Concord Adds Asset Allocation Enhancement

to Suite of Portfolio Design Tools

Rapidly apportions client assets among non-proprietary investment managers

Matawan, NJ- November 13, 2006 – Concord, a leader in outsourced wealth management solutions, announced today the release of an enhancement to its Wealth Management platform that will enable portfolio managers and financial advisors to quickly allocate client assets among third-party investment managers, ETFs, mutual funds and a financial institution’s internal investment strategies.

“For portfolio managers and advisors who prepare detailed client proposals on a large scale, this new tool automates the arduous exercise of apportioning assets among a wide range of investment alternatives,” said Lee Argush, Concord Cofounder and Chief Executive Officer.

The enhanced asset allocation function also can add value during the sales process, according to Nick Mariniello, Executive Managing Director. He noted that prospective clients better appreciate the benefits of an open architecture approach after a visual demonstration of how assets would be assigned to various managers and financial instruments.

“This innovation exemplifies Concord’s commitment to continually improve and expand the functionality of our wealth management technology,” Mr. Argush commented. “To ensure that our clients always have the tools to compete effectively and win business, we can never stop seeking the next advancement.”

About Concord

Concord helps financial services organizations compete at a high level in the growing, fee-based investment advisory business by providing clients with a comprehensive wealth management platform that can be fully-customized and quickly brought to market, at a reasonable cost. Concord works with clients to integrate their service and product strengths into their own, proprietary private labeled technology platform that respects and reflects their brand. Concord’s clients represent a wide range of financial organizations, including trust companies, banks, broker/dealers, clearing firms, insurance companies and independent advisory firms.