TD Waterhouse Selects EnvestnetPMC as Managed Account Provider

Business Wire, Nov 4, 2002

Business Editors

NEW YORK & CHICAGO--(BUSINESS WIRE)--Nov. 4, 2002

Agreement Provides Internet-Based Managed Account and Mutual Fund

Services to TD Waterhouse Institutional Advisors

EnvestnetPMC, a leading provider of managed accounts and practice management technologies for financial advisors, and TD Waterhouse Institutional Services today announced they have entered into an agreement for EnvestnetPMC to provide Internet-based managed account and mutual fund services to TD Waterhouse's network of more than 2,400 independent financial advisors.

The agreement enables TD Waterhouse Institutional Services to expand its existing offerings by providing its institutional clients with a comprehensive, cost effective investment management solution designed to meet the growing demand for high net worth services.

The new private labeled TD Waterhouse Managed Assets Program (MAP) is expected to launch by the end of the year, and will give advisors who utilize the firm's services access to more than seventy-five pre-selected money managers through EnvestnetPMC's leading technology platform. In addition to managed account and mutual fund wrap products, TD Waterhouse advisors will also benefit from EnvestnetPMC's integrated platform that features:

- Online portfolio reporting capabilities

- A proposal generator with client profiling capabilities

- Online research, performance analysis and due diligence

- Presentations and marketing support

"In today's evolving and challenging economic environment, advisors need quality investment choices complemented by cost-efficient services, and our alliance with EnvestnetPMC helps meet that goal. Additionally, EnvestnetPMC's ability to provide flexible solutions and access to some of the nation's leading money managers will give our advisors an edge in delivering superior service, " said J. Thomas Bradley, Jr., President, TD Waterhouse Institutional Services.

"Our relationship with TD Waterhouse Institutional Services is based on our mutual commitment to offering the financial advisor community advanced, easily adaptable solutions to support the investment goals of their clients," said Judson Bergman, EnvestnetPMC's Founder and Chief Executive Officer. "We look forward to working with TD Waterhouse and its independent advisors as we begin customizing our suite of services to meet the needs of TD Waterhouse's growing institutional business."

About EnvestnetPMC

EnvestnetPMC, one of the largest providers of managed account investment solutions in the industry, delivers, through its sub-managers, separately managed accounts, mutual funds and alternative investments to independent financial advisors. EnvestnetPMC's investment offerings are supported by a proprietary technology platform that delivers customized advisor web sites, consolidated views and comprehensive reporting capabilities to independent investment advisory firms across the country. EnvestnetPMC is headquartered in Chicago with offices in Denver and New York. For more information, please visit www.envestnetpmc.com

About TD Waterhouse Institutional Services

TD Waterhouse Institutional Services provides comprehensive financial services to over 2,400 independent financial advisors. TD Waterhouse Institutional has serviced advisors for over 10 years, providing advisors and their clients with world-class service, cutting-edge technology and a comprehensive offering of products and services, all at a competitive price. TD Waterhouse Institutional Services is a division of TD Waterhouse Investor Services, Inc. (Member NYSE/SIPC), a subsidiary of TD Waterhouse Group, Inc. TD Waterhouse Institutional Services can be found on the Internet at www.tdwaterhouseinst.com

About TD Waterhouse Group, Inc.

TD Waterhouse provides investors and financial advisors with a broad range of brokerage, mutual fund, banking and other consumer financial products on an integrated basis. Worldwide, TD Waterhouse currently services 3.3 million active customer accounts in the United States, Canada, the United Kingdom, and Australia. The firm also has joint ventures in Singapore, Japan, Luxembourg, Hong Kong and India to serve investors in those countries.

TD Waterhouse operates as a subsidiary of The Toronto-Dominion Bank through its wealth management business. The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. In Canada and around the world, TD Bank Financial Group serves more than 13 million customers in three key businesses: personal and commercial banking including TD Canada Trust; wealth management including the global operations of TD Waterhouse; and a leading wholesale bank, TD Securities, operating in over 20 locations in key financial centers around the globe. TD Bank Financial Group also ranks among the world's leading on-line financial services firms, with more than 4.5 million on-line customers. TD Bank Financial Group had CDN$309.6 billion in assets, as at July 31, 2002. The Toronto-Dominion Bank trades on the Toronto and New York Stock Exchanges under the symbol "TD".