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[BigBrother_2001]

08Dez2001 USA: WSJ - DirectAdvice Raises $16M In A Staged Financing Plan.

By Lisa Bransten.
SAN FRANCISCO - (Dow Jones) - DirectAdvice is announcing that it has raised $16 million in a staged-financing plan with Warburg Pincus.
The Hartford, Conn., company offers Web-based financial planning advice.
Customers of DirectAdvice include financial-services firms and Web portals that provide the service to their users. Customers include Mellon Investor Services, People`s Bank and Wachovia Corp. (WB).
The company says it will use the new money to continue to develop its financial planning technology and to expand its sales and marketing efforts.
(This report and related background will appear on The Wall Street Journal Web site, WSJ.com)
- By Lisa Bransten, The Wall Street Journal; 415-765-6109.
(Copyright (c) 2001, Dow Jones & Company, Inc.).
Quelle: DOW JONES NEWS SERVICE 08/12/2001


Mal sehen, ob überhaupt und wenn ja, wann der Börsengang stattfindet.

[BigBrother_2001]

10Dec2001 USA: DirectAdvice Secures $16 Million Financing Plan Led by Warburg Pincus.

HARTFORD, Conn.-(BUSINESS WIRE)-Dec. 10, 2001-
New round to fund further development of company`s web-based financial planning and advice technology and to expand sales and marketing efforts

DirectAdvice Inc., the global leader in Internet-based financial planning and advice technology, announced today the signing of a $16 million staged financing plan with Warburg Pincus, the global private equity firm.
Brian L. Hollander, President and CEO of DirectAdvice, said: "Attracting an investment of this size in the current market environment, from a firm with Warburg Pincus` reputation and track record, is a major accomplishment for DirectAdvice. It represents a clear vote of confidence in our technology, our business model and our potential for continued growth. We intend to use the funds to further develop our online financial planning and advice technology, and to expand our sales and marketing efforts worldwide."
DirectAdvice provides web-based financial planning and advice technology to global financial institutions, including banks, brokerage firms and insurance companies, as well as financial services intermediaries, worksite marketing companies and major online portals.
"DirectAdvice is in the right place at the right time," said Greg Back, a Warburg Pincus Managing Director. "The DirectAdvice platform allows financial services firms to offer planning and advice to a far broader range of customers, from high net worth individuals to those with more modest means, and to do so profitably."
The DirectAdvice platform not only enhances professional financial advisors` ability to serve their existing customers, but also allows licensees to provide all of their customers with the same expert, personalized financial planning and advice that is offered to high net worth individuals, but at a fraction of the cost.
Added Back: "Financial services firms are under increasing financial and competitive pressure. In order to generate more stable and defensible revenues, they are moving toward business models that require better knowledge of their customers and the ability to intelligently offer a broader array of products and services."
"The market opportunity facing financial services firms is substantial," added DirectAdvice CEO Hollander. "Although approximately 60 million households in the U.S. alone would benefit from comprehensive financial advice, less than 5% receive it today, and those are often poorly served," he said. "DirectAdvice can help financial services firms capture the untapped potential to build relationships and drive profitable revenues. Importantly, financial service providers can do so on their own terms."
DirectAdvice`s proprietary integrated advice technology was created by financial planning experts and is designed to address virtually every aspect of an investor`s financial planning needs, including retirement, education, home ownership, insurance, portfolio optimization and other personal and family goals. Sophisticated online collaboration tools, as well as inbound and outbound e-mail and content management features, are built in to enable an institution`s financial advisors to service many more customers, more efficiently and effectively.
With the DirectAdvice platform as the core of a broad-based advice and planning strategy built around the customer, financial service firms can attract and retain more customers, sell more financial products and accumulate more assets. DirectAdvice offers an unparalleled range of customization and personalization capabilities, and can tailor its highly scalable platform to work with each organization`s own technology, marketing programs and financial planning professionals.

About DirectAdvice, Inc.

DirectAdvice, Inc. is a leading provider of customized, hosted financial planning and advice services to financial service organizations worldwide. The company`s platform enables financial services organizations to deliver personalized planning and advice to individuals directly or in conjunction with Financial Advisors and Call Center support. In the United States, versions of DirectAdvice`s online planning and advice technology are currently in use by Ayco, Mellon Financial Services, People`s Bank, Pershing, SunGard, Wachovia, and companies with whom they do business. The platform is also being used by international financial services giant AMP in Australia and by major financial institutions in Japan and Germany. DirectAdvice is a Registered Investment Advisor with the United States Securities and Exchange Commission. For more information about DirectAdvice, visit www.directadvice.com.

About Warburg Pincus

Warburg Pincus is one of the largest private equity firms in the world, with offices in New York, Menlo Park, London, Munich, Hong Kong, Singapore, Seoul, Tokyo and Mumbai. Working in partnership with management teams, Warburg Pincus has taken an active role in building businesses, including companies such as RenaissanceRe Holdings Ltd. (NYSE: RNR), Dime Bancorp, Inc. (NYSE: DME), Mellon Bank Corporation (NYSE: MEL), BEA Systems (Nasdaq:BEAS), and VERITAS Software Corp. (Nasdaq:VRTS). Since 1971, Warburg Pincus has invested approximately $12 billion in 450 companies in 29 countries. The firm currently has $10 billion under management, with an additional $5 billion available for investment in a range of industries including: information technology, financial services, communications, healthcare and life sciences, media and natural resources. Throughout its 30-year history in private equity, Warburg Pincus has invested at all stages of a company`s life cycle, from founding start-ups and providing growth capital to leading restructurings, recapitalizations and buy-outs. For more information visit www.warburgpincus.com.

CONTACT: DirectAdvice, Inc. Lisa Schwartz, 860/418-5451 l - [e-mail] or Pelican Group Inc. Isabelle Vaillancourt, 212/408-8936 [e-mail] or Warburg Pincus Julie Johnson, 212/878-9325 [e-mail].
Source: BUSINESS WIRE 10/12/2001

[BigBrother_2001]

DirectAdvice 2002 mit Gewinn ?



17Dez2001 USA: DirectAdvice Scores $16M.

By Robyn Kurdek.
Joining the rabble of financial services-related Internet firms to receive venture capital funding in 2001 - 118 to be exact - DirectAdvice Inc. last week scored $16 million, all from Warburg Pincus. While the Series C round technically is closed, the firm has set aside some additional capital to invest should DirectAdvice need it down the road, said Greg Back, a managing director with Warburg.

Specifically, the firm may pony up more funds in the future for product development efforts or possible acquisitions. For now, DirectAdvice, which offers customized, Internet-based financial planning and advice technologies, intends to use its most recent capital infusion to beef up its online capabilities and expand its worldwide sales and marketing efforts. It`s not surprising that Warburg chose to be the lone investor in the round, as financial services technologies and companies fall right into the firm`s sweet spot. In fact, Warburg first discovered the deal about four months ago while trolling the sector for new investment opportunities. "We think DirectAdvice is in the right place at the right time," Back said. "We have a good window into the financial services sector, and we`re seeing businesses shift from a transaction-based model to an assets-under-management-based model." That`s where DirectAdvice comes in. Essentially, the company`s technology enables financial services firms to offer planning and advice resources to a broader range of customers, from high net worth individuals to those with more modest means. What is more, DirectAdvice provides financial services firms cost-savings on functions such as back office administration, which can come with a hefty price tag. Furthermore, DirectAdvice claims its platform can enhance financial planners` productivity across the board. "The challenge with the existing delivery of financial advice is that it tends to be very labor-intensive, not in terms of spending time with the client, but in terms of back office systems and administration. DirectAdvice allows the advisor, because of the electronic connections behind the scenes, to focus on the information they`re receiving and how they communicate it to the investor." From a consumer perspective, the product also is designed to meet virtually every aspect of an investor`s financial planning needs, from determining his retirement income to setting up his child`s college fund, and everything in between. "There are 103 million households in the U.S. alone that would benefit from comprehensive financial advice, and maybe 3% to 5% at most get that advice," said Brian Hollander, president and chief executive of DirectAdvice. To that end, the company also offers consumer applications that enable financial services firms to set up branded Web sites with the DirectAdvice platform running in the background, where customers can come and take advantage of the planning tools DirectAdvice has to offer without ever knowing it`s there. The company has signed on a bevy of big-name customers, including The Ayco Company, Mellon Financial Corp., People`s Bank, CSFB`s Pershing, SunGard and Wachovia Corp. Founded in 1995, DirectAdvice has raised approximately $30 million in venture financing. The company plans to expand its business to the UK during the first quarter of 2002, and also expects to begin posting a profit next year.
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Quelle: PRIVATE EQUITY WEEK 17/12/2001