The Grade You Don't See Could Blow Your Average

RICHMOND, Va., April 21 /PRNewswire/ -- No one would accept their child's report card if it came back with half the grades missing ... so why have so many people been accepting incomplete grade reports for their mutual funds?

Most mutual fund evaluations only provide part of the picture by failing to effectively measure all five criteria for evaluating funds as set forth by ERISA fiduciaries: diversification, expense, risk, return, and risk of material underperformance. If the requirements are set for evaluating funds on these 5 requirements, why shouldn't the means for grading funds take all of these into account?

FUNDGRA+DES is the first to evaluate mutual funds, closed end and exchange traded funds (ETFs) on all five of the ERISA criteria necessary for an investor to make educated decisions regarding their financial future. They are the only place offering a comprehensive report card for funds relative to any asset class a user selects. These unbiased fund evaluations are updated regularly and are instantaneously available at no charge. All one has to do is enter the fund's ticker symbol or search by name and a complete evaluation of the mutual fund is displayed with an easy to understand A to F grading system.

Sorting through the results is equally as easy. With a click of a mouse, viewers can sort by ticker, fund description, asset class, and evaluation criteria. If a visitor doesn't have a specific fund or ETF to grade and instead is researching the best available, they can go straight to the honor roll section to view funds graded B or better overall or by specific category. FUNDGRA+DES' advanced search feature is also available for those wishing to screen for funds that have the specific characteristics they desire.

FUNDGRA+DES is dedicated to giving participants and investors the information needed to effectively evaluate their funds, without being subject to the sales hype traditionally pushed in the industry. It was spearheaded by David B. Loeper, President and CEO of Financeware Inc., a company committed to advancing the financial industry through technological contributions. Financeware has also worked hard trying to revolutionize the advising process through true goal-based retirement planning and advocating the best business practices for advisor-client relationships.

For more information, please visit http://www.fundgrades.com/.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link. David B. Loeper http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=75969

First Call Analyst:
FCMN Contact:

Source: Financeware Inc.

CONTACT: Nicholas Barton, +1-636-537-3800, Nicholas@featuregroupusa.com,
for Financeware Inc.

Web site: http://www.fundgrades.com/

2008-04-21 19:35:26 0341226 PRNEWSWIRE