FOR IMMEDIATE RELEASE

Mosaic Release Adds Increased Functionality to the Concord Suite of Portfolio Design Tools

Matawan, NJ- June 27, 2006- Concord, a leader in outsourced wealth management technologies, announced today the release of Mosaic, Concord’s latest innovative technology to enhance its SMA (Separately Managed Accounts) platform. This new addition to the Concord suite of portfolio design tools will enable portfolio managers to quickly allocate client assets among a group of non-proprietary asset managers.

“The key driver behind the development of Mosaic is the ability for portfolio managers to efficiently prepare client proposals,” explains Lee Argush, CEO and Co-Founder of Concord. “Using different asset allocations among a collection of strategically selected platform managers within the appropriate asset classes is a winning strategy.”

Additional functionality of Mosaic allows for the integration of outside managers with an institution’s internal (proprietary) asset management style. “Not only is Mosaic a portfolio management tool,” notes Project Manager Lauren Scarano, “but it also enhances the sales process by demonstrating to clients the benefits of an open architecture approach to managing assets under Modern Portfolio Theory.”

Mosaic joins the Concord arsenal enabling banks, registered investment advisors, broker dealers, and other asset management providers, to outsource and private label a wealth management solutions platform using institutional quality managers. Supporting this capability is Concord’s web-based technology which facilitates the creation of client proposals and designing complex portfolios across a broad spectrum of assets classes, from traditional styles to alternative investment classes such as hedge funds, ETFs, mutual funds, and real estate.

About Concord

Concord delivers world-class advisory programs and technology to financial services companies ranging from Broker Dealers and Clearing Firms to Investment Advisors and Trust Banks.  Concord has established itself as a solution for financial institutions to effectively grow their businesses while focusing on their core competencies of asset management and marketing.  Utilizing a robust technology platform delivered via an internet/intranet connection through a web based browser, financial services firms can quickly ramp up their offerings and manage their growth without large upfront costs and ongoing maintenance.  Additional information on the Company is available at www.concordwealthmanagement.com.

Contact: Alan F. Gavornik

732 335-0800 Ext. 224