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Wealth Management Software - Two licence wins worth £0.5m

April 2002

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

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  • WMS
Wealth Management has announced three new contract wins. The two bigones are to provide  its LISA wealth management system to stockbroker, Teather & Greenwood, and the Homeowners Friendly Society. Each one is worth £410,000 and comprises a £250,000 licence fee and services. The third contract is Gerrards Private Bank and worth£92,000. The new contracts take total orders for LISA to bebooked for FY02 to five following on from the £500,000 Cofunds licenceand the £249,000 Goy Harris Cartwright wins in the fourth quarter. WMShas  positioned its price-point  much lower thanexpectations two years ago of £1m-plus contracts. That said, it hasalso chopped overheads which are now covered by existing servicecon ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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