Securities America Launches Managed Opportunities Wrap Account Platform.

Business Editors

OMAHA, Neb.--(BUSINESS WIRE)--June 5, 2002

Innovative Platform created by Oberon Financial

Technology, Offers Advisors Ability to Deliver Personalized

Mutual Fund Wrap and Hybrid Separate Account Wrap Solutions

In its continuing

quest to offer a complete suite of innovative and efficient services to financial advisors, Securities America (SA) today announced the availability of the Managed Opportunities(SM) wrap account platform. Managed Opportunities(SM) provides immediate access for financial advisors to a range of wrap account solutions consisting of mutual funds models and separate account portfolios from prominent and highly ranked institutional money management firms through one centralized Internet-based platform.

"Securities America's Managed Opportunities platform promotes our `ease of doing business' commitment," said Dennis King, Securities America's Vice President of Business Development. "Features such as the 10-minute investment policy statement allow our advisors to focus on scaling their business while serving clients the best way they can, and our competitive pricing adds significantly to the advisors' bottom line," he added.

Managed Opportunities(SM) utilizes a variety of prominent third-party money managers such as AssetMark, Clark Lanzen Skalla, Meridian, Morningstar Investment Services, Inc., Managers Funds and Neuberger & Berman in offering a rich choice of mutual fund wrap portfolios. The platform also offers about 30 nationally ranked institutional separate account money management portfolios from firms such as Chelsea Management Co., Holt-Smith & Yates, John Hancock Advisors, PMG American Express, Santa Barbara Asset Management and Wells Capital Management.

The Managed Opportunities(SM) platform, accessed via the secure SA corporate Intranet and powered by Oberon Financial Technology, provides sales, operations and reporting functionality for advisors to manage their book of managed account business, all held in custody at National Financial Securities LLC. Using Managed Opportunities(SM), advisors are able to:

-- Profile clients using SA's suitability questionnaire and choose an
appropriate asset allocation strategy;

-- Develop customized portfolios using mutual funds or separate accounts and
produce investment policy statements online in about 10 minutes;

-- Download and print all required account initiation and investment documents
to open accounts;

-- Customize accounts for needs of individual clients for securities
restrictions, tax and cash management;

-- Gain online access to rolled-up reports, updated daily, on assets at a
household level regardless of different registrations or money managers used;

-- Monitor account performance and obtain diagnostic information to assist with
rebalancing decisions;

Securities America has selected Oberon Financial Technology, Inc. a Sunnyvale, Calif, firm (www.oberonft.com) to provide the technology platform, including separate account portfolios, to power the Managed Opportunities(SM) program. Oberon, a leading investment advisory services company that provides innovative technology solutions and business support services to investment advisory firms, is registered with the U.S. Securities and Exchange Commission as an investment advisor. "We are proud to be Securities America's chosen partner to provide leading-edge platform solutions for managed accounts," said Richard Dion, Chief Executive Officer of Oberon. "Securities America is renowned for efficiency and completeness in its product offerings and we are happy to innovate to support their business needs," he added.

About Securities America

Based in Omaha, Nebraska, Securities America, Inc., (www.securitiesamerica.com) is one of the nation's largest independent broker/dealers serving more than 1,300 representatives and their more than 360,000 clients nationwide. Securities America, Inc. is a broker/dealer that began operations in 1984 and is a member of the National Association of Securities Dealers, Inc. and the Securities Investors Protection Corporation. Securities America Advisors, Inc. is an SEC registered investment advisory firm that offers fee-based asset management and financial planning services to its representatives who are also investment advisors nationwide. The Securities America family of companies was founded with a vision and a plan to focus on the representative -- to meet their needs and to provide them the support necessary to effectively service their clients.

About Oberon Financial Technology, Inc.

Oberon Financial Technology, Inc. (www.oberonft.com) provides broker-dealers and other financial advisory firms with a turnkey, custody-neutral platform for delivering fee-based investment products to investors with the same ease of delivery as mutual funds. In May 2002, Celent Communications ranked Oberon as the No. 1 provider of online wrap platforms/services to financial services firms delivering managed accounts to the mass affluent (investors with over $100,000 in investable assets). Based in Sunnyvale, Calif., the technology and services company was founded in 1999, and is registered with the S.E.C. as an investment advisor.