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UJB FINANCIAL'S INVESTMENT STRATEGY ACCOUNT TAILORED TO MEET NEW JERSEY INVESTORS' FINANCIAL NEEDS

          UJB FINANCIAL'S INVESTMENT STRATEGY ACCOUNT
    TAILORED TO MEET NEW JERSEY INVESTORS' FINANCIAL NEEDS
    PRINCETON, N.J., Nov. 14 /PRNewswire/ -- A new mutual fund program which gives investors greater flexibility and more control over how their assets are invested, with the benefit of professional money management, is now available to all New Jersey residents from UJB Financial Corp.
    Called the Investment Strategy Account, the program uses an asset allocation strategy that allows investors, with a minimum investment of $10,000, to divide their investment dollars among the various asset classes within six different mutual fund portfolios.
    UJB Financial last month completed state-wide roll out of the program by offering it to customers in south Jersey through United Jersey Bank/South, N.A. in Cherry Hill.  The Investment Strategy Account was recently introduced to customers in north and central Jersey through UJB Financial's other New Jersey member bank subsidiaries.
    "The United Jersey Banks are the first banks in New Jersey to offer investors mutual fund portfolios with this type of investment advisory service," says William F. Flyge, executive vice president, investment management division.  "We are also the only bank offering this type of investment program through our bank branches.
    "Customers have asked for services and products that offer greater diversification of their investment assets and we have responded to their needs," adds Flyge.
    "Investors can now tailor their mutual fund portfolio to meet their specific financial needs through the asset allocation strategy," says Rosita S. Morgan, vice president of marketing, investment management division, who is also a certified financial planner.
    The portfolios range from extremely conservative, such as capital preservation with nothing in common stocks, to aggressive, such as capital appreciation, which may be 95 percent in stocks.
    Investors can easily determine which portfolio best meets their financial needs by completing a simple quiz provided by UJB Financial to measure risk tolerance, investment objectives and time horizon.
    A team of professional money managers guide the funds and adjust the asset allocation proportions each quarter based on market conditions to obtain maximum investment results.  In addition, investors are contacted annually to review their financial goals to determine whether the portfolio selection is still appropriate.
    Investors can conveniently open an Investment Strategy Account at any United Jersey bank branch office throughout New Jersey.
    UJB Financial Corp. (NYSE: UJB) is one of the leading bank holding companies in the United States, with $13 billion in assets. UJB Financial Corp. has 268 banking offices in New Jersey and eastern Pennsylvania.
    -0-          11/14/91
    /CONTACT:  Daniel J. Mucisko of UJB Financial, 609-987-3332/
    (UJB) CO:  UJB Financial Corp. ST:  New Jersey IN:  FIN SU:  PDT JT -- NY030 -- 4325 11/14/91 10:12 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 14, 1991
Words:447
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