Cumberland Advisors, Inc. Ranked No.1 by Nelson's for Its Tax-Free, Total Return Portfolio Performance.Business Editors FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Feb. 28, 2001 BankAtlantic Bancorp (NYSE NYSE See: New York Stock Exchange :BBX BBX Business Basic Extended BBX Business Barter Exchange BBX Blue Bell, Pennsylvania (Airport Code) BBX Blockbuster Express (UK video store) ), parent company of Ryan, Beck & Co., announced today that Cumberland Advisors, Inc., a wholly-owned subsidiary of Ryan, Beck & Co., LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , has received top rankings as a total return municipal bond manager for its actively managed tax-free portfolios with a total return objective. Cumberland has been ranked as one of the best performing money managers within its respective peer group in the fourth quarter 2000 edition of "World's Best Money Managers" produced by Nelson Publications, an internationally recognized investment manager database and ranking service based in Port Chester, New York Port Chester is a village in Westchester County, New York, United States. The population is 27,867, according to the 2000 census, however, a July 1, 2002 Census estimate puts the village's population at 27,949. As a village, it is located in the Town of Rye. . "This is a wonderful acknowledgement of the energy and hard work performed by our team at Cumberland," said David R. Kotok, President and Chief Investment Officer. "Our clients have benefited by these results and we have achieved this terrific recognition for that success." Robert M. Berson, President at Ryan, Beck & Co., added, "We are very pleased with the extraordinary results achieved by the Cumberland team. We look forward to developing and expanding the role of Cumberland Advisors so that all of our clients can derive the benefits of this relationship". Cumberland received recognition for its active management of tax-free municipal bond portfolios for the following categories: For the period ending December 31, 2000, in the US MUNICIPALS (ALL DURATIONS) category, Cumberland was ranked: 1 out of 154 municipal bond composites/funds for the quarter 1 out of 152 municipal bond composites/funds for one-year 18 out of 144 municipal bond composites/funds for three-years 13 out of 119 municipal bond composites/funds for five-years 10 out of 49 municipal bond composites/funds for ten-years For the period ending December 31, 2000, in the US MUNICIPALS (DURATION 3+Yrs.) category, Cumberland was ranked: 1 out of 52 municipal bond composites/funds for the quarter 1 out of 52 municipal bond composites/funds for one-year 10 out of 46 municipal bond composites/funds for three-years 8 out of 41 municipal bond composites/funds for five-years 8 out of 22 municipal bond composites/funds for ten-years Every quarter, the Nelson Investment Manager Database (www.nelnet.com) collects performance data from over 1,500 investment managers on over 4,500 portfolios. The World's Best Money Managers is a published service, which screens, categorizes and ranks this performance data in a series of 200 ranking reports. About Cumberland Advisors, Inc.: Cumberland Advisors, Inc. services clients in approximately 26 of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and internationally. Its main office is located in Vineland, New Jersey For other uses, see Vineland (disambiguation). Vineland is a city in Cumberland County, New Jersey, United States. As of the United States 2000 Census, the city had a total population of 56,271. with a regional office in Portland, Maine. Cumberland supervises approximately $500 million in assets for individuals, institutions, retirement plans, governmental entities and cash management portfolios. Cumberland manages approximately $33 million in total return taxable bond Taxable Bond A debt security whose return to the investor is subject to taxes at the local, state or federal level, or some combination thereof. Notes: The majority of bonds issued are taxable bonds. portfolios and approximately $243 million in total return municipal bond portfolios with client concentrations in California, Florida, Nevada, New Jersey, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Pennsylvania; the firm also manages stock, balanced and income-oriented tax-free and taxable bond accounts. Cumberland Advisors, Inc. is a subsidiary of Ryan, Beck & Co., based in Livingston, New Jersey. For further information about Cumberland Advisors, please visit our website at www.cumber cum·ber tr.v. cum·bered, cum·ber·ing, cum·bers 1. To weigh down; burden: was cumbered with many duties. 2. .com. About Ryan, Beck & Company: Ryan, Beck & Co., a subsidiary of BankAtlantic Bancorp, Inc., is headquartered in Livingston, New Jersey and has offices in New Jersey, Florida, Pennsylvania, New York and Boston. A full-service broker Full-Service Broker A broker that provides a large variety of services to its clients, including research and advice, retirement planning, tax tips, and much more. Of course, this all comes at a price, as commissions at full-service brokerages are much higher than those at discount dealer, the firm engages in underwriting, market making, distribution, and trading of equity and debt securities. In addition, the firm provides money management services and general securities brokerage, including financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against for the individual investor. The firm also provides consulting and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to financial institutions and middle market companies. Ryan, Beck & Co. provides independent research in the financial institutions, technology, healthcare/pharmaceutical and consumer product industries. About BankAtlantic Bancorp: BankAtlantic Bancorp (NYSE: BBX) is a diversified financial services holding company and the parent company of BankAtlantic, Ryan, Beck & Co. and Levitt Corporation. Through its subsidiaries, BankAtlantic Bancorp provides a full line of products and services encompassing consumer and commercial banking, brokerage and investment banking, and real estate development. BankAtlantic, one of the largest financial institutions headquartered in Florida, provides a comprehensive menu of banking services and products via its broad network of community branches throughout Florida. Levitt Corporation, which includes Levitt & Sons and St. Lucie West, was America's first builder of planned suburban communities and is best known for creating New York's Levittown on Long Island and Levittown, PA. After building more than 200,000 homes over 72 years, the Levitt tradition continues with residential developments throughout Florida. Furthermore, St. Lucie West has been the fastest growing community on Florida's Treasure Coast for the last 5 years. For further information, please visit our websites: BankAtlantic Bancorp: www.BankAtlantic.com Ryan, Beck & Co.: www.RyanBeck.com Cumberland Advisors: www.cumber.com Levitt & Sons: www.LevittandSons.com St. Lucie West: www.StLucieWest.com Note: If you would like to receive future BankAtlantic Bancorp news releases or announcements directly via email, please access the e-News banner on the Investor Relations Investor relations The process by which the corporation communicates with its investors. page at www.BankAtlantic.com. Statements in this release may constitute forward looking statements and are made pursuant to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Provision of the Private Securities and Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Forward looking statements are based largely on expectations and are subject to a number of risks and uncertainties including but not limited to the risks and uncertainties associated with economic, competitive and other factors affecting BankAtlantic Bancorp and Ryan, Beck, and their operations, markets, products and services, changes in interest rates and economic policies, volatility of the stock market, the success of new lines of business, significant growth in banking as well as non-banking initiatives, and other factors detailed in BankAtlantic Bancorp's SEC filings. |
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