Barclays Stockbrokers chooses CheckFree ALP Wrap to automate Managed Accounts Programme Thursday 2 August 2001 PDF Print LONDON, UK. 2st August, 2001 – CheckFree Investment Services, a division of CheckFree Corporation (NASDAQ: CKFR) today announced that Barclays Stockbrokers, the largest UK-based retail brokerage, is preparing to go live on its CheckFree APL WRAP system. Barclays Stockbrokers, a business unit of Barclays Bank plc, will use CheckFree APL WRAP to automate its Barclays Managed Account Program (BMAP), a separately managed account service for the firm’s high net worth clients introduced last year. CheckFree APL WRAP offers remote processing services to professional money managers and financial advisors for the automation of investment management, trading, portfolio performance and investor reporting. As the leading portfolio analysis and wrap trade modeling platform, CheckFree APL WRAP serves as a Wrap Network for 38 of the top 50 Wall Street (sponsor) firms and 36 of the top 40 managers that interface with each other. M-Search, the leading database of institutional money managers from CheckFree Investment Services, also provides industry professionals with the most comprehensive source of manager performance. “We are proud to have a relationship with the UK’s first wrap sponsor,” said CheckFree Investment Services Vice President, Hilary Fiorella. “Barclays Stockbrokers is breaking new ground in the UK for separately managed account services, and we look forward to providing them highly scalable services that will support their ongoing growth,” said Ms. Fiorella. Barclays Stockbrokers will utilise CheckFree APL WRAP for trading, straight-through processing (STP) and performance reporting, as well as a Wrap Network for automating workflow among its custodian and a growing list of institutional money managers, the first two of which include Brandes Investment Partners and Lazard Asset Management. Barclays Stockbrokers will soon link with additional global money managers – each representing diverse styles and disciplines – via CheckFree APL WRAP. “Doing business efficiently as a wrap sponsor means, in part, working with a service provider that can offer interfaces with major asset managers, as well as the ability to scale according to growth in trading volume and number of client accounts,” said Barclays Stockbrokers Product Development Manager, Nick May. “CheckFree Investment Services is a clear leader on both fronts, and we’re anxious to make great strides through complete automation of BMAP’s processing requirements and money manager interfaces available through CheckFree APL WRAP,” said Mr. May. Headquartered in Jersey City (NJ), CheckFree Investment Services’ staff of more than 300 professionals, provide a broad range of investment management services to thousands of financial institutions nationwide. Clients of CheckFree Investment Services manage over 1.1 million portfolios totaling more than half a trillion dollars in assets, through the company’s CheckFree APL and CheckFree APL WRAP systems. The CheckFree APL platform is UNIX-based (IBM RS/6000), and available to asset management, broker/dealer firms and investment advisors on a remote processing, application service provider (ASP), or in-house basis. Other software systems available from CheckFree Investment Services include M-Search, the leading database source of institutional money managers; M-Plan, a breakthrough system for integrating retirement, capital needs, tax, education and estate planning; M-Watch for performance reporting and evaluation; and asset allocation system, M-Vest. Editors’ Note: CheckFree Corporation (NASDAQ: CKFR) is the leading provider of financial electronic commerce services and products. Founded in 1981 and celebrating its 20th year in e-commerce, CheckFree launched the first fully integrated electronic billing and payment solution in 1997. As of March 31, 2001, CheckFree enabled 4.8 million consumers to receive and pay bills electronically. The company has multi-year contracts with 245 of the nation’s top billers to provide online billing and payment through about 300 financial services organisations, including banks, brokerage firms, Internet portals and content sites and personal financial management (PFM) software. CheckFree Software Services division provides solutions that are used to process more than two-thirds of the nation’s six billion Automated Clearing House payments, and reconciliation and compliance products and services to 400 banks and businesses. CheckFree Investment Services provides a broad range of investment management services to thousands of financial institutions nationwide. The division’s clients manage more than 1,000,000 portfolios totaling more than $500 billion in assets. For more information visit http://www.checkfree.com. For further information contact: Elaine Graham EG Communications +44 (0) 118 973 6012 firstname.lastname@example.org Judy D. Wicks CheckFree Corporation Tel: (001) 678 375 1595 email@example.com This press release was distributed by ResponseSource Press Release Wire on behalf of EG Communications in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.