Coates Analytics to Provide Wachovia Securities With Web-Based Business Reporting Services.

PHILADELPHIA -- Coates Analytics based here has entered into an agreement with Wachovia Securities, LLC, to provide reporting services to asset managers participating in the brokerage firm's managed money programs. Wachovia Securities is a unit of Wachovia Corporation (NYSE:WB)

Coates Analytics (http://www.coatesgroup.com) is a leader in the industry of technology consulting and customized benchmarking services. Its Web-based system securely communicates vital sales and asset information in numerous product categories including separately managed accounts, mutual funds, exchange-traded funds, and unified managed accounts.

According to chief executive Frank Coates, "The goal of this collaboration is to help Wachovia Securities' third party asset management firms work smarter by providing them with timely data for their fee-based platforms, thus enhancing and expanding their sales operations within the firm's distribution channels and product platforms."

About Coates Analytics

To optimize their effectiveness, profitability and assets under management, Coates Analytics provides financial services companies with solutions through specialized software, consulting, and business analysis tools. Clients they work with include mutual funds complexes, separately managed account specialists, hedge funds, institutional money managers, DB/DC providers, broker-dealers, RIAs, and private asset managers. Coates currently works with over 40 of the top 100 financial services companies.