Philadelphia (April 16, 2002) -- ADVISORport, an application service provider serving independent advisors, CPAs and broker-dealers, has acquired RunMoney Corp., a San Diego-based registered investment advisor aimed at helping advisors and brokers build fee-based practices.

RunMoney chairman and chief executive Robert Jorgensen will join ADVISORport as director of Advisor Development.

RunMoney's Center for Advisor Development and its advisor instruction curriculum and resources will serve as the foundation for ADVISORport's educational initiative, said Gregory S. Horn, ADVISORport chairman and CEO.

Philadelphia-based ADVISORport's online platform integrates separate account money manager, mutual fund, brokerage and hedge fund product solutions with client profiling tools, asset allocation analysis, and performance monitoring, rebalancing models and customized proposal and report generation. ADVISORport services accounts representing more than $1.7 billion for over 80 clients.

-- Electronic Accountant Newswire staff

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