CYGNET CAPITAL LICENSES FINANCIAL SIMPLICITY FOR MANAGED ACCOUNTS

18 January 2007

Cygnet Capital who specialises in ASX-listed companies valued under $100 million, has licensed Financial Simplicity’s portfolio modeling and implementation software to support their new Cygnet Managed Account.

Cygnet Capital selected Financial Simplicity’s software as a foundation for a scaleable managed account business model that allows them to leverage their current back office providers. Mark Davies, General Manager for Cygnet commented “The Cygnet Managed Account enables investors to own a selection of emerging company stocks that are chosen and managed for them by specialists in this market. Our product is the smart choice for investors wanting to maximise their overall investment portfolio and we wanted our back-office systems to be just as smart and streamlined. Financial Simplicity’s software addressed our needs.”

Stuart Holdsworth, Managing Director of Financial Simplicity added” We are delighted to be working with Cygnet Capital in the rapidly developing managed account arena. Cygnet Capital wanted a scalable solution which will support them to operate their specialist small cap managed account offering. Their take up of our software is further evidence our ability to extend existing operational processes and systems into a scaleable managed accounts offering”.

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