CheckFree Investment Services Company and Product Information Page
CheckFree Investment Services
10 Exchange Place, 23rd Floor, Jersey City, NJ 07302
Contact Name/Title: Jamie Waller, Senior Vice President
Phone Number: 201-332-2020
Email Address: [email protected]
Web Address: www.checkfree.com
Company Background:
CheckFree Investment Services was established in May 1996 with the acquisition by CheckFree Holdings Corporation (NASDAQ: CKFR) of Security APL, a recognized leader in portfolio management and reporting systems since 1978.
The company thrives today as the leading outsourcer of investment management, reporting, trading and performance measurement systems to the investment advisory and broker/dealer industries. The company’s two distinct service offerings---CheckFree APL WRAP and CheckFree APL, are designed to address the needs of two key markets--- those firms specializing in broker mediated money management or "wrap-fee", and the institutional high-net worth money management arena.
Recognized as the pioneer in both wrap system design, and in the processing of wrap accounts, it is no surprise that many of the leading wrap managers and wrap sponsors have chosen to make CheckFree APL WRAP their system of choice. As the industry leader in the outsourcing of automated portfolio management services, institutional clients of CheckFree APL, are equipped to introduce and support new product and services more readily than their peers. With CheckFree APL WRAP and CheckFree APL, clients are able to focus on what they do best--- manage money.
Company Executive Team:
Checkfree Investment Services boasts an executive team of accomplished experts in financial services. President -Frank Polashock, Senior Vice President Sales/Marketing- Jamie Waller, Vice President Marketing- Hilary Fiorella, Vice President Wrap Managers/Sponsors- Cheryl Nash, Vice President Wrap Consultants- William Vaughan, Vice President Traditional- Terry McNamara
Company Financial Performance:
Company rev’s of over $32 million. Maintained growth rate of plus 30%.
Product Name & Description:
CheckFree APL WRAP:
• A proven outsourced portfolio analysis and trade modeling system designed exclusively for the wrap market place.
• A highly scalable processing solution capable of accommodating large trading and reporting volumes.
• APL WRAP serves as the information conduit between many of the leading wrap managers and sponsors in the industry.
• APL WRAP features: a fully integrated tax lot system, trade management and trade routing system, graphical reporting, complete mutual fund wrap capabilities, AIMR-compliant return calculations.
• Internet reporting capabilities with APLACCESS.
CheckFree APL:
• A service bureau based real-time portfolio management and reporting system that operates on a NUIX-based platform.
• Allows clients to enter and maintain account data, manage trades and measure performance.
• APL features: tax lot engine, AIMR compliant performance and reporting, trade modeling system, customized manager and client reporting, interfaces to DTC and major custodial banks, external data sources.
• CheckFree APL PLUS: all the processing power of CheckFree APL with the ease of use associated with a client/server interface.
Product Price Range:
$3000.00 a month minimum to start.
Existing Clients:
Charles Schwab, Inc., Rittenhouse Financial Services., A Division of John Nuveen & Co.
Strategic Partners:
Vestek Systems- Performance attribution
Blackbook Software- Contact Managment
Business Technology Alliance (BTA)- data warehouse, internet reporting
Customer Support Provided:
Customer service and support is offered through a dedicated account management team. Each client has a designated account manager for day to day issue management. A full time 24/7 operational team is available for all technical and system support issues.
Upcoming Product Developments / Product Releases:
Tax Aware Trading • Enhanced Mutual Fund Wrap • Flexible Postscript Reporting
Enhanced APL PLUS module for trading
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