Amicus Networks Takes Lead in Broker-Dealer Extended Intranet Market
AUSTIN, Texas–(BUSINESS WIRE)–July 14, 1997–
Amicus Launches Three Broker-Dealer Extended Intranets
Amicus Networks Inc., a leading provider of Extended Intranets to the financial services industry, announced Monday that it has launched secure Extended Intranets for three new clients, all top-tier independent broker-dealers.
The broker-dealers – Capital Analysts Inc., IFG Network Securities Inc. (IFG), and The Advisors Group (TAG) – are among the 30 largest independent broker-dealers having more than 300 Reps.
With the addition of these clients, Amicus now holds a 20 percent market share of the top independent broker-dealers. Amicus also developed and supports the International Association for Financial Planning’s (IAFP) Extended Intranet. IAFP is the industry association for financial planners.
An Extended Intranet, or Extranet, is a secure Intranet that is made accessible to trading partners and associates via the Internet. Broker-dealers are using Amicus Extended Intranets to provide home-office associates and independent field Reps access from the World Wide Web to a variety of corporate information and business systems.
Amicus Extended Intranets are secure and require a log-on ID and password to enter from the public Internet. Once a registered associate is validated and admitted to the secure Extended Intranet, Amicus’ group-level security determines what an associate may access within the Extended Intranet.
“Capital Analysts, IFG, and TAG field Reps now have easy access to corporate marketing information, research databases, and trading applications. They have new collaborative work tools with Tool Belt, our Extended Intranet product,” said Dennis Passovoy, president and chief executive officer of Amicus Networks.
“The bottom-line is these broker-dealers are providing better and real value-added services to their network of business partners, all at greatly reduced cost compared to paper, fax, or other traditional distribution methods.”
Amicus Extended Intranets for broker-dealers, built and managed with Amicus’ award-winning Tool Belt(R) software, include a comprehensive set of integrated capabilities including: conferencing, messaging, financial product research resources, news-feeds and quote services, compliance tracking and reporting, online commission reporting, database search, and online forms capabilities.
Amicus Extended Intranet sites also support a wide range of advanced communications and electronic commerce applications.
IFG Network Securities (Atlanta) is a full-service broker-dealer with 600 financial advisors in 230 branch offices. IFG is affiliated with Associated Financial Planners Inc. (AFP), a registered investment advisor. Through AFP, financial advisors offer planning and fee-based asset management services. Another affiliate, IFG Insurance Services Inc., markets selected insurance products and services.
About Capital Analysts
Capital Analysts Incorporated (CAI) is a full-service broker/dealer and registered investment advisor (Radnor, PA) that is part of a $10 billion enterprise. Founded in 1968, CAI was one of the original firms to provide a full range of financial planning services.
Capital Analysts has been a pioneer in the application of key financial concepts such as diversification and asset allocation and is recognized throughout the financial industry for its proprietary research. CAI has a network of financial advisors in offices across the country offering a full complement of financial products and services.
The Advisors Group (Washington, DC) is a full-service broker-dealer and registered investment advisor, offering a wide range of products and services to the investment community. Through more than 500 registered representatives, financial planners, and investment advisors, TAG offers a full complement of financial products and services, including stocks, bonds, mutual funds, and annuities.
TAG Representatives offer personal and business financial planning, asset management, and portfolio consulting services.
About Amicus Networks
Amicus Networks Inc. is the leading provider of secure Extended Intranet solutions to the broker-dealer industry. Since 1993, Amicus has delivered Extended Intranets and the complementary management and support services needed to run an Extended Intranet. Amicus’ Tool Belt suite of software products enable complex Extended Intranet deployment in 6-8 weeks.
Tool Belt’s server products include database management, group-level security, and collaborative tools (conferencing, bulletin boards and messaging), and dynamic page rendering that greatly simplify the management and maintenance of Extended Intranets. Tool Belt’s publishing tool simplifies the creation and management of Extended Intranet Web pages and integrates security.
Amicus products are geared for non-technical staff, enabling customers to cost-effectively manage their Extended Intranet. Amicus provides a secure network operations center for customers’ Extended Intranets and Extended Intranet support and custom design services. Headquartered in Austin, Amicus is a privately held corporation.
Amicus Networks Inc. 9390 Research Blvd., Suite 2-110 Austin, TX 78759 512/418-8828 Fax: 512/418-8829 firstname.lastname@example.org http://www.amicus.com
CONTACT: Amicus Networks, Austin
Patricia Friar, 512/418-8828, ext. 30
GTT Communications, Austin
Bill Stotesbery, 512/347-1012
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