LEGENT CLEARING/IPS ADVISOR PRO OFFERS WEALTH MANAGEMENT.

IPS AdvisorPro(R) and Legent Clearing have announced a strategic alliance to offer Investment Policy Statement software to Legent Clearing clients.

"Legent Clearing's partnership with IPS AdvisorPro(R) is part of our recognition of the need to provide our introducing firms with the best tools to enhance rep productivity and increase assets under management," said Legent's Bill Zelasko, executive vice president of Correspondent Services. "IPS AdvisorPro(R) offers a unique combination of suitability, financial planning and marketing features that complements our growing menu of wealth management products and services."

"An investment policy statement is a great tool for advisers, enabling them to readily provide value to their clients," said Linda Lubitz Boone, CFP(R), co-founder of IPS AdvisorPro(R). "An IPS is legally required for all ERISA plans and for virtually all trust and institutional clients. Using an IPS with individual clients has so many benefits that it is now considered a best practice for advisors."

According to IPS AdvisorPro(R) co-founder Norman M. Boone, MBA, CFP(R), it can be extremely time consuming to create a high-quality, customized IPS, which is why many advisors either don't create one or use one that is not customized. "Investors have the right to know how their money is going to be managed, said Boone, "and the IPS AdvisorPro(R) software enables advisors to create detailed, customized Investment Policy Statements in under 15 minutes."

Investment Policy Statements can be as short as two pages or as long as needed, and are most effective when customized to a client's situation. Although Investment Policy Statements have been around for many years, only under recent regulatory and media pressure for heightened transparency have the documents started to become widely adopted.

About Legent Clearing

Legent Clearing is a leading independent provider of correspondent clearing services. Since its founding in 2002, Legent has grown rapidly as a result of its unique combination of independence, best-of-breed technology and ability to offer customized solutions. Legent provides access to investment products such as equities, mutual funds, foreign securities, fixed income investments, prime brokerage, options, annuities, DVP/RVP and WRAP accounts through a variety of online tools and platforms. Legent Clearing, a wholly owned subsidiary of Legent Group, is headquartered in Omaha, Neb.

About IPS AdvisorPro(R)

IPS AdvisorPro(R) is the acclaimed web-based software that creates fully-customized investment policy statements in only minutes. Named "Software of the Year" by Morningstar's Tech Editor Joel Bruckenstein, IPS AdvisorPro(R) sets the standard for developing professional IPS in modern wealth management. Founders, Norm Boone, MBA, CFP(R) and Linda Lubitz Boone, CFP(R) are the nation's leading experts in investment policy statements, each having regularly been named by Worth magazine as one of the "Best 100 Financial Advisers" in the country. They own their own respective wealth advisory firms, and together wrote the best-selling book Creating an Investment Policy Statement (FPA Press, 2005).

For more information, visit http://www.ipsadvisorpro.com or call 415/788-1952 or visit http://www.legentclearing.com or call 866/776-0218.