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iClub Lets Personal Investors Create And Manage Investment Clubs Online

February 14, 2001 -

New set of investment club tools empower personal investors to create online investment communities

CAMBRIDGE, MA, February 14, 2001 -- Actifunds Corporation (, the leading provider of software products for investment clubs, today announced the immediate availability of iClub, a set of online tools designed to help personal investors use the Internet to create and manage investment clubs. Currently, there are more than 1.25 million U.S. investors involved in investment clubs, a number that has quadrupled over the past six years, partially due to heavy consumer adoption of email and easy availability of investment information online.

Available for free immediately at online brokerage The Financial Café ( and at, iClub tools enable successful group investing on the Internet by making it simple for personal investors to form investment clubs online. iClub tools facilitate group communication and collaboration between members of an investment club, regardless of geographical location. iClub tools help encourage a stronger social and financial community for investors by offering each investment club access to:

  • Discussion Boards- members can share investing thoughts and ideas by posting to private club discussion boards, either on the web or over e-mail.

  • Portfolio Tracking-members can keep a close eye on their club's stock purchases and track the performance of club investments.

  • Tax Accounting-members can record and calculate the data needed to complete tax forms in a secure environment.

  • Voting-members can vote online or via email about buying and selling stocks in their club?s portfolio.

  • File Storage-members can save research, photos or the minutes from their meetings to share with others.

  • Personal Profiles-members can share their personalities with others in their club and in other clubs.

  • Access to Partner Brokers-clubs using iClub tools can trade stocks on Actifunds? partner sites.

"For years, investors have seen the social, educational and financial benefits of investment clubs, but they have also seen administrative hurdles of running an investment group," said Robert Brooker, CEO of Actifunds. "iClub tools provides online investment club members with an innovative way to easily communicate and collaborate with others on investing decisions, thereby making group investing more profitable and socially enjoyable."

"The biggest challenge our club faces is with communicating with each other regarding club issues, such as Buy, Sell or Hold decisions," said Marvin Kohn, founding member and treasurer of Trackers Investment Club, a 6 year old investment club in San Jose. "iClub has solved this problem by making it easy for our members to collaborate and make decisions through access to features like discussion boards and voting."

iClub offers online and desktop applications to answer the administrative and communication needs of investment clubs. The recently released iClub tools include online tools that enable portfolio tracking and accounting, public and private discussion forums, and secure voting and automatic vote tallying. iClub tools simplify and automate all aspects of investment club administration and accounting, requiring minimal effort from club members with no compromise of club security. iClub's intuitive user interface makes creating and managing investment clubs simple. Since iClub is accessible via the Internet, members can participate in clubs regardless of location and schedule. With iClub, investors can meet online to form partnerships, invite new members, pool money together, discuss and make decisions democratically, and perform tax accounting.

About Actifunds Corporation

Actifunds is a leading provider of group financial products to financial institutions and online communities. iClub, Actifunds' online site for investment club services, enables personal investors to leverage the Internet to communicate and collaborate with others on investing decisions, making group investing easier and more social. Over 36,000 clubs already use Actifunds products to manage their investment dollars, including members of the National Association of Investors Corporation (NAIC), a 637,000 member non-profit organization that provides investment education for investment clubs and individual investors. Actifunds provides the NAIC's official online investment club platform, which includes communication tools and tax accounting. Founded in February 2000, Actifunds is based in Cambridge, MA.

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