Contact Information: Contact: Advisor Software, Inc. Neal Ringquist (925) 444-1330 nringquist@advisorsoftware.com
Advisor Software Awarded Patent for Goal-Based Advice Solution
Innovation Enables Straight-Through Process to Connect Financial Plan With Investment Advice
| Source: Advisor Software, Inc.
LAFAYETTE, CA--(Marketwire - April 14, 2009) - Advisor Software, Inc., a leading provider of
wealth management solutions for the advisor market, today announced that
the United States Patent and Trademark Office has granted the company a
patent for a unique process used in its ASI Wealth Manager® application
that determines a multi-year investment strategy based on financial
planning inputs, such as tiered household goals, human capital, investment
accounts and real estate holdings.
The newly issued U.S. Patent No. 12/038,712, titled "Stochastic Control
System and Method for Multi Period Consumption" describes a
workstation-based search algorithm which formulates investment strategies
that take into account uncertain economic environments over future decades
and maximizes against tiered personal goals. This unique methodology is
incorporated in ASI Wealth Manager, a goal-based investment management
system encompassing a comprehensive view of the household balance sheet.
"The advantage of this innovation is that is allows advisors to generate
investment recommendations considering comprehensive household information
in a fraction of the time it would normally take," says Advisor Software's
chairman and CEO Andrew Rudd. "Using this straight-through financial
planning and investment management process allows advisors to adopt an
asset-liability management framework for helping investors create a more
solid investment plan."
About Advisor Software, Inc.
Advisor Software, Inc. is a leading provider of wealth management solutions
for the advisor 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.