Portland, OR - Cornerstone Revolutions, Inc., the Portland, Oregon-based software development firm specializing in applications for financial professionals, upped the voltage of their flagship product, Cornerstone PowerBroker asset management software, by announcing new features and a new name.
Effective March 31, 2005, Cornerstone PowerBroker will be known as Cornerstone PowerAdvisor. While PowerAdvisor targets the same market-independent investment advisors and RIAs-its distinguishing features include additional program functions and new consumer options such as service contracts, training collaterals, and a larger selection of custodial interfaces. "Cornerstone has shown tremendous growth in this first quarter," says Angela Lyles, CEO of Cornerstone Revolutions. "Not only have sales doubled but the application itself has reached a degree of sophistication appropriate to a caliber of investment professional we hadn't anticipated reaching at this stage of product development." New features in the desktop portfolio management application include asset allocation models, blended indexes, and mutual fund average costing. While not industry exclusives in themselves, they represent a major step in the evolution of software application that officially debuted only six months ago. "Our understanding of the benefits, depth of functionality, and accuracy that our customers expect and the vendors in our market are challenged to provide has strengthened our commitment to set the bar by which all portfolio accounting systems should be measured," said Tom Hayes, Chief Technology Officer at Cornerstone. As a tip of the hat to those customers who have stood by PowerBroker through its developmental phase, Cornerstone will grandfather in all existing PowerBroker users (and those who purchase prior to March 31st) at the current maintenance fee for life. Existing users will also be able to access the new features found in PowerAdvisor through upgrades available at the corporate Web site after the new product release date, which translates into owning PowerAdvisor at PowerBroker prices. Starting March 31st, users purchasing PowerAdvisor software will receive a custodial interface, remote training, all upgrades and patches, and a set number of paid service requests included in the price of the application license and yearly maintenance fee.For a complete listing of Cornerstone asset management tools and pricing, visit www.poweradvisortools.com, or call Cornerstone Revolutions, Inc. at 503-968-7202 for additional information.
About: Cornerstone Revolutions, Inc., is a software development firm specializing in applications for financial professionals, located in Portland, Oregon.
