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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Prescott who wrote (20116)	8/18/2003 9:47:29 AM
From: StocksMan	Read Replies (1) \| Respond to of 20297

OFI Private Investments Rolls Out CheckFree M-Pact To Build its Separately Managed Accounts Business Monday August 18, 9:30 am ET ATLANTA and JERSEY CITY, N.J., Aug. 18 /PRNewswire-FirstCall/ -- CheckFree Investment Services, a division of CheckFree Corporation (Nasdaq: CKFR - News), today announced that OFI Private Investments, a subsidiary of OppenheimerFunds, Inc. (OFI), licensed and is rolling out to its sales force and marketing personnel a customized version of CheckFree M-Pact, the company's Web-based application for automating and streamlining the separately managed accounts sales, advisory and proposal process. The OFI Private Investments sales force and marketing group are leveraging M-Pact's vast separately managed accounts manager data to create proposals for advisor clients with a "best-fit" blend that powerfully demonstrates the strength of OFI's offerings in relation to competing products. OFI Private Investments provides professional money management services through the fee-based platforms of numerous registered broker/dealers and registered investment advisors. CheckFree Investment Services is the leading provider of outsourced trading, portfolio management, accounting, reporting services and data to broker/dealers and money managers in separately managed accounts (SMA). "CheckFree M-Pact enables managers to sell more accounts and better service their sponsor relationships, because it offers comprehensive, separately managed accounts data and tools for creating value and showcasing market distinction," said Alex Marasco, CheckFree Investment Services executive vice president and general manager. M-Pact incorporates separate accounts information with flexible data sets on multiple SMA products and strategies, and provides tools for client profiling, asset allocation modeling, portfolio blending and proposal creation. CheckFree clients can customize and private label services that are provided using the application. Earlier this year, CheckFree announced that Charles Schwab & Co. Inc. licensed and customized M-Pact, and introduced it under the private label, Money Manager Analysis and Proposal System (MMAPS) to independent investment advisors with Schwab Institutional. Advisor-Link, a private label, customized Web-based version of M-Search with select M-Pact features, was deployed last year by A.G. Edwards to enable its financial consultants to build tailored investment strategies for clients. . . biz.yahoo.com