LAFAYETTE, CA--(Marketwire - September 24, 2007) - Advisor Software, Inc., a leading provider of
wealth management solutions for the advice market, today announced that
First Trust has selected ASI Client Acquisition Solution®, an
institutional-caliber portfolio construction and proposal generation
solution that enables financial service providers and their advisors to
deliver more personalized portfolios for their clients.
"First Trust chose ASI Client Acquisition Solution because it is the only
application that provides support for our entire group of product
offerings," said Chris Dixon, senior vice president of marketing for First
Trust Portfolios, L.P.
During the first implementation phase, First Trust plans to implement ASI
Client Acquisition Solution to support its Exchange Traded Funds (ETFs).
Future implementation plans feature support for First Trust's additional
product offerings including an innovative line of Unit Investment Trusts
(UITs).
Using ASI Client Acquisition Solution, advisors at financial institutions
including broker/dealers, banks, RIAs and wirehouses will then be able to
create customized client portfolios and investment proposals featuring
First Trust's entire line of investment products.
"For Advisor Software, supporting a large universe of investment products
is a key initiative that is reflected by all of its solutions, including
ASI Client Acquisition Solution," said Neal Ringquist, president and chief
operating officer for Advisor Software. "First Trust Portfolios' selection
of ASI Client Acquisition Solution is a great endorsement of this
initiative. We're looking forward to working with First Trust to help
financial institutions better serve clients and prospects, enabling
advisors to meet increasing demand for a wide selection of investment
options."
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, can be configured 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, fix income securities 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 First Trust Portfolios L.P.
First Trust Portfolios L.P. and its affiliate, First Trust Advisors L.P.,
are privately-held investment services companies which were established in
1991 and operate nationwide and also in Canada and Europe. The firms
provide a variety of investment services, including asset management,
financial advisory services, and municipal and corporate investment
banking. The firms currently have assets under management or supervision of
over $30 billion through closed-end funds, unit investment trusts, open end
funds, separate managed accounts and exchange-traded funds.
Contact Information: Contact:
Andrea Corry
Advisor Software, Inc.
(925) 444-1306
acorry@advisorsoftware.com