DANVILLE, CA--(Marketwire - October 11, 2010) - MarketRiders, Inc. (www.marketriders.com), an online investment services company, today announced it has been selected to participate in a new Investing Applications platform from Seeking Alpha (http://seekingalpha.com), the popular site for stock market news, analysis and intelligent finance discussion. The "Seeking Alpha Investing Applications" (http://seekingalpha.com/store/apps-store-main) platform comprises a suite of top tier, investing tools. Users will now have easy access to MarketRiders' all-ETF online portfolio manager.
Seeking Alpha's applications platform allows its sophisticated community to discover, manage and track their investments. With the MarketRiders online portfolio manager, investors can easily create customized, globally diversified portfolios utilizing ETFs so fees are kept very low. The software includes over 1000 ETFs organized into 12 asset classes and sends alerts with instructions when it is time to rebalance. In addition, investors will be able to share and track their ETF portfolios with other Seeking Alpha investors. ETF portfolios will be categorized by strategy, asset allocations and other metrics so that investors can find and utilize the portfolios built by other Seeking Alpha members.
"We are thrilled to be included in Seeking Alpha's choice of Investing Applications, particularly since we know their rigorous standards for investing content, and that they bring that same discipline into selecting tools for this new offering," said Mitch Tuchman, CEO, MarketRiders. "The MarketRiders approach to investing will appeal to the Seeking Alpha audience which thrives on discovering and researching new investing ideas and tools and wants the very best when it comes to managing their money."
The Seeking Alpha Investing Applications Platform provides self-directed and retail investors with the type of tools previously found in the hands of investment firms and analysts and used by the richest families and largest endowments. The new suite of Apps will be fully integrated with Seeking Alpha Quote and Portfolio pages.
"We are delighted to have MarketRiders as one of the Launch Partners for our new Investing Applications Platform. Seeking Alpha is focused on finding great applications which can help our users make better investments. ETFs are very popular with our users and MarketRiders' ETF portfolio solution looks like a great fit for our user base," said Avrom Gilbert, Seeking Alpha COO.
About MarketRiders
MarketRiders provides investors with online portfolio management services to implement a sophisticated asset allocation strategy used by the wealthiest families and elite institutions. By creating a globally diversified portfolio, keeping investment costs low through the use of ETFs and rebalancing as needed, MarketRiders customers can generate superior retirement returns without trying to beat the market or pick stocks. The software has been reviewed in the Wall Street Journal, Barron's, USA Today, New York Times, and Forbes among others, and was named one of the eight Fast Company 2009 Innovative Financial Companies to Watch. MarketRiders co-founders contribute regularly to U.S. News' "Smarter Investor." CEO Mitch Tuchman has appeared on CNN, CNBC and Fox. For more information, visit www.marketriders.com.
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