TD Waterhouse Integrates Advent's Axys into Veo Platform

Business Wire, June 9, 2003

Business Editors/High-Tech Writers

CHICAGO--(BUSINESS WIRE)--June 9, 2003

TD Waterhouse today announced it has integrated Advent Software's Axys, an industry-leading portfolio management, accounting and reporting solution, with Veo, TD Waterhouse's Internet-based platform for advisors.

The integration will allow independent, fee-only investment advisors to enhance client service and increase productivity while reducing technology expenses.

Using Advent's Axys, advisors have access to sophisticated accounting and performance measurement options, customizable reporting and graphics and the ability to track, analyze and manage a wide array of investments. The Axys solutions available through TD Waterhouse give advisors the flexibility to choose from several options ranging from fully-outsourced data reconciliation and reporting to the traditional advisor-hosted, standalone version of Axys.

With the integrated Veo-based solution, advisors receive the Axys functionality they need to run performance reports at any time and from any location. The integrated solution simplifies advisors' infrastructure as the software is accessible from the Veo platform, eliminating the burden of software implementation, system maintenance and data reconciliation. And advisors receive technology support directly from TD Waterhouse Institutional Services.

Advisors utilizing the TD Waterhouse platform will qualify for special pricing on all Advent solutions available from TD Waterhouse Institutional Services.

"Our advisors want to focus on client service and business development. The Veo-based Axys solution brings speed and accuracy to portfolio management functions, saving advisors time that can be devoted to enhancing service and building their practices. By integrating this leading portfolio management system into Veo, we're helping advisors make the best use of their time," explained J. Thomas Bradley, Jr., President, TD Waterhouse Institutional Services. "In addition to helping advisors improve their productivity, we're also helping them reduce costs. Regardless of the software an advisor is currently using, we're confident that they can reduce their expenses by working with us."

In addition, TD Waterhouse Institutional Services is exploring ways of further integrating Advent solutions into the Veo platform, and the firm continues to support a variety of portfolio management systems commonly used by independent financial advisors. For additional information, advisors are encouraged to call TD Waterhouse Institutional Services at 800/934-6124.

About TD Waterhouse Group, Inc.

TD Waterhouse Institutional Services provides comprehensive brokerage and other financial services to over 2,400 independent financial advisors and their clients. 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.

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 3.1 million active customer accounts. TD Waterhouse was ranked #1 among brokerage firms serving the do-it-yourself investor by SmartMoney magazine in their 2002 survey. SmartMoney is The Wall Street Journal's Magazine of Personal Business. TD Waterhouse placed first in the Investment Products category and has won top ranking in SmartMoney's survey of brokerage firms for self-directed investors in four of the last six years.

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 a number of 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$322 billion in assets, as of April 30, 2003. The Toronto-Dominion Bank trades on the Toronto and New York Stock Exchanges under the symbol "TD."

About Advent

Advent Software, Inc. (www.advent.com) has been providing trusted solutions to the world's leading financial professionals since 1983. Firms in 55 countries use Advent technology to manage investments totaling more than US $8 trillion. Advent's quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs.