Actifunds Changes Name to ICLUBcentral
May 31, 2001 -
New ICLUBcentral offers investment club tools at iclub.com
CAMBRIDGE, MA, May 31, 2001
Actifunds Corporation (www.iclub.com), the leader in investment club technologies, today announced that the company is changing its name to ICLUBcentral Inc. Having acquired investment club software provider EasyWare Software in November and investing information site ICLUBcentral last week, Actifunds aims to consolidate its brands under the ICLUBcentral name. The new ICLUBcentral will continue to provide investment club services and products to investment clubs worldwide.
The new ICLUBcentral will feature the full range of Actifunds online and desktop applications to serve the administration and communication needs of investment clubs, enriched by the information for investors and investment clubs that have been available at www.iclubcentral.com since 1997. Currently, more than 1.25 million U.S. investors participate in investment clubs, a number that has quadrupled over the past decade, partially due to heavy consumer adoption of email and easy availability of investment information online.
"We felt it important to consolidate our stable of brands under one name," said Robert Brooker, CEO of ICLUBcentral (formerly Actifunds). "As one of the longest-standing online investment club destinations, ICLUBcentral has a strong user following and the name highlights our commitment to providing quality products to investment clubs."
"With this acquisition, there is no doubt that the new ICLUBcentral has become the premier online platform for investment club technology," said Douglas Gerlach, founder of the prior ICLUBcentral and Senior Contributing Editor of the new ICLUBcentral. "I am personally pleased to be able to contribute to ICLUBcentral's efforts to reach even more investment clubs and their members with tools, articles, and educational resources."
ICLUBcentral's online tools are available free of charge through the National Association of Investors Corporation, at the ICLUBcentral site (www.iclub.com), and through online brokerage The Financial Café. ICLUBcentral 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. ICLUBcentral 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 ICLUBcentral's partner brokers.
About ICLUBcentral (formerly Actifunds)
ICLUBcentral is a leading provider of group financial products to financial institutions and online communities. ICLUBcentral's 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 ICLUBcentral 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. ICLUBcentral built, operates, and maintains the official NAIC online investment club communication and tax accounting platform, which can be found at www.naic-club.com. Based in Cambridge, MA and with additional offices in San Jose, CA, ICLUBcentral has been producing investment club software since 1989.