FOR IMMEDIATE RELEASE

MONTE CARLO SIMULATION MADE EASY WITH AASIM VERSION 2.0

Richmond, Va., December 19, 2000 - Helping clients understand the trade offs between risk and return became much easier for financial advisors today with the release of financeware.com's newest version of its AASim software package. AASim 2.0 is the only desktop software in the financial advisory industry to realistically model mortality and investment risk simultaneously through the use of Monte Carlo simulation.  The newest version of the application adds historical data that provides advisors guidance in assuming risk and return values for client financial plans. It also allows users to model term as well as paid-up life insurance, and features sensitivity analysis to show how contributions, withdrawals, and retirement age influence the probability that a financial plan will succeed.

Financial advisors who have test-driven the newest version of AASim welcome the enhancements Rex Macey and his team at financeware.com have made. “AASim 2.0 is a significant upgrade with major enhancements,” says Joel Bruckenstein of Global Financial Advisors. “The new version excels as a client education tool, and it provides an easy and appealing way of introducing your clients to the benefits of Monte Carlo."

AASim utilizes Monte Carlo simulation, a powerful calculation method that enables financial advisors to run financial plans through thousands of random scenarios to determine best and worst case outcomes and everything in between. What separates AASim from competing products is its ability to answer an investor's questions about running out of money before he dies.

"Unlike traditional approaches that assume a specific age at death, AASim uses a thousand projections with a realistic distribution of ages at death," says Macey, creator of AASim and director of Product Development at financeware.com. In each year of each "lifetime," AASim generates random rates of returns based on averages and standard deviations that are specified by the advisor. By applying these rates with anticipated cash flows over each year, AASim projects what might happen to an investor's portfolio.

"We have taken a cutting edge analytical tool and made it even better," David B. Loeper, president and CEO of financeware.com, said. "Financial advisors are recognizing that traditional deterministic approaches to creating successful financial plans simply leave too much to chance, and AASim was created to help convert investment chances into investment choices." 

The newest version of AASim can be found at www.financeware.com. AASim comes with a free trial period, and can be purchased for $495. Upgrades are $250. A complete list of product enhancements can be found at http://www.aasim.com

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ABOUT FINANCEWARE.COM

Based in Richmond, Va., financeware.com is powering the future of financial advice through a unique suite of online analysis and client collaboration tools for financial advisors. Founded in 1999, the company is privately held.

Contact:

Scott Tanner                                                                             Jay Shaylor
Morrison/Carlisle, Inc.                                                                financeware.com         
703.299.8390                                                                            804.644.4711
sctanner33@AOL.com                                                                jshaylor@financeware.com