from DSSResources.comILOG optimizes Ameriprise Financial's key financial planning toolMOUNTAIN VIEW, Calif., Aug. 31, 2005 -- Lifetime financial planning is complex. Each person has a unique financial situation -- with a variety of risk tolerances, investment goals, time tables and tax situations, coupled with inherent life and market changes that must always be taken into account when doing financial planning. To address all these issues in one solution, Ameriprise Financial, has selected ILOG's optimization software for its new The Lifetime Optimizer (SM) financial planning solution -- ILOG(R) announced today. Ameriprise Financial, formerly American Express Financial Advisors, is one of the nation's leading financial planning, asset management and insurance companies. The Lifetime Optimizer is a state-of-the-art, proprietary tool, that will allow Ameriprise financial advisors to create and propose dynamic investment strategies that address the complex and interdependent financial choices that clients need to help meet their financial goals over their life time. The Lifetime Optimizer relies on ILOG CPLEX to help customers make better financial decisions faster and manage the change in the financial market and the complexity of the fiscal regulations. "The Ameriprise Financial Lifetime Optimizer (SM) quickly and accurately formulates a complete investment strategy that recommends where clients' existing assets should be held, saved, spent and invested over a period of time," said Bill Elliott, VP and General Manager Financial Advice, Ameriprise Financial. "One of the key benefits of the Lifetime Optimizer is that it can determine the tax treatments of different accounts and propose the optimal asset allocation strategies based on particular tax situations. And, the Lifetime Optimizer is only available at Ameriprise Financial Advisors." Widely used by investment banks and asset management firms globally, ILOG CPLEX -- the most widely-deployed optimization software in the world with more than 100 of the Global 500 as customers -- is used to optimize asset allocation (actions that minimize risks and volatility while maximizing returns). ILOG CPLEX is also used to optimize a portfolio against specified indices, create portfolios with risk profiles closely matched to a given benchmark, as well as creating, managing and rebalancing portfolios that meet customers' investment goals and risk aversion. About ILOG ILOG delivers software and services that empower customers to make better decisions faster and manage change and complexity. Over 2,500 global corporations and more than 465 leading software vendors rely on ILOG's market-leading business rule management system (BRMS), optimization and visualization software components, to achieve dramatic returns on investment, create market-defining products and services, and sharpen their competitive edge. ILOG was founded in 1987 and employs more than 650 people worldwide. For more information, please visit http://www.ilog.com . NOTE: ILOG and CPLEX are registered trademarks of ILOG. All other company and product names are trademarks or registered trademarks of their respective owners. About Ameriprise Financial Ameriprise Financial, formerly American Express Financial Advisors, is one of the nation's leading financial planning, asset management and insurance companies. Through its nationwide network of more than 10,000 financial advisors, Ameriprise Financial delivers solutions to clients through a comprehensive and personalized financial planning approach built on a long-term relationship with a knowledgeable advisor. The company specializes in meeting the retirement-related financial needs of the mass affluent. For more information, visit http://www.ameriprise.com. On Feb.1, 2005, American Express Company announced plans to pursue a spin-off to shareholders of the American Express Financial Advisors unit. The transaction is expected to be completed in the third quarter of 2005, subject to certain conditions. Web Site: http://www.ilog.com |