (www.brightscope.com), a leading provider of independent financial information and investment research, announced that it has been chosen by T. Rowe Price Retirement Plan Services, Inc. to deliver sales information to asset managers, broker-dealers, custodians, recordkeepers, and transfer agents who provide services to their clients on T. Rowe Price's retirement services platform.

With a focus on transparency, the BrightScope Partners Gateway system simplifies how retirement-plan sales distribution data is shared and utilized among service providers. Through a flexible and intuitive interface, the system will enhance the value of T. Rowe Price's services by offering providers a single, secure, cloud-based reporting solution that can be customized to meet their unique business objectives.

"This relationship with BrightScope allows us to give service providers who use our platform and our own executives a way to quickly understand the sales trends on our platform," said Doug Comer, Head of Business Development, at T. Rowe Price Retirement Plan Services, Inc. "We value our business partners' support and are committed to continually raising the bar as we strive to make it ever easier for them to work with us. BrightScope is the clear choice to deliver this leading solution given the firm's proven expertise and consistent innovation in the space."

Transforming the way financial data is shared, the BrightScope Partners Gateway simplifies data flow among asset managers, broker-dealers, custodians, recordkeepers, and transfer agents across the financial services landscape. At its core, the Partners Gateway delivers sales transparency to drive accurate compensation and critical sales intelligence. Paired with BrightScope Beacon®, the Partners Gateway serves as the integration point for diverse data sets across complex businesses. Beacon's powerful analytics engine transforms disparate data into actionable intelligence for key strategic and tactical decisions across business lines.

"Providing internal and external sales transparency to industry leaders like T. Rowe Price is a major strategic focus in 2014," said Mike Alfred, CEO at BrightScope. "We continue to grow as the data nexus and integration point for the financial services industry, including streamlining all inbound and outbound data that flows between firms."

The BrightScope Partners Gateway is the new standard in data integration and sales transparency. For more information please call 858.452.7200 or email jeremy.ross@brightscope.com.

About BrightScope
BrightScope is a financial information company that brings transparency to opaque markets through independent research and analysis. Delivered through web-based software, BrightScope data drives better decision-making for individual investors, corporate plan sponsors, asset managers, broker-dealers, and financial advisors. The BrightScope Rating™, developed in partnership with leading independent 401k fiduciaries, reviews more than 200 unique data inputs per plan and calculates a single numerical score which defines plan quality at the company level. In April 2011, the company launched BrightScope Advisor Pages™, the first comprehensive and publicly available directory of financial advisors designed to help consumers discover information and conduct due diligence on wealth management professionals. BrightScope also markets a suite of data analytics software products to Fortune 1000 companies, asset managers, broker-dealers, financial advisors, and other market participants. Public ratings for nearly 50,000 retirement plans as well as rating definitions, criteria and methodologies, and information on more than 680,000 registered financial advisors and nearly 33,000 active advisory firms are available for free at www.brightscope.com.

About T. Rowe Price
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. is a global investment management organization with $711.4 billion in assets under management as of March 31, 2014. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. T. Rowe Price Retirement Plan Services, Inc., serves more than 3,500 retirement plan sponsors and approximately 2 million plan participants. For more information, visit troweprice.com, Twitter (twitter.com/troweprice), YouTube (youtube.com/trowepricegroup), LinkedIn (linkedin.com/company/t.-rowe-price), or Facebook (fb.com/troweprice).