SEAL BEACH, Calif. (7/13/12)--SaveDaily Inc., a provider of low-cost mutual-fund investing platforms used by credit unions and other financial institutions, has agreed to relocate its platform to the Lightwave Data Center in San Diego. The center is operated by American Internet Services (AIS).
AIS is an enterprise-class data center, cloud and managed-services company that provides network, security and solutions engineering capabilities.
SaveDaily recently announced several marketing agreements with financial institutions and investor networks that are expected to add new customers to the company's mutual fund investing platform.
"We have been working with SaveDaily, a pioneer in the field of paperless brokerage solutions, for two years and have seen first-hand how their business is taking off to the point where they needed to do a tech refresh," said Tim Caulfield, AIS CEO.
Credit unions, banks, broker-dealers and other financial service providers are adopting the SaveDaily platform to offer mutual fund investing to their members and customers at low costs under their own brands. For one flat monthly charge, investors in mutual funds on the platform can have unlimited positions and unlimited transactions without transaction fees. 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 with no additional cost, said the company.