JERSEY CITY, NJ July 15, 2008 - Scivantage, a leading provider of web-based, front- and middle-office technology solutions to the financial services industry announced today that Scottrade (www.scottrade.com), a leading branch-supported online investment firm, has selected Scivantage Professional as Scottrade Advisor Services' next-generation advisor desktop solution.
Scivantage Professional offers Scottrade Advisor Services an integrated suite of applications to open and maintain brokerage accounts, execute standard and complex trade orders, and proactively manage client accounts from a single, browser-based interface. Through this initiative, advisors will be provided with secure, reliable and real-time order processing, workflow management and account automation. Advisors who use the platform will also have access to Scivantage Maxit, the most complete cost basis, tax management and portfolio reporting solution, to enable timely and effortless investment tax decisions.
"We are pleased to be chosen by Scottrade, a financial institution that prides itself on the quality of its service and its commitment to providing innovative tools to help advisors run their practices more efficiently," said Adnane Charchour, President and CEO of Scivantage. "By deploying Scivantage Professional, advisors using Scottrade's platform will have access to a full suite of powerful applications that support their unique workflow; helping to deepen client relationships and grow their business."
Scivantage Professional offers Scottrade a flexible platform that can quickly scale to support future growth, feature-rich, out-of-the-box capabilities to support the immediate needs of their advisors, and seamless integration with their proprietary back office and other third-party systems. These capabilities were important factors that led to Scottrade selecting Scivantage Professional.
"This next-generation platform is based on feedback and suggestions from our advisors," said Doug Talir, Director of Scottrade Advisor Services. "Advisor input and guidance is imperative as we move forward with our Advisor Services program. We are committed to understanding our advisors' needs and helping them build their business."
"Scivantage brings the experience required to develop the complex account management and trading system that our advisors demand," Talir said. "With Scivantage's assistance, this next-generation platform will help advisors better serve their clients and grow their practices."
Leading financial institutions depend on Scivantage for essential front- and middle-office applications that deliver transaction-critical data, automate key business processes and drive operational efficiencies. Scivantage's proven, back-office independent brokerage solutions offer a powerful suite of applications that span the workflow of financial professionals and support the complex investment needs of the retail investor. From online trading and event notification management to automated account opening, maintenance and funding, Scivantage enables financial institutions and financial professionals to dramatically reduce operational costs, strengthen customer relationships and improve productivity. For more information, please visit www.scivantage.com or contact us at +1.866.724.8268.
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Scottrade Advisor Services is a low-cost provider of custodial and institutional trading services for independent investment advisors. A division of Scottrade, Inc., Scottrade Advisors Services' low commissions, coupled with personalized customer service through dedicated relationship teams, makes Scottrade Advisor Services an exceptional value for advisors looking to grow their practices. With no advisor enrollment fee and no minimum asset requirement, Scottrade Advisor Services has the account management tools for advisor practices of any size. For more information, please visit www.ScottradeAdvisor.com.