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Balasa Dinverno Foltz & Hoffman LLC Licenses Tamarac to Power In-house Separate Account Management Services

Advisory firm gains technology to diversify their high net worth investment offerings

SEATTLE, WA, January 15, 2002 - Tamarac, Inc. (www.tamaracinc.com), creators of the first Web-based tax-efficient separate account management application, today announced that distinguished investment advisory firm, Balasa Dinverno Foltz & Hoffman LLC (BDF&H) has chosen Tamarac as the company's platform of choice to support its in-house management of domestic core allocations. Tamarac's technology will streamline the firm's process for analyzing and constructing customized individual equity portfolios and help BDF&H illustrate their true value in after-tax individual account management.

"We are committed to our mission of developing personalized solutions and strategies for our customers," says Mark Balasa, Co-President of BDF&H. "Tamarac augments our individualized service by enabling our advisors to directly control the costs, trade volume, and taxable consequences in an automated fashion."

Tamarac's Web-based application provides a robust tool that helps advisors create client specific, tax-efficient equity portfolios. The user-friendly, Web interface reduces the time an advisor spends optimizing and calculating custom investment strategies for an individual client. The result is added time for BDF&H's advisors to focus on their core competencies - individualized wealth management and personalized service.

Another attractive feature for the firm is the flexibility in the application. Tamarac maintains an unbiased position regarding trading and custodian decisions, giving Balasa Dinverno Foltz & Hoffman LLC a multitude of options to work in the most cost-effective manner on behalf of their clients. Furthermore, Tamarac's modifiable settings and multiple investment strategies greatly enhance the advisors ability to create the most beneficial portfolio to meet the unique set of circumstances for high net worth clients.

"We are excited to serve Balasa Dinverno Foltz & Hoffman LLC," says Matt Springer, CEO of Tamarac. "Their work with the Alpha Group, an exclusive association of 18 senior investment advisors, has defined the value behind separate account management and continues to forge the path for quantitative investment strategies. Our relationship with BDF&H validates the need in this space for Tamarac's software solution."

About Tamarac Inc.

Founded in 2000, Tamarac focuses on web-based portfolio rebalancing and trading software and consulting services for investment professionals that enable them to grow their business by automating critical portfolio management tasks. Tamarac is the leading portfolio rebalancing software provider with a collective client AUM in excess of $100 billion. Tamarac maintains over a 95% client renewal rate by working with each client to implement its technology and providing continuous support.

Tamarac is headquartered in Seattle, WA. Its website address is: http://www.tamaracinc.com

About Balasa Dinverno Foltz & Hoffman LLC

Located in Schaumburg, IL, Balasa Dinverno Foltz & Hoffman LLC is an independent multi-disciplinary wealth management firm that provides financial planning and money management services for private investors, retirement plans, charities and trusts. BDF&H currently manages over $470 million in assets on a fee-only basis.