CKFR Checkfree Corp (MM)

Brinker Capital Signs a Five-Year Contract With CheckFree Investment Services ATLANTA and JERSEY CITY, N.J., June 1 /PRNewswire-FirstCall/ -- CheckFree Investment Services, a division of CheckFree Corporation (NASDAQ:CKFR), today announced that Brinker Capital will run its managed accounts business on CheckFree APL through 2010. A CheckFree APL client since 1995, Brinker Capital is an investment consulting firm and the nation's leading independent provider of managed account and mutual fund investment services. CheckFree Investment Services is the largest provider of remote processing services -- trading, portfolio management, accounting, reporting services and data -- to broker/dealers, money managers and investment consultants. Brinker Capital currently runs its separately managed accounts and mutual fund programs on CheckFree APL. Separately managed account programs enable investors to directly own individual securities selected by one or more investment managers. Managed mutual fund programs provide investors with a portfolio of mutual funds. Both types of programs are rapidly growing segments within the managed money industry. Brinker Capital also plans to leverage CheckFree's multiple strategy portfolios functionality. Multiple strategy portfolios allow investment styles from multiple managers to be included in a single account. Brinker Capital is an enthusiastic supporter of the transition of CheckFree APL to CheckFree EPL (Enhanced Portfolio Lifecycle), which the company views as a complementary fit to its web-based business model. CheckFree EPL is web-based and designed with Microsoft(R) .NET technology to deliver superior business, operational and cost efficiencies to broker/dealer firms, money managers and registered investment advisors. "CheckFree APL has actively supported Brinker Capital's product expansion and growth in assets under management since 1995," said Alex Marasco, CheckFree Investment Services executive vice president and general manager. "CheckFree EPL, through its enhanced workflow capabilities and architectural design that seeks to minimize operating costs, will enable Brinker Capital to further scale its business over the next five years and beyond." Since its first year on CheckFree APL, Brinker Capital has seen its business grow by assets under management from less than $1 billion to close to $5 billion. Brinker Capital has also increased the number of third-party manager investment disciplines in its programs from less than 25 in 1995 to approximately 95 currently. "CheckFree APL has been good for our business and CheckFree Investment Services is moving in the right direction with CheckFree EPL," said Tim Henry, Brinker Capital chief operating officer. "CheckFree EPL will be a highly accessible platform for our web-based business. Its intuitive, user interface will greatly speed the processing of updates; we like what we see coming down the pike with CheckFree EPL." Henry also cited the use of CheckFree APL by numerous separate account managers, many of whom participate in Brinker Capital's programs, as an advantage. "We built the connectivity from our website to CheckFree APL; having the managers participating in our business on their platform makes operational processes run smoothly and efficiently all around." Currently, CheckFree APL serves as the leading separately managed accounts platform, providing remote processing services to sponsor firms, money managers and financial advisors for the automation of investment management, trading, portfolio performance and investor reporting. CheckFree's open platform enables approximately 80 of the top Wall Street (sponsor) firms and 125 separate account managers to interface with each other, and operate in a straight-through processing environment. Institutional money managers also use CheckFree APL to enter and maintain account data, manage trades and measure portfolio performance. About Brinker Capital (http://www.brinkercapital.com/) Founded in 1987, Brinker Capital serves financial advisors and their clients by providing the highest quality investment manager due diligence, asset allocation and client communication services for wealth creation and management. With consulting expertise serving as its foundation, the firm has developed a comprehensive platform of services for financial advisors. These state-of-the-art services are designed for financial advisors who work with Brinker Capital to grow their managed account and mutual fund business and include online investment advisory and wealth management tools, trust and lending services, hedge fund strategies for qualified investors and a range of specialized investment management services. About CheckFree Investment Services (http://www.checkfreeinvsvcs.com/) Headquartered in Jersey City (NJ), CheckFree Investment Services provides a broad range of technology and workflow solutions to thousands of financial institutions in separately managed accounts and institutional money management. The company's staff of 400 professionals operates from six offices nationwide, including Durham NC, location of its M-Solutions software applications. The CheckFree APL platform is leveraged by money managers, broker/dealer firms and investment advisors on a remote processing basis. Clients of CheckFree Investment Services manage 1.8 million portfolios totaling over $1 trillion in assets. Measured by total assets, more than half of all multiple strategy portfolios are administered on CheckFree APL, making CheckFree Investment Services a leader in the rapidly growing areas of overlay portfolio management and MSPs. About CheckFree (http://www.checkfreecorp.com/) Founded in 1981, CheckFree Corporation (NASDAQ:CKFR) provides financial electronic commerce services and products to organizations around the world. CheckFree Electronic Commerce solutions enable thousands of financial services providers and billers to offer their customers the convenience of receiving and paying their household bills online or in person through retail outlets. CheckFree Investment Services provides a broad range of investment management solutions and outsourced services to thousands of financial services organizations, which manage more than $1 trillion in assets. CheckFree Software develops, markets and supports software applications that are used by financial institutions to process more than two-thirds of the 10 billion Automated Clearing House transactions in the United States. The division also provides global trade processing, reconciliation, financial messaging, compliance and electronic billing and statement software to hundreds of organizations across the globe. Certain of CheckFree's statements in this press release are not purely historical, and as such are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding management's intentions, plans, beliefs, expectations or projections of the future. Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in CheckFree's business, and other risks and uncertainties detailed from time to time in CheckFree's periodic reports filed with the Securities and Exchange Commission, including CheckFree's Annual Report on Form 10-K for the year ended June 30, 2004 (filed September 3, 2004), Form 10-Q for the quarter ended September 30, 2004 (filed November 9, 2004), Form 10-Q for the quarter ended December 31, 2004 (filed February 8, 2005), and Form 10-Q for the quarter ended March 31, 2005 (filed May 9, 2005). One or more of these factors have affected, and could in the future affect CheckFree's business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this press release will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by CheckFree, or any other person, that the objectives and plans of CheckFree will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and CheckFree assumes no obligation to update any forward-looking statements. DATASOURCE: CheckFree Corporation CONTACT: Media relations, Judy DeRango Wicks, +1-678-375-1595, or Investor relations, Tina Moore, +1-678-375-1278, both of CheckFree Corporation Web site: http://www.checkfreecorp.com/ http://www.brinkercapital.com/ http://www.checkfreeinvsvcs.com/

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