Online Investing Guru Joins Actifunds
May 5, 2001 -
Doug Gerlach, founder of ICLUBcentral, appointed as Senior Contributing Editor
CAMBRIDGE, MA, May 5, 2001
Actifunds Corporation, the leader
in investment club technologies, today announced the appointment of Douglas
Gerlach, founder of online finance sites
Gerlach will serve as Senior Contributing Editor at www.iclub.com, focusing on
features that help build the group dynamics that make club investing enjoyable
and profitable. He will also pen a newsletter on club investing and host a
message board as the "ICLUB Therapist."
An online investing pioneer, Gerlach founded financial site Investorama.com in
1995 and investment club information site ICLUBcentral.com in 1997. In
addition to directing these sites, Gerlach has created several more, including
DRIPcentral.com, a resource for direct
investing, and ArmchairMillionaire.com, a site committed to investor education.
He has authored several books on investing, including The Complete Idiot's Guide
to Online Investing, and been featured in numerous programs and publications,
including The Wall Street Journal, Individual Investor, The Boston Globe, New
York Times, Worth, CNNfn, and Yahoo! FinanceVision. Gerlach's sites have
garnered accolades from Forbes, Barron's, BusinessWeek, Money Magazine, The
Economist, US News & World Report, and Fortune. Long affiliated with the
National Association of Investors Corporation (NAIC), a 600,000-member
non-profit organization that provides investment education for investment clubs
and individual investors, Gerlach serves as contributing editor of the NAIC Web
site and as Secretary and a Director of the NAIC's Computer Group. Gerlach
remains Consulting Editor (Online Investing) for Mutual Funds Magazine and
consults for several financial institutions.
"We're delighted to have Doug working with us," said Robert Brooker, CEO of
Actifunds. "As the leader in software for club investing, we want to ensure
that our products help groups better manage their finances. Doug will help us
achieve these goals by deepening our insights into investment club operation.
His appointment also reflects our commitment to offer a range of personalized
help resources to the clubs using our services."
"I am delighted to be part of Actifunds. Since joining the world's first
online investment club in 1994, I have believed in the Internet as a tool that
all investment clubs can benefit from using," added Gerlach. "Actifunds
greatly increases these benefits, with Internet tools to make club
administration and accounting easy."
Currently, more than 1.25 million Americans participate in investment clubs, a
number that has quadrupled over the past decade, partially due to rapid
adoption of email and increased availability of investment information online.
Actifunds offers both online and desktop applications to satisfy the
administration and communication needs of these investment clubs.
Actifund's online tools are available free of charge through the
National Association of Investors
Corporation, at Actifunds' site www.iclub.com, and through online brokerage
The Financial Cafe. Actifunds enables
successful online group investing by making it simple for personal investors to
form investment clubs online with minimal effort from club members and no
compromise of club security. The software offers an intuitive user interface
that facilitates communication and collaboration, regardless of location.
Actifunds also helps 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 Actifunds' partner brokers.
Actifunds is a leading provider of group financial products to financial
institutions and online communities. Actifunds' online sites for investment
clubs enable personal investors to leverage the Internet to communicate and
collaborate with others on investing decisions, making group investing easier
and more social. Over 40,000 clubs currently use Actifunds products to manage
their investment dollars, including members of the National Association of
Investors Corporation (NAIC), a 600,000-member non-profit organization that
provides investment education for investment clubs and individual investors.
Actifunds built, operates, and maintains the official NAIC online investment
club administration and accounting platform, which can be found at
www.naic-club.com. Founded in
1989, Actifunds is based in Cambridge, MA.