2001 Press Releases

Advent Software, Nomura Make Strategic Investments in FOLIOfn

02/28/2001

VIENNA, Virginia – FOLIOfn, the online brokerage that invented FOLIO Investing℠, today announced that it has received strategic investments from Advent Software, Inc. (NASDAQ: ADVS), the leading provider of enterprise investment management software, and Seichou Technology Fund, a Nomura investment asset.

“These are exciting relationships for our company as we continue to enhance our first product, FOLIO Investing, and introduce new investment advisor offerings and other services,” said Steven M.H. Wallman, founder and CEO of FOLIOfn.

“We are thrilled about our alliance with Advent, the leading software provider to investment advisors. Advent’s wide reach and solid reputation in the financial services industry help make us a powerful combination.”

“We are equally enthusiastic that an investment asset owned by Nomura, one of the world’s premier global investment banks, has participated in this round. We’ve been talking with a number of prospective international partners, and we are excited about our expansion opportunities,” Wallman added.

“FOLIOfn has built a terrific new product for the industry, and we’re very excited to be able to offer it to our clients. Our extended relationship with them is another example of how committed we are to investing in the future for our clients,” said Peter Caswell, President and CEO of Advent.

Last month, Advent Software and FOLIOfn announced an alliance that will enable both companies to better serve investment advisors. As part of that relationship, FOLIOfn will be the exclusive provider of Folios℠ (custom baskets of stocks) through the Advent Office™ portfolio accounting and management system, licensed by more than 6,000 investment management firms. Investment advisors who use FOLIO Advisor℠, the version of FOLIO Investing designed to allow investment advisors to easily buy and manage customized stock portfolios for their clients, will be able to seamlessly download their FOLIO Advisor data into Advent Office.


About Advent Software

Advent Software, Inc. is the leading provider of Enterprise Investment Management solutions. The company provides a suite of complementary products for the front, middle and back offices of investment management organizations. Advent has more than 700 employees located in San Francisco, New York and Australia. The company’s common stock is traded on the NASDAQ National Market under the symbol ADVS.


About Folio Investing

Folio Investing, a division of FOLIOfn Investments, Inc., is an online brokerage that enables investors to manage stocks, ETFs, and mutual funds as integrated investment portfolios called “Folios” that deliver better control, greater transparency, and lower cost. Investors can create their own Folios, much like creating personalized ETFs or mutual funds, or invest in over 100 Ready-to-Go Folios representing market indices, sectors, geographical regions, target dates, and more. The Folio Unlimited Plan features unlimited commission-free trading in twice-daily windows for only $29 a month or $290 a year. Ready-to-Go Folios can be managed or unmanaged, are not registered investment companies, and are offered by FOLIOfn Investments, Inc., a registered broker-dealer. FOLIOfn Investments, Inc. does not provide investment, tax, or legal advice. FOLIOfn Investments, Inc., is a member of FINRA/SIPC.