Capital Institutional Services Wins Three `Best in Class' Rankings from PLANSPONSOR's Transition Management Survey.DALLAS -- Capital Institutional Services, Inc. (CAPIS CAPIS Crisis Assessment Prevention Intervention Services CAPIS Customer Accessible Product Information System ), one of the industry's foremost institutional brokerages specializing in global agency trading and independent research distribution, has announced that its Transition Management team has been awarded three "Best in Class" rankings in PLANSPONSOR Magazine's 2006 Transition Management Survey. CAPIS received "Best in Class" honors in the categories of Post Trade Quality of Reporting, Pre-Trade Predicted Trading Costs Trading costs Costs of buying and selling marketable securities and borrowing. Trading costs include commissions, slippage, and the bid/ask spread. See: Transactions costs. and for its Interaction with Managers and Custodians. Overall, the PLANSPONSOR survey found that costs and communication were the most important to respondents this year. "We are extremely pleased to be recognized by our clients and the industry in this important survey," said Kristi Wetherington, CAPIS President and Chief Executive Officer. "While we specialize in small to mid-size transitions, we also have a proven track record of handling large and sophisticated transitions for our clients," she added. "Providing consistent pre-trade cost estimates, excellent client communication and high quality reporting are capabilities that we know matter to all of our clients and it is particularly rewarding to be acknowledged for our expertise in these areas." As one of the largest independent transition managers in the industry, with no ties to custodial or money management firms, CAPIS implements transition strategies focused solely on the interests of its clients. CAPIS has developed a highly coordinated, customized transition process used to minimize cost and market impact resulting from changes in asset allocations 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. . "CAPIS was a new entrant en·trant n. One that enters, especially one that enters a competition. [French, from present participle of entrer, to enter, from Old French; see enter. in the Transition Management Survey this year, and as such, made a strong showing among providers," said Quinn Keeler Keel´er n. 1. One employed in managing a Newcastle keel; - called also keelman ltname>. 2. A small or shallow tub; esp., one used for holding materials for calking ships, or one used for washing dishes, etc. , Senior Vice President of Research and Surveys at PLANSPONSOR. "Congratulations to CAPIS for delivering such a high degree of satisfaction to its clients," she added. PLANSPONSOR's Transition Management survey included responses from a total of 537 institutional clients representing 1,101 portfolio transitions. In terms of total value, these respondents were responsible for completing more than $281 trillion in portfolio transitions in 2005. Details of the survey, including methodology, can be found at http://www.plansponsor.com/ under Surveys/Transition. About Capital Institutional Services, Inc. Capital Institutional Services, Inc. (CAPIS) is a leading U.S. institutional brokerage firm specializing in global agency trading and independent research distribution for asset managers and plan sponsors. CAPIS has successfully developed and provided an array of brokerage solutions specifically tailored to the institutional marketplace since 1977. CAPIS executes all trades on an agency basis, eliminating any conflict of interest; and plan sponsors, investment managers and broker-dealers have come to trust CAPIS for its expertise in directed brokerage, transition management and commission recapture relationships. CAPIS is a member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. , Pacific Stock Exchange, the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. , and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . For more information, visit www.capis.com |
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