For Immediate Release                                   

Financeware.com To Hold Monte Carlo Simulation Conference

RICHMOND, Va., September 6, 2000 – Financeware.com (www.financeware.com), the industry leader in Web-based Monte Carlo and probability analysis, today announced that it will hold a Monte Carlo simulation conference on October 27 in Las Vegas.  The one-day conference is structured to help financial advisors, investment professionals and financial educators better understand Monte Carlo simulation and probability analysis and learn how to use these in their practices.

“Monte Carlo simulation is an important, relatively new and little understood planning method in the financial planning industry,” said Bill McVay, executive vice president of business development for Financeware.com.  “Monte Carlo is a necessary tool for financial planners who want to remain competitive, yet very little training has been offered to help advisors and educators better understand its uses and applications.”

Industry leaders who have pioneered the use of various financial methodologies will teach the conference.  The seminar will focus on incorporating Monte Carlo simulation and probability analysis into the asset allocation process and how to use these methodologies to build a successful financial practice.   The conference will also cover how to explain Monte Carlo simulation results to clients, how to create estimated expected returns, risks and calculations for the asset allocation decision and mortality -- how to simulate it and why this is useful in financial planning. 

“Monte Carlo simulation allows advisors to predict thousands of possible outcomes for a given financial plan from best case to worst case and everything in between,” said Rex Macey, director of product development for Financeware.com.  “Monte Carlo is a powerful calculation method that analyzes the probability of clients meeting their long-term financial goals.  It helps answer the all-important question that clients ask their advisors, “Will I run out of money?””

The Financeware.com Monte Carlo conference will be held at the New York New York Hotel & Casino in Las Vegas.  Registration costs are $250 before October 1 or $295 thereafter.  For more information on the conference or to register, visit the Financeware.com Web site at www.conferences.financeware.com or call (804) 644-4711.

Based in Richmond, Va., Financeware.com is a leading provider of Web-based applications for professional financial advisors and investors.   The company offers tools that perform historical probability analysis, Monte Carlo and mortality simulations and historical Monte Carlo simulations. Earlier this year, Financeware.com was named Best of the Web by Forbes magazine. For more information see www.financeware.com.

Contact:
Shannon Jackson or Amy Greene
Financeware.com
(804) 644-4711

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