Top Investment Management & Financial Services Firm Adds Wealth Management Product to its Technology Tool-Set
Charlotte, NC - July 15, 2002 - Waddell & Reed, Inc., a subsidiary of Waddell & Reed Financial, Inc. (NYSE:WDR), has extended its technology contract with Impact Technologies Group, Inc. (Impact) for the company's flagship product, Wealth Strategies financial planning software. 3,200 financial advisors in 225 registered offices throughout the country will use Impact's Wealth Strategies to provide clients with more sophisticated wealth management plans. Wealth Strategies is expected to be rolled out by mid-August. Waddell & Reed is also using other Impact planning products: Estate Tax Explorer, Estate Tax Concepts, Estate Tax Analysis, Wealth Distribution Analysis, Family Limited Partnerships, Executive Compensation, Business Valuation, and Business Continuation.
"We are very pleased to add Impact's Wealth Strategies product to our technology tool set," said Neal Anderson, Vice President of Financial Planning Development at Waddell & Reed. "Wealth Strategies will provide our advisors with a valuable service to offer all clients - a more realistic analysis of their current financial situation and the probability of its success. Wealth Strategies complements our approach to financial planning and even fuels the need for Waddell & Reed's other products and services."
"We are excited to work with Waddell & Reed to enhance its customer relationships by offering another technology solution," said Andy Brincefield, President of Advanced Impact, a division of Impact Technologies Group. "Wealth Strategies will provide Waddell & Reed advisors with a view of the client's overall financial picture, enabling both novice and experienced planners to focus on clients' long-term financial objectives and goals."
About Waddell & Reed
Waddell & Reed, Inc. is a subsidiary of Waddell & Reed Financial, Inc. (NYSE:WDR). Waddell & Reed
Financial, Inc., through its subsidiaries, provides investment management and financial planning services to
clients throughout the United States. Waddell & Reed Investment Management Company serves as investment
advisor and Waddell & Reed, Inc. serves as principal underwriter and distributor of the Waddell & Reed
Advisors Funds, W&R Funds, Inc., W&R Target Funds, Inc. and the Waddell & Reed InvestEd Portfolios,
Inc. As of March 31, 2002, the company had approximately 2 million retail accounts and assets under management of
nearly $32 billion, including both mutual fund and institutional assets.
About Wealth Strategies
Wealth Strategies is a product included in Advanced Impact's Financial Planning Suite. Wealth Strategies excels at
investigating and discovering needs and planning opportunities. It probes into problem areas within a client's existing
financial plan, helps to develop realistic goals, and identifies weaknesses and problems to solve. Advanced Impact is a
division of Impact Technologies Group. The pricing is based on an annual subscription basis. Visit www.advancedimpact.com
for more information about the company's products and services.
About Impact Technologies Group
For more than 20 years, Impact Technologies Group has provided technology products to banking, insurance, and brokerage
firms worldwide. Based out of Charlotte, NC, the company develops unique software and web-based technology solutions for
needs analysis, business planning, retirement, distribution, financial planning and estate planning.
Visit www.impact-tech.com for more information on Impact's products
and services.
For more information:
Contact: Kevin Clay, President
Phone: 1-800-438-6017 x 222
Mailing Address: University Research Park, 10735 David Taylor Dr #350, Charlotte, NC 28262
Email: Kevin@impact-tech.com
Website: www.impact-tech.com