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BrokersXpress adds separately managed accounts functionality

04 October 2006  |  1943 views  |  0 Source: OptionsXpress Holdings

brokersXpress, LLC, an online broker/dealer serving independent registered representatives and investment advisors, announced today that it has added separately managed account (SMA) capabilities to its award-winning online brokerage platform.

brokersXpress is a subsidiary of optionsXpress Holdings, Inc. (Nasdaq: OXPS).

The SMA platform, provided by US Fiduciary, offers brokersXpress Investment Advisor Representatives and Registered Independent Advisors great flexibility and a wide range of investment choices. Portfolio choices include multiple-style portfolios, which combine a number of managers in a single account; managed mutual fund portfolios; alternative investments such as hedge funds and fund of funds; and unified managed accounts, which integrate SMAs, mutual funds and ETFs into a single portfolio.

"We are excited to add SMA capabilities to our portfolio of strong transactional products," said Barry Metzger, CEO of brokersXpress. "Our reps and advisors are well-positioned to help clients make longer-term asset allocation decisions and the SMA platform empowers advisors to implement these allocation strategies via the brokersXpress platform."

brokersXpress has differentiated itself among other broker/dealers since its introduction in 2004 by constantly adapting to serve the needs of its Registered Representatives and Registered Independent Advisors.

"The decision to add a comprehensive SMA platform to our transactional capabilities reflects brokersXpress's commitment to give our independent financial professionals the tools they need to be successful in a highly competitive market," added Metzger.

In addition to SMAs, brokersXpress's online platform provides independent financial professionals and their clients access to equities, options, bonds, mutual funds, ETFs, futures, variable annuities, life insurance and auto-trading capabilities.

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