San Francisco (Oct. 4, 2002) -- Schwab Institutional, a division of Charles Schwab & Co., Inc., will launch a new portfolio management system for its investment advisors.

PortfolioCenter, a product of Schwab Performance Technologies (formerly Performance Technologies Inc.), is an open-architecture portfolio management system built on Microsoft SQL Server database, with multi-user access and enhanced reporting features, according to the firm. PortfolioCenter will support over 40 interfaces with custodians other than Schwab.

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