Stockpoint Launches Portfolio Pro; Online Market Analysis Tool Offers Enhanced Tracking and Monitoring of Stocks and Mutual Funds.Business EditorsSAN FRANCISCO--(BUSINESS WIRE)--July 31, 2000 Stockpoint(R), Inc. (www.stockpoint.com), a leading provider of online investment analysis tools and financial information, today announced the release of Portfolio Pro, a licensed online portfolio application that offers breadth and functionality that is unparalleled in the market. Stockpoint recently began marketing Portfolio Pro to its business customers, which include blue-chip online and traditional brokerages, investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. and media portals. A transaction-based application, Portfolio Pro simplifies the manner in which the user will track, monitor and analyze his or her holdings and provide a comprehensive historical record of the user's investments, showing users all activity leading to their current investment profile. The feature-rich Portfolio Pro will calculate multiple transaction types and accounts; compute To perform mathematical operations or general computer processing. For an explanation of "The 3 C's," or how the computer processes data, see computer. scheduled transactions such as regular monthly investments and dividend reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. ; and investment allocation The apportionment or designation of an item for a specific purpose or to a particular place. In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as . In addition, a feature for tax lot accounting gives users the ability to purchase and sell from individual lots. "We are pleased to offer Portfolio Pro as the latest generation of innovative applications designed to serve today's online investor, whether sophisticated or beginner," said Bill Staib, chief executive officer of Stockpoint. Worth Interactive, a Stockpoint customer that is launching the first Internet portal dedicated to the wealth market, plans to initiate its service in the fall with Portfolio Pro in place. "Stockpoint will deliver an excellent mix of portfolio management tools to the sophisticated Worth.com audience," said Len Costa, senior producer of Worth.com. "Portfolio Pro is the most comprehensive turnkey See turnkey system. offering we've seen in the market." To view Portfolio Pro, go to www.stockpoint.com and click on portfolio. Stockpoint's Portfolio Pro provides enhanced and ancillary Subordinate; aiding. A legal proceeding that is not the primary dispute but which aids the judgment rendered in or the outcome of the main action. A descriptive term that denotes a legal claim, the existence of which is dependent upon or reasonably linked to a main claim. features including: -- Transaction-based vs. position-based portfolio: Tracks current positions and maintains a historical record of all investments. -- Multiple transaction types: Monitors expanded transactions options such as short sales, buy to cover, splits, dividends and scheduled transactions. -- International: Includes holdings and currencies from most major European markets for an additional fee. -- Timely alerts: Indicators notify user of relevant events such as splits, mergers, news and analyst actions affecting the holdings. -- Views and charts: Allows portfolio or individual account to be viewed as a chart by fund classification, industry, total investment mix, equity market cap and international. -- Automation: Provides intraday Intraday Another way of saying "within the day." Notes: This term is often used for the new highs and lows of a security. For example, "a new intraday high" means a security reached a new all-time high throughout the trading day, but then fell by closing. updates on splits and dividends as well as automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. scheduled transactions. About Stockpoint, Inc. Stockpoint(R) is a leading provider of online investment analysis tools and financial information. The company develops and integrates sophisticated financial applications to provide its clients customized financial components to their Web sites. In doing so, Stockpoint allows organizations such as Web portals See portal. , media companies, traditional and online brokerage firms, commercial banks, asset managers, electronic communication networks, 401(k) sponsors and insurance companies to reliably outsource key Web responsibility and benefit from industry leading functionality. Stockpoint's many clients include eight of the top 20 Internet Brokers, as ranked by Gomez Advisors. Stockpoint, recently selected by CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. magazine as a "2000 Web Business 50/50" recipient, showcases its design and technical expertise for free at www.stockpoint.com. Stockpoint has also received accolades from Fortune, Forbes and Barron's for the quality of its Web offerings. |
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