AIM Investments Announces Launch of SunGard AllocationMaster on AIMinvestments.com.Business Editors HOUSTON--(BUSINESS WIRE)--Feb. 9, 2004 AIM Investments(SM) announced today the launch of SunGard AllocationMaster, a free Web-based solution that will help financial advisors in building and maintaining well-diversified investment portfolios for their clients. The software is available in the advisor section of AIMinvestments.com and represents AIM Investments' first foray into Verb 1. foray into - enter someone else's territory and take spoils; "The pirates raided the coastal villages regularly" raid encroach upon, intrude on, obtrude upon, invade - to intrude upon, infringe, encroach on, violate; "This new colleague invades my providing an interactive, online asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. program to financial advisors. The software system is the result of a partnership with SunGard Online Investment Systems and is driven by Frontier AllocationMaster, a SunGard application that uses Dr. Harry Markowitz's Nobel prize-winning techniques in Modern Portfolio Theory Modern portfolio theory Principals underlying the analysis and evaluation of rational portfolio choices based on risk return trade-offs and efficient diversification. modern portfolio theory See portfolio theory. . "SunGard's Frontier technology is considered one of the industry leaders for asset allocation," said Gene Needles, president and chief executive officer of A I M Distributors, Inc. "Diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. should be at the forefront of building a successful long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. investment portfolio. This software is just one way AIM Investments is working to provide solutions to the financial advisor, who we believe plays an integral role in helping investors meet their financial goals." AllocationMaster allows the advisor to input the client's current portfolio of investments and answer questions about their tolerance for risk. Using Modern Portfolio Theory, the software computes the optimal combination of asset classes that seeks to maximize return at each risk level. Thus, the software focuses on asset allocation and not merely fund performance. In addition to providing a choice of model portfolios, ranging from conservative to aggressive, AllocationMaster allows an advisor to choose any portfolio with an optimal level of return for the amount of risk appropriate for the client. The advisor can implement AIM or INVESCO funds into the proposed allocation The apportionment or designation of an item for a specific purpose or to a particular place. In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as in addition to pre-existing investment products from the client's portfolio. To minimize tax liability, the software factors in taxable and tax-deferred investments into the analysis. About AIM Investments Houston-based AIM Investments represents one of the nation's leading investment management companies. It is dedicated to building solutions for its clients with exceptional products and services through multiple investment management styles and a broad range of investment portfolios under the AIM and INVESCO brand names -- mutual funds, retirement products, separately managed accounts for high-net-worth and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , annuities, cash management, college savings plans, alternative investments and offshore products. Founded in 1976, AIM Investments had $149 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and approximately 11 million shareholders as of Dec. 31, 2003. For more information, visit www.aiminvestments.com. AIM Investments is a service mark of A I M Management Group Inc. and is the subject of a pending application for trademark registration. A I M Advisors, Inc., A I M Capital Management, Inc., AIM Private Asset Management, Inc., and AIM Alternative Asset Management Company, Inc. are the investment advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and for the products and services represented by AIM Investments. A I M Distributors, Inc. is the distributor for the retail mutual funds and Fund Management Company is the distributor for the institutional money market funds represented by AIM Investments. About AMVESCAP A I M Management Group Inc. is a subsidiary of AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ), a leading independent global investment manager dedicated to helping people worldwide build their financial security through a comprehensive array of retail and institutional products for clients in more than 100 countries. AMVESCAP had $371 billion in assets under management as of Dec. 31, 2003. Additional information is available at www.amvescap.com. Note to editors -- We are required to include the following information with our news release: For more complete information about any AIM or INVESCO Fund, including sales charges Sales Charge A commission or fee paid by an investor at the time of purchasing mutual fund shares. The charge is paid to a mutual fund salesperson or financial advisor and is intended to provide compensation for the financial salesperson's efforts in assisting their client select and expenses, please obtain the appropriate prospectus(es) from your financial consultant or by calling 800-347-4246. Please read the prospectus carefully before you invest or send money. A I M Distributors, Inc., Distributor. |
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