Business Services Industry
REPEAT/MoneyStar Technology Selected by H&R Block, Inc.; MoneyStar Financial Network, LifeScript and Networking Software to Be Used in H&R Block's Offices
Business Wire, Sept 27, 1999
AUSTIN, Texas--(BUSINESS WIRE)--Sept. 27, 1999--
MoneyStar, a pioneer in distribution and sales solutions for financial services companies, announced today that H&R Block, Inc., will partner with MoneyStar to provide financial planning tools for H&R Block's offices that offer tax preparation, financial planning and investment advisory services, as well as mortgage products and services. Their financial advisors will be able to interact with customers using MoneyStar LifeScript and have access to on-line distribution of mutual fund and insurance products via the MoneyStar Financial Network (MoneyStar/fn).
The multi-year contract includes the deployment of MoneyStar Financial Network software to H&R Block's offices, access to content on the MoneyStar Financial Network and use of MoneyStar LifeScript for their financial advisors. MoneyStar and H&R Block will also work together to enhance MoneyStar's technology solution and encourage mutual fund, annuity and insurance providers to distribute their products on the MoneyStar Financial Network.
"H&R Block is launching a comprehensive financial services strategy that includes private-label offerings as well as a broad array of non-proprietary offerings for our clients. The LifeScript software and the comprehensive MoneyStar/fn delivery network will help enable us to achieve our goals," said Bernie Wilson, vice president and general manager-Financial Services Group for H&R Block.
"We are pleased that a diversified financial services company like H&R Block has selected us as their partner for such an important initiative," said Don Steele, chief executive officer of MoneyStar. "H&R Block is clearly embarking on a winning strategy. We believe that the combination of professional advice, customer intimacy and leading technology will separate the winners from the losers in the coming era of financial services consolidation."
About MoneyStar LifeScript
MoneyStar LifeScript is interactive financial modeling software that dramatically changes the way financial advisors interact with their clients by actively involving the client in the financial planning process.
About MoneyStar Financial Network
MoneyStar/fn is an electronic "warehouse" that consolidates, stores and delivers financial product and marketing literature directly to financial advisors where it is then integrated into the sales process. MoneyStar/fn provides the product and market information financial planners need to effectively advise their clients, while allowing financial services companies to proactively manage and control the flow of information to their representatives.
About H&R Block
Founded in 1955, H&R Block (NYSE:HRB) is a diversified company providing a wide range of financial products and services through its subsidiaries. H&R Block Tax Services Inc. served 18.9 million taxpayers in more than 10,000 offices located primarily in the United States, Canada, Australia and the United Kingdom in 1999. Option One Mortgage Corporation, Assurance Mortgage Corporation of America and H&R Block Mortgage Company offer a full range of home mortgage products. Through RSM McGladrey Inc. and HRB Business Services Inc., the company has built a national accounting, tax and consulting firm. Block Financial Corporation develops and publishes consumer financial and personal productivity software, such as Kiplinger TaxCut(R). Quarterly results and other information regarding H&R Block are available on the company's web site at www.hrblock.com.
About MoneyStar
MoneyStar is the leading provider of complete financial sales solutions that connect financial product suppliers with the brokers and advisors who sell their products. MoneyStar LifeScript and the MoneyStar Financial Network integrate the electronic delivery of financial product information with interactive financial planning technology to dramatically increase sales and profits for brokerages and mutual fund and insurance companies. Its customers include financial institutions such as Aragon Financial Services, Inc., California Federal Bank, Comerica and Wells Fargo, and financial product suppliers such as AIM, Delaware Investments, Franklin Templeton Funds, GE Mutual Funds, Glenbrook Life & Annuities, ING Variable Annuities, Jackson National Life and New England Financial. MoneyStar is a privately held, venture capital backed company located in Austin, Texas. For more information, call 1-800-864-1573 or visit the MoneyStar Web site at http://www.moneystar.com.
MoneyStar, LifeScript and MoneyStar Financial Network are trademarks of MoneyStar. All other company names and products are trademarks or registered trademarks of their respective companies.
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