Investment advisors will now have access to a comprehensive performance reporting solution integrated into the custodial infrastructure of a major brokerage firm.

Bear Stearns Investment Advisor Services group will offer Investment Scorecard's highly sophisticated, proprietary technology to deliver performance and management reporting as well as analytical tools through Bear Stearns' advisor workstation.

Commenting on the venture, John Tyers, Managing Director and manager of Investment Advisor Services Sales for Bear Stearns Global Clearing Services, said, "High and ultra-high-net worth advisors are looking to us for ways to reduce costs, yet raise their game to remain competitive with well funded, premier wealth management providers. Scorecard's extensive client and management reporting does just that."

Also commenting from Bear Stearns, Rich Cancro, Managing Director in Global Clearing's Product Development group, said, "We considered numerous outsourced reporting solutions and Investment Scorecard stood out as the clear industry leader. This is a very powerful tool and it is what advisors have been requesting."

Joseph Maxwell, Chairman and CEO of Investment Scorecard, added, "Partnering with an industry leader like Bear Stearns Advisor Services, is a milestone for Investment Scorecard. Our seamless level of integration will provide Bear Stearns' Investment Advisor clients, an even greater competitive edge in the marketplace."