Concord Forms Strategic Alliance with

Overlay Technology Provider Smartleaf

Matawan, NJ- December 4, 2007 – Concord, a leader in outsourced wealth management solutions, has formed a strategic alliance with Smartleaf, a portfolio-management software firm with industry-leading overlay management capabilities.

Overlay management is a portfolio implementation process that allows wealth management firms to coordinate and integrate model-guided portfolios with equities, mutual funds, exchange traded funds, bonds or other assets. The resulting portfolios can be uniquely customized to fit each client’s needs.

Within the framework of Concord’s comprehensive Universal Architecture platform, Smartleaf’s overlay management system will enable portfolio managers to provide consistent and scalable tax, risk and expense sensitive rebalancing as they oversee their clients’ investment portfolios. Smartleaf’s system will also support the seamless transitioning of existing client portfolios to UMA.

According to Richard P. Trumpler, Chief Executive Officer of Concord’s Banking Services Group, “This alliance with Smartleaf exemplifies Concord’s Universal Architecture approach to wealth management, which enables banks, brokerages and other Concord clients to integrate a broad range of products, processes and technological capabilities into their own operational infrastructure.”

“Concord elected to enter into an alliance with Smartleaf because of its reputation as a technology and service leader in overlay management technology,” said Mr. Trumpler. “Our clients in the fee-based arena recognize the tremendous potential of UMA’s, and understand that Smartleaf’s flexible and proven overlay capabilities will be an important market differentiator as the UMA market matures,” he added.

“Concord’s growth is impressive and a testament to the quality of their firm and client base."” said Gerard Michael, Smartleaf President and CEO, “We’re excited to participate in Concord’s continued success as they expand their UMA offerings.”

About Smartleaf
Cambridge-based Smartleaf creates software for financial firms that manage individual investor accounts. The firm’s offerings enable financial institutions to grow by providing highly effective and personalized private wealth management at low cost. For more information, visit www.smartleaf.com.

About Concord

Concord designs, develops, and administers wealth management programs for numerous financial institutions including Trust and Private Banking Firms, independent financial advisors, broker dealers and family offices. Concord’s team of experienced financial and technology professionals is frequently called upon to consult on open architecture wealth management platform design elements resulting in customized solutions for the wealth management intermediary. By integrating some of the world’s best money managers with the financial institution’s existing asset management talent, Concord is able to dramatically expand the firm’s asset management capabilities. Thorough manager due diligence, comprehensive portfolio design techniques, trust accounting and custodial interfaces, performance reporting, and numerous analytical tools are delivered to the client via an extremely robust technology platform. Please visit www.concordwealthmanagement.com.

For further information, please contact Holly Hankins, 732.335.0800 ext. 9719, h.hankins@concordwealthmanagement.com