AdvisorCentral and Savingforcollege.com Guru Joe Hurley Join Forces, Offering the Industry's Most Comprehensive 529 Resource.Business Editors BOSTON--(BUSINESS WIRE)--Jan. 26, 2004 Turnkey See turnkey system. 529 Service Will Feature All Available 529 Plans, and Be Open to Broker-Dealers and Advisors Regardless of their Mutual Fund Company Affiliations AdvisorCentral, a core business-building portal for financial advisors and broker-dealers, has announced it is joining forces with Joe Hurley Hurley has become the English version of at least three distinct original Irish names: the Ó hUirthile, part of the Dál gCais tribal group, based in Clare and North Tipperary; the Ó Muirthile, based around Kilbritain in west Cork; and the OhIarlatha, from the district of , the founder of Savingforcollege.com, the world's leading online resource for 529 Savings Plans. Through this far-reaching far-reach·ing adj. Having a wide range, influence, or effect: the far-reaching implications of a major new epidemic. alliance, registered AdvisorCentral users will have seamless access to the world's largest 529 plan database, along with the most comprehensive resource for supporting advisors and broker-dealers through the entire 529 sales and service cycle. The alliance will open up AdvisorCentral to all financial professionals who sell and service any 529 plan. The alliance is an exclusive arrangement, whereby Savingforcollege.com will make key portions of its resources for financial advisors and broker-dealers available only through AdvisorCentral. Via the alliance, AdvisorCentral will ultimately offer a turnkey 529 plan resource, beginning with front-end research, information and support from Joe Hurley, and followed by access to online account setup See BIOS setup and install program. and transaction capabilities, as well as post-sale servicing. In addition, AdvisorCentral will offer custom integration services to harmonize research and transaction capabilities with broker-dealers' specific marketing and compliance systems. "It is a pleasure to join forces with Savingforcollege.com, which shares AdvisorCentral's commitment to providing independent and objective information for the entire financial community," said Harry Groom, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AdvisorCentral. "AdvisorCentral has a completely open business model and is committed to being fund neutral. Savingforcollege.com is recognized for offering unbiased information--leaving decision making entirely to investors and their financial advisors." "We are excited to be entering into a 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. relationship with AdvisorCentral, which naturally extends the services of Savingforcollege.com," said Joe Hurley. "AdvisorCentral will provide access to advisors to open 529 accounts and complete transactions online--creating an efficient, full-service model for the 529 product. By combining the depth of information available through Savingforcollege.com with the technological resources of AdvisorCentral, we will deliver an unsurpassed service for growing 529 plan sales." AdvisorCentral and Savingforcollege.com will launch the service in the spring. Savingforcollege.com provides many features to the broker-dealers and advisors through 529 Pro Solutions. 529 Pro Solutions includes valuable research on each of the plans and includes the exclusive V-index. The V-index is the industry's first apples-to-apples plan comparison tool. 529 Pro Solutions also allows users to compare an unlimited number of plans through the Super Evaluator in over 70 data points. Broker-dealers and advisors seeking information on a specific plan may do so in 529 Plan Details while timely articles and updates are available with the Resource Library and Pro Developments. In addition to the research available through 529 Pro Solutions, Savingforcollege.com maintains the Find a 529 Pro directory listing of advisors. This is a unique lead generation tool in which consumers actively seek advisors by geographic location through Savingforcollege.com's public web site. Announcement of the alliance with Savingforcollege.com is the latest in a series of milestones for AdvisorCentral. Over the past year, AdvisorCentral has increased enrollments 100 percent to 65,000 advisors and broker-dealers; mass enrolled advisors from 15 major broker-dealer Broker-Dealer A person or firm in the business of buying and selling securities operating as both a broker and dealer depending on the transaction. Notes: Technically, a broker is only an agent who executes orders on behalf of clients, whereas a dealer acts as a principal organizations; seen monthly "hits" increase to 2.5 million; and announced alliances with Financial Research Corporation, WiserAdvisor.com and Acadient, Inc. About Savingforcollege.com, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control Founded in 2000, Savingforcollege.com, LLC provides families and financial professionals with independent and objective information, education, and published content on the 529 college savings plans. Savingforcollege.com maintains the world's largest 529 plan database for over 120 plans across more than 70 data points in 12 categories. Its flagship services, 529 Pro Solutions and the Find a 529 Pro directory, have become the leading resources for financial professionals when building their college planning advisory practices. Savingforcollege.com also maintains the leading 529 plan website destination for consumers with upwards of 250,000 unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. each month. Joseph Hurley, founder and CEO of Savingforcollege.com, is the author of the top selling publication "The Best Way to Save for College: A Complete Guide to 529 Plans." The privately-held company is headquartered in Pittsford, New York Pittsford may refer to two municipalities in the suburban area of Rochester, New York in the United States:
About AdvisorCentral AdvisorCentral (advisorcentral.com) serves as a core business-building portal for financial advisors and broker-dealers--providing indispensable information and access to commentary, research, and workplace resources. Leveraging industry-standard technologies for ease of use, AdvisorCentral provides advisors with consolidated views of their clients' mutual fund and 529 plan holdings across all participating companies and receives nearly 2.5 million monthly queries. While features may vary by company, AdvisorCentral offers a range of additional capabilities such as the ability to make purchases, exchanges and redemptions; view detailed historical transactions; calculate contingent deferred sales charges Contingent deferred sales charge (CDSC) The formal name for the load of a back-end load fund. contingent deferred sales charge A mutual fund redemption fee that is reduced or eliminated for specified holding periods. ; and directly link to participating companies' Web sites. AdvisorCentral is jointly owned by Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. (R), Franklin(R) Templeton(R) Investors Services, Inc., Putnam Investments Putnam Investments was founded in 1937 by George Putnam. At the same time, he founded its first mutual fund offering, The George Putnam Fund of Boston.[1] Putnam has offices in London and Tokyo, and its headquarters is located in Boston, Massachusetts. and PFPC PFPC Professional Financial Planning Course (Canadian Securities Institute) Inc., a member of the PNC Financial Services PNC Financial Services (NYSE: PNC) is a U.S.-based financial services corporation, with assets of $92.0 billion. PNC operations include a regional banking franchise operating primarily in eight states and the District of Columbia, specialized financial businesses serving Group, Inc. Editors and reporters seeking interviews with AdvisorCentral should contact Dawn Ringel, Warner Communications, at 781-449-8456 or dawn@warnerpr.com. |
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