ProFunds Launches Account Access
New online system makes it easier for investment advisers to manage large numbers of shareholder accounts
Bethesda, MD, December 5, 2005 — ProFund Advisors LLC, investment advisor to the ProFunds family of index-based mutual funds, announced the launch of ProFunds Account Access, a proprietary online system which allows financial professionals to conveniently manage their clients' ProFunds accounts.
"ProFunds Account Access is part of our commitment to continually enhance our services to financial professionals," said Michael L. Sapir, Chairman and CEO of ProFund Advisors LLC. "Professionals need the ability to manage easily and quickly many client accounts at once. We custom-built our state-of-the-art system with those ideas in mind, introducing many enhancements that reduce the complexities of managing large numbers of accounts."
A group account is a simple and efficient way to control multiple ProFunds accounts that have similar investment strategies and often invest in the same ProFunds. For example, instead of having to make many exchanges from one ProFund to another in many different individual accounts, a financial professional can simply instruct the entire group of accounts to be exchanged.
Account Access now offers financial professionals the following group account features:
- Rebalance group accounts to a model asset allocation
- Save asset allocation models for future rebalances
- Exclude individual accounts from a group trade
- View aggregated balances for accounts, clients and groups
- Share groups among different users in a firm
Account Access also includes other new features, such as:
- Exchange from many ProFunds to one ProFund in a single transaction
- Search for client accounts by name, tax identification number, account number or fund
- Search and download individual account histories in MS Money, Quicken or text formats
- Establish a branch administrator that can view all accounts for a firm
An online account management system with similar enhancements for individual investors launched on December 2.
For more information on Account Access, financial professionals should visit https://accounts.profunds.com or call 888-PRO-5717.
About ProFund Advisors LLC
ProFund Advisors LLC, located in Bethesda, MD, is investment advisor to ProFunds, the nation's largest lineup of indexed mutual funds1, with more than 40 fund choices. ProFund Advisors also manages the ProFunds VP products and Access One Trust. ProFunds do not restrict investors' abilities to react to financial or economic changes and shift their investments from one ProFund to another, although exchanges may have tax consequences.
Investing in ProFunds and Access One Funds involves certain risks, including in all or some cases, leverage, liquidity, concentration, non-diversification, high yield, interest rate, credit and repurchase agreement risks. These risks can increase volatility and decrease performance. Please see the ProFunds prospectus and Access One Funds prospectus for a more complete description of these risks. All ProFunds and Access One Funds permit active investment strategies which can decrease performance and increase expenses.
An investor should consider the investment objectives, risks and charges and expenses of ProFunds carefully before investing or sending money. The prospectus contains this and other information about ProFunds. To obtain a prospectus, please call 888-776-3637 or visit www.profunds.com. Financial Professionals should call 888-776-5717. The prospectus should be read carefully before investing. ProFunds Distributors, Inc., distributor. 2005-1336
1 Source: Lipper. October 12, 2005. Lipper defines "indexed fund" as an open-end mutual fund which is pure index, enhanced index or index-based, but is not an Exchange Traded Fund (ETF).
Tucker Hewes, Hewes Communications, Inc., (212) 207-9451, firstname.lastname@example.org