Substantial Year-to-Year Growth Recorded in Multiple Strategy Portfolio Assets on CheckFree APL
13 Setembro 2004 - 11:00AM
PR Newswire (US)
Substantial Year-to-Year Growth Recorded in Multiple Strategy
Portfolio Assets on CheckFree APL -- Assets Climb in One Year from
$3.2 Billion to $19.3 Billion, another indication that Separately
Managed Accounts are becoming an increasingly popular investment
strategy -- ATLANTA and JERSEY CITY, N.J., Sept. 13
/PRNewswire-FirstCall/ -- CheckFree Investment Services, a division
of CheckFree Corporation (NASDAQ:CKFR), today announced that total
assets for multiple strategy portfolios on CheckFree APL surged
from $3.2 billion to $19.3 billion between June 2003 and June 2004.
Recent industry figures compiled by Financial Research Corporation
(FRC) indicate that multiple-style accounts have reached $40
billion, and have grown significantly faster than other managed
account and fee-based products. CheckFree Investment Services is
the leading provider of outsourced trading, portfolio management,
accounting, reporting services and data to broker/dealers,
investment consultants and money managers in separately managed
accounts. "These numbers amply demonstrate the positive trend for
the separately managed accounts industry, and the trust placed in
CheckFree's operations and service infrastructure by separate
account sponsor and manager firms," said Alex Marasco, CheckFree
Investment Services executive vice president and general manager.
"CheckFree is increasingly viewed as a trusted, operational
'guardian' of multiple-style accounts, and CheckFree APL's ability
to efficiently support these complex portfolios is gaining
widespread industry acceptance as our clients increasingly
recommend these personalized investment strategies." Multiple
strategy portfolios provide for the diversified management of a
single account, encompassing the investment strategies of multiple
money managers. CheckFree APL enables the program sponsor firm to
offer a wide variety of investment strategies to their client,
while seamlessly including any combination of in-house and external
managers. CheckFree APL treats multiple strategy portfolios as a
single account with sub-models, thereby averting trading and
reconciliation discrepancies. 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 APL's open platform
enables approximately 39 of the top 50 Wall Street (sponsor) firms
and 36 of the top 40 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 CheckFree Investment Services (
http://www.checkfreeinvsvcs.com/ ) Headquartered in Jersey City
(NJ), CheckFree Investment Services provides a broad range of
investment management services to thousands of financial
institutions. The company's staff of 350 professionals operates
from six offices nationwide, including Durham NC, location of its
M-Solutions software applications: M-Search, the leading separate
accounts manager database and analytical tool; M-Pact, a Web-based,
enterprise solution for manager analysis, reporting and proposal
generation; and M-Watch, a performance reporting and measurement
system. Clients of CheckFree Investment Services manage nearly 1.6
million portfolios totaling $900 billion in assets. The CheckFree
APL platform is leveraged by asset management, broker/dealer firms
and investment advisors on a remote processing basis. 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 $900 billion 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
thousands 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). 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, Judy DeRango
Wicks, +1-678-375-1595, or , or Investors, Tina Moore,
+1-678-375-1278, or , both of CheckFree Corporation Web site:
http://www.checkfreecorp.com/ http://www.checkfreeinvsvcs.com/
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