Investment manager to provide portfolio construction tool to intermediaries. First Trust Portfolios, an independent financial-service firm with asset-management, advisory and capital-markets divisions, has selected Advisor Software, Inc. 's (ASI) "Client Acquisition Solution" to promote help advisors produce customized investment proposals for existing and prospective clients.

Endorsement

"First Trust chose [CAS] because it is the only application that provides support for our entire group of product offerings," says First Trust's head of marketing Chris Dixon, senior v.p. of marketing for.

Lisle, Ill.-based First Trust will use the ASI technology to support ETFs initially, then other products such as a new line of unit investment trusts.

Advisor Software president and COO Neal Ringquist says ASI is in business to support firms with large investment-product rosters. "First Trust Portfolios' selection of ASI Client Acquisition Solution is a great endorsement of this initiative," he adds.

Lafayette, Calif.-based ASI provides investment-analysis software to asset managers, broker-dealers, banks, insurance companies and other financial companies. It offers a trial of its client-acquisition software. -FWR

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