LAFAYETTE, CA--(Marketwire - December 3, 2007) - Advisor Software, Inc., a leading provider of
wealth management solutions for the advice market, today announced that
Kayne Anderson Rudnick Investment Management, L.L.C., a Los Angeles-based
Registered Investment Advisor (RIA) with nearly $6 billion in Assets Under
Management, has selected ASI Client Acquisition Solution® to streamline
portfolio and proposal creation.
ASI Client Acquisition Solution is an institutional-caliber portfolio
construction and proposal generation solution that allows financial
institutions to increase the efficiency of the portfolio construction
process and deliver more personalized portfolios for investors.
The decision to implement ASI Client Acquisition Solution reinforces Kayne
Anderson Rudnick Investment Management's commitment to providing highly
customized portfolio management services for high net-worth clients.
Implementation plans include support for the firm's separately managed
accounts, stocks, bonds and mutual funds.
In selecting ASI Client Acquisition Solution, Kayne Anderson Rudnick
Investment Management evaluated a number of portfolio construction and
proposal generation solutions. Out of six solutions that were considered,
ASI Client Acquisition most closely fit the organization's requirements.
The results of the evaluation process revealed that ASI Client Acquisition
Solution was well-suited to Kayne Anderson Rudnick Investment Management's
business model because it would allow the firm to allocate both proprietary
and non-proprietary funds while leveraging institutional-caliber analytics,
including Monte Carlo simulation and efficient frontier analysis. The
web-based solution also fit-in with the company's strategy of moving to an
open architecture platform.
Said Stephen Rigali, CFA, executive vice president for Kayne Anderson
Rudnick Investment Management, "ASI Client Acquisition Solution is the only
solution to offer a seamless environment for addressing all of our
investment proposal needs, from engaging the client and performing a
thorough risk/return analysis to generating an Investment Policy Statement.
It also features the most intuitive, stand-alone environment for front-end
portfolio construction. ASI Client Acquisition Solution will enable Kayne
Anderson Rudnick to institutionalize the proposal development process and
enhance its advisory service offerings."
"Unlike other applications that require linking to turn-key product lines,
ASI Client Acquisition Solution enables support for a broad universe of
investment products," said Neal Ringquist, president and chief operating
officer of Advisor Software, Inc. "Kayne Anderson Rudnick's recognition of
this flexibility is a great endorsement. We look forward to working in
partnership with the organization to ensure best practices and a consistent
investor experience across the enterprise."
About ASI Client Acquisition Solution
ASI Client Acquisition Solution is an integrated platform that enables
advisors to review an investor's current portfolio holdings, conduct a risk
assessment, develop an asset allocation strategy, select securities, create
model portfolios and generate a comprehensive investment plan in 15 minutes
or less. The solution uniquely leverages institutional-caliber analytics
including asset allocation analysis, style and industry sector exposure
analysis, security overlap analysis, efficient frontier and Monte Carlo
simulation. Advisors can better serve existing clients and convert more
prospects into clients by demonstrating the benefits of selected investment
products and diversification strategies. Key features of the application
include:
-- Configurable workflows that allow financial institutions to setup
their own custom asset allocation models, model portfolios and investment
universes.
-- Comprehensive Investment Proposals that leverage advanced
portfolio analytics and an investment policy statement and are configurable
to reflect the advisory firm's brand and promote its services to the
client.
-- Wide Investment Product Coverage to support a range of security types
including mutual funds, stocks, bonds, exchange traded funds, separately
managed accounts and variable annuity sub-accounts.
-- Integration Capabilities for full-integration with user management and
authentication systems, portfolio management systems and trading platforms.
About Advisor Software, Inc.
Advisor Software, Inc. is a leading provider of wealth management solutions
for the advice market. The company has pioneered the first enterprise
rebalancing solution and a unique goal-directed financial planning platform
that combines institutional-caliber analytics and a balance sheet approach
to financial planning. Advisor Software's applications are designed for a
wide range of asset management firms, broker-dealers, banks, insurance
companies, online brokerages, and other financial institutions, enabling
these institutions and their advisors to deliver more insightful,
actionable investment advice and build stronger, more profitable client
relationships. For more information, visit
www.advisorsoftware.com or call
(925) 299-7782.
About Kayne Anderson Rudnick Investment Management, L.L.C.
Kayne Anderson Rudnick Investment Management, LLC is a registered
investment adviser based in Los Angeles, California with approximately $6
billion in assets under management. Founded in 1984 by chairman, John
Anderson and CEO, Richard Kayne, the firm manages a range of portfolios
having a common disciplined, high-quality investment philosophy for high
net worth individuals, endowments, foundations, corporations, public funds,
and pension plans. For more information about Kayne Anderson Rudnick
Investment Management, visit
www.kayne.com.
Contact Information: Contact:
Andrea Corry
Advisor Software, Inc.
(925) 444-1306
acorry@advisorsoftware.com