Scottrade Selects Scivantage to Deliver Scottrade Advisor Services’ Next-Generation Platform

16 July 2008

Scivantage, a leading provider of web-based, front- and middle-office technology solutions to the financial services industry announced today that Scottrade, a leading branch-supported online investment firm, has selected Scivantage Professional as Scottrade Advisor Services’ next-generation advisor desktop solution.

Scivantage Professional offers Scottrade Advisor Services an integrated suite of applications to open and maintain brokerage accounts, execute standard and complex trade orders, and proactively manage client accounts from a single, browser-based interface. Through this initiative, advisors will be provided with secure, reliable and real-time order processing, workflow management and account automation. Advisors who use the platform will also have access to Scivantage Maxit, the most complete cost basis, tax management and portfolio reporting solution, to enable timely and effortless investment tax decisions.

“We are pleased to be chosen by Scottrade, a financial institution that prides itself on the quality of its service and its commitment to providing innovative tools to help advisors run their practices more efficiently,” said Adnane Charchour, President and CEO of Scivantage. “By deploying Scivantage Professional, advisors using Scottrade’s platform will have access to a full suite of powerful applications that support their unique workflow; helping to deepen client relationships and grow their business.”

Scivantage Professional offers Scottrade a flexible platform that can quickly scale to support future growth, feature-rich, out-of-the-box capabilities to support the immediate needs of their advisors, and seamless integration with their proprietary back office and other third-party systems. These capabilities were important factors that led to Scottrade selecting Scivantage Professional.

“This next-generation platform is based on feedback and suggestions from our advisors,” said Doug Talir, Director of Scottrade Advisor Services. “Advisor input and guidance is imperative as we move forward with our Advisor Services program. We are committed to understanding our advisors’ needs and helping them build their business.”

“Scivantage brings the experience required to develop the complex account management and trading system that our advisors demand,” Talir said. “With Scivantage’s assistance, this next-generation platform will help advisors better serve their clients and grow their practices.”

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