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Actifunds Reaches 40,000 Investment Clubs
March 16, 2001 -
Over 40,000 investment clubs sign on to use Actifunds online and desktop
products to manage investment club activity
CAMBRIDGE, MA, Mar. 16, 2001 —
Actifunds, the leading
provider of investment club services and products, today announced that over
40,000 investment clubs, the largest aggregation of investment clubs in the
U.S., have adopted Actifunds' online and desktop products to manage their
club activities. This significant milestone underscores the importance of
investment club management solutions to investment clubs everywhere.
Actifunds offers online and desktop applications to answer the
administrative and communication needs of investment clubs, requiring
minimal effort from club members with no compromise of club security.
Currently, there are more than 1.25 million U.S. investors involved in
investment clubs, a number that has quadrupled over the past seven years,
partially due to heavy consumer adoption of email and easy availability of
investment information online.
"We are excited to have reached this significant milestone in customer
acquisition," said Robert Brooker, CEO of Actifunds. "With 40,000 clubs
using our solutions-and counting-we are the largest provider of
administrative tools and technologies to investment clubs anywhere in the
world. This speaks to importance of Actifunds' products in the investment
club market."
Actifunds' online platforms were recently released and is now available for
free at three locations online: via online brokerage The Financial Café
(www.financialcafe.com), at destination site www.iclub.com, and through the
National Association of Investors Corporation at www.naicclub.com.
Availability at further financial institutions will be announced shortly.
The intuitive user interface makes creating and managing investment clubs
simple. The Actifunds platforms enable successful group investing on the
Internet by making it simple for personal investors to form investment clubs
online and to facilitate group communication and collaboration between
members of an investment club, regardless of geographical location. The
online platforms also encourage a stronger social and financial community
for investors by offering each investment club access to features,
including: discussion boards, portfolio tracking, tax accounting, member
voting, file storage, personal profiles and access to partner brokers.
About Actifunds Actifunds is a leading provider of group financial products to financial
institutions and online communities. Actifunds' online platform for
investment club services, available at www.iclub.com, enables personal
investors to leverage the Internet to communicate and collaborate with
others on investing decisions, making group investing easier and more
social. 40,000 clubs currently 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 at
www.naicclub.com, which includes communication tools and tax accounting.
Founded in February 2000, Actifunds is based in Cambridge, MA.
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