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Tamarac Inc. Partners With ADVISORport

Companies Collaborate to Offer ADVISORport's New Multi-Strategy Accounts with Tax-Efficient Overlay

SEATTLE, WA, March 12, 2002 - Tamarac Inc. announced today that its Custom Blended Tax TechnologyTM will be incorporated into ADVISORport's newly launched Multi-Strategy Accounts (MSAs). MSAs create a single account that encompasses a diversified mix of investment strategies, each of which is assigned to a separate investment manager. Tamarac's Custom Blended Account Technology (CBATTM) is one component of Tamarac's wide range of tax efficient separate account management solutions.

Tamarac's tax-efficient portfolio management technologies cater to the full spectrum of professional advisors, whether they are smaller "passive" investment advisors, "active" institutional managers, or brokers with existing model portfolios who want to add tax-efficiency and customization to their existing equity offerings. Tamarac's CBAT in particular allows index asset allocators, multi-strategy money managers and separate account sponsors to create custom blended accounts by combining different strategies or styles into one allocated benchmark. The result is the ability to produce and maintain well-diversified, highly customized, tax-efficient portfolios that can be made available to investors with smaller account minimums.

ADVISORport's MSA product is available only through financial advisors, and is aimed to address the often unmet need of investors who seek separate account management but lack the minimum balance for a well-diversified mix of traditional, managed accounts. ADVISORport's Multi-Strategy Accounts offer a range of equity investment styles overseen by selected, institutional money managers, including but not limited to Rittenhouse Financial, Logan Capital, Lotsoff Capital and OFI Private Investments.

Matt Springer, CEO and president of Tamarac Inc., said, "We are always excited to see our product implemented in innovative ways. ADVISORport understands how to leverage our flexible technology to provide financial advisors with a highly competitive product for a significant portion of their client base, while allowing them to deliver on the promise of tax-efficiency and customization within those separate accounts."

"Tamarac is a natural partner for us because their flexible Web-based technology can add true tax-efficiency to our new MSA product, and handle the level of volume we expect," said Gregory S. Horn, chairman and CEO of ADVISORport. He noted that Tamarac's compatibility with ADVISORport's portfolio management system, Security APL, made the partnership even more appealing and easy to implement. "Our new Multi-Strategy Account is further proof that ADVISORport leads the industry as a developer of innovative solutions for financial advisors," he added.

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