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InvestEdge Incorporates Risk Management and After-tax Optimization into the Daily Workflow of Wealth Managers

InvestEdge, Inc., the fastest-growing provider of wealth management solutions to large banks, trust companies, brokerage firms, and financial advisors, today announced the availability of InvestEdge ASP Version 6.0. The latest release contains numerous enhancements to the system’s portfolio management, trade automation, and performance measurement features.

Building on a recent alliance with Northfield Information Systems, advanced risk monitoring and tax optimization tools are now available in InvestEdge ASP. The new features incorporate Northfield’s Open Optimization software to enable frontline investment managers to monitor portfolio risk, optimize portfolios to models with minimal turnover and capital gains, and evaluate the impact of potential trades. The easy-to-use system routinely monitors portfolios against specified targets, and sends alerts when portfolio-level risk statistics are exceeded. This substantially streamlines existing portfolio management processes—which are largely manual and ad hoc at many firms—by incorporating after-tax optimization into the daily workflow of portfolio managers. The new tool minimizes the need for handing off complex portfolios to investment strategists, provides continuous portfolio monitoring, and delivers more consistent portfolio results.

“By integrating after-tax optimization directly into portfolio management and trading workflow, InvestEdge has dramatically simplified the arduous task of measuring and managing risk,” said Bob Stewart, CEO of InvestEdge. “It’s a more intelligent way for firms to manage tax-sensitive portfolios because it provides better results in less time. These and other benefits to investment firms are significant, as evidenced by the unprecedented level of interest we’ve experienced since announcing our partnership with Northfield. In fact, several of the industry’s premier organizations have begun to implement our integrated solution.”

One such firm is Glenmede Trust, a leading independent wealth advisory firm providing wealth management services to high net worth individuals and institutions. According to Nicholas Voutsakis, Chief Technology Officer, portfolio optimization is a key initiative for the firm. “Managing risk is a critical component of portfolio management, especially for very large portfolios such as those managed by Glenmede. With help from InvestEdge, we’re moving toward our goal of applying our risk management and optimization strategies on a broader scale, providing even greater value to our clients.”

Other additions to InvestEdge ASP include enhanced performance measurement functions, new workflow features for working with groups of portfolios simultaneously, and more features designed to make managing and reporting on portfolios easier.

“InvestEdge has a long history of responding to the unique requirements of portfolio managers serving the high net worth segment,” Stewart concludes. “As a result, we more than doubled the size of our customer base in 2005 and are on pace for similar results this year. We are committed to the continuous enhancement of our product with the goal of helping firms achieve optimum efficiency and profitability.”