Capital Advisors Live On CheckFree APL
Wednesday April 23, 9:33 am ET
-- Manager Converts Portfolios to CheckFree APL to Grow Separately Managed Accounts Business --
ATLANTA and JERSEY CITY, N.J., April 23 /PRNewswire-FirstCall/ -- CheckFree Investment Services, a division of CheckFree Corporation (Nasdaq: CKFR - News), today announced that Capital Advisors, Inc., a manager of large-cap growth and short to intermediate fixed income portfolios, has converted its actively managed accounts to CheckFree APL. The firm is leveraging CheckFree APL's portfolio management functionality, tools for generating both composite and client reporting and connectivity to separately managed account sponsor programs. CheckFree Investment Services is the leading provider of outsourced trading, portfolio management, accounting and reporting services to broker/dealers and money managers in separately managed accounts (SMA).
"As we look to build our separately managed accounts business, CheckFree APL will prove instrumental in enabling us to streamline operations and workflow behind creating customized (asset allocation), balanced portfolios for our SMA clients," said Capital Advisors vice president and portfolio manager, Richard S. Lofgren.
Capital Advisors transferred approximately 1,000 portfolios to CheckFree APL from its previous platform provider. "Not unlike other managers interested in building their SMA business, Capital Advisors has moved its portfolios to CheckFree APL for the seamless workflow solutions, scalability and unrivaled manager-sponsor linkages the platform offers," said CheckFree Investment Services executive vice president and general manager, Alex Marasco. "We look forward to becoming an important partner and contributor to Capital Advisors' goals for expansion in the SMA arena. . ."
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