ADP and Finaplex Join Forces to Offer Enhanced Wealth Management Solution

ADP and Finaplex Join Forces to Offer Enhanced Wealth Management Solution

NEW YORK, Dec. 13 /PRNewswire-FirstCall/ -- ADP Brokerage Services Group (ADP), a division of Automatic Data Processing, Inc. (NYSE:ADP), and Finaplex Inc., today announced that they formed a strategic partnership to offer an integrated wealth management solution for the broker desktop. This new product, called ProVisor Wealth(TM), will provide robust functionality to ADP's clients and is backed by its Brokerage Processing Services engine.

(Logo: http://www.newscom.com/cgi-bin/prnh/20021125/NYM018LOGO )

By leveraging the best of what ADP has to offer through its ProVisor(R) application, including real-time access to account-level and tax lot information as well as online order entry, and integrating it with Finaplex Wealth(R), a suite of wealth management applications, ADP and Finaplex will provide a unique advisor desktop. Finaplex Wealth includes proposal generation, asset allocation and modeling, portfolio management, performance measurement/reporting and portfolio rebalancing. In addition, ProVisor is tightly coupled with the Brokerage Processing Services back office, resulting in a seamless view of account level data, including customer assets, activity and other account related information.

"We are delighted to announce this partnership with Finaplex. We chose Finaplex as our partner after a comprehensive evaluation of firms in this space and have concluded that Finaplex has the market leading wealth management solution available today. This unique offering will enable ADP's clients to attract and retain top tier advisors, generate additional revenue and improve customer retention and satisfaction," commented Marianne Brown, Senior Vice President and General Manager, ADP Brokerage Processing Services.

"Our partnership with ADP provides the best wealth management solution for ADP's clients who want to seamlessly run their desktop and mid-office enterprise wealth management applications with world class ADP serviced applications," said Pete Tierney, Finaplex President and CEO. "We're pleased we've been able to partner with ADP to offer ProVisor Wealth to the marketplace, and we fully support ADP's renewed product strategies for investment managers and advisors worldwide."

ProVisor is ADP's browser-based desktop application that offers financial consultants and other front-office professionals access to critical portfolio information, including real-time tax lot updates and contact management capabilities, coupled with automated order entry and real-time market data. ProVisor offers financial professionals and other sales personnel a comprehensive desktop application that will increase overall productivity in the front office, and through its integration with ADP BPS securities processing engine, streamline the firm's back office operations.

Finaplex is a leading provider of enterprise software solutions for the wealth management and financial services industries. It's flagship product, Finaplex Wealth, was created to incorporate best practices into the wealth management cycle. The Finaplex Product Suite, is a holistic solution that combines comprehensive data consolidation capabilities that integrate information from all in-house and third-party sources, sophisticated portfolio management, and web-based, modular business components that maximize the effectiveness of the entire wealth management cycle.

About ADP Brokerage Services Group

As the premier provider of transaction services to the financial industry, ADP has the capacity and technological expertise to assist its clients in differentiating themselves in the marketplace. ADP brings to financial intermediaries advanced, integrated systems for securities processing, desktop productivity and investor communication services, all focused on providing solutions for straight through processing and World Class Service.

ADP, with $7.8 billion in annual revenues and approximately 550,000 clients, is one of the largest independent computing services firms in the world. For more information about ADP Brokerage Services Group, please visit our web site at http://www.bsg.adp.com/ and for other ADP services and investor information, please visit http://www.adp.com/.

About Finaplex, Inc.

Finaplex builds enterprise software and operates hosting services for the industry's leading wealth management advisory firms, including 3 of the top 10 firms in the industry. Finaplex was the first to implement a complete new generation of web services based software applications supporting world class investment advisory services.

Finaplex was founded in March of 2000 by three financial industry executives seeking to address a pressing business problem in the retail financial services industry. Based in New York and San Francisco, Finaplex is today a leading provider of wealth management and retail investment technology solutions. In addition to creating and offering market leading products, the company and founders are also actively involved in defining the role of how technology is applied to wealth management.

The product suite created by Finaplex, called Finaplex Wealth(R), is a true platform solution that embodies portfolio management, relationship management and customer administration, delivering on a unique value proposition of integrated applications leveraging a common, holistic data set. Finaplex Wealth is uniquely designed to support retail, institutional and correspondent services wealth management and investment processes across the front and mid office. It is also designed to easily serve firms ranging in size from large global investment banks to independent advisors.

For more information, please visit the Finaplex web site at http://www.finaplex.com/.

Press Contacts:
Dorothy Friedman Michelle Carranza
ADP Brokerage Services Group Finaplex, Inc.
+1-212-918-6920 +1-415-229-2269
Dorothy_Friedman@adp.compressinfo@finaplex.com

Photo: http://www.newscom.com/cgi-bin/prnh/20021125/NYM018LOGO
Source: ADP Brokerage Services Group

CONTACT: Dorothy Friedman of ADP Brokerage Services Group,
+1-212-918-6920, or Dorothy_Friedman@adp.com; or Michelle Carranza of
Finaplex, Inc., +1-415-229-2269, or pressinfo@finaplex.com

Web site: http://www.bsg.adp.com/
http://www.finaplex.com/
http://www.adp.com/


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