EMAP has chosen to utilize Ibbotson Associates software for your reporting because, Ibbotson Associates has played an integral role in the advancement of asset allocation beyond the classroom to practical, real-world applications. Their expertise, and the success of their pragmatic approach, has made them a premier provider of asset allocation software. Utilizing Ibbotsons Associates software, thorough a step by step process, Empires' Managed Account Program, EMAP can suggest appropriate portfolio designs. This process begins with a questionnaire, which will evaluate individual risk tolerance. Next, a series of asset class model portfolios are designed to provide the maximum expected return for investors in each risk classification. Finally, EMAP utilizing Ibbotson software applications will analyze how each recommended allocation will perform under a variety of capital market conditions. This process is further refined to facilitate specific security holding recommendations using returns- based style analysis.

Ibbotson's Portfolio Strategist reporting

EMAP utilizing Ibbotson software will assist you in building portfolios and determine the asset mix that offers the best chance of achieving the highest return for a given level of risk. Changing needs and objectives, unique constraints and a variety of risk tolerances. All these factors must be considered when designing, implementing and monitoring asset allocation strategies.Portfolio Strategist can help you face the ongoing challenge of tailoring asset allocation recommendations to fit your needs. Portfolio Strategist software allows EMAP to:

	Evaluate your goals, risk tolerance, current assets, and spending and savings habits.
	Find portfolios that have the highest chance of hitting your return goals.
	Account for the impact of taxes by including both taxable and tax-deferred portfolios.
	Determine the portfolio that provides the most suitable combination of risk and return.
	Create comparisons of multiple portfolio allocations on the efficient frontier.
	Show your current portfolio measures up to your proposed portfolios.
	Examine the effect of changing assumptions like tax rates, spending and saving rates, retirement date and inflation.
	EMAP will tailor a report for your review.

	Eliminate the second guesses involved in mapping individual equities and mutual funds to appropriate asset classes.
	Utilize an extensive database containing over 8,000 equities and 4,500 mutual funds to accurately classify existing holdings into pre-defined asset classes for use within Portfolio Strategist..

	Create graphs and charts to educate your clients on historical relationships of asset classes.
	Perform in-depth historical analysis of asset class data to rank performance and examine risk/ return tradeoffs.
	Input your portfolios and compare its historical performance to benchmarks.
	Create the necessary statistics for portfolio optimization from historical data.
	Take an optimal portfolio created by EMAP, identified in Ibbotson Portfolio Strategist and compare their historical risk/ return relationship to other portfolios and asset classes.

Ibbotson Fund Strategist
Returns-based style analysis feature in Fund Strategist is used to monitor and implement an asset allocation policy. Selecting funds to implement an asset allocation policy can be difficult, especially when you encounter outdated or abbreviated holdings, changing managers and objectives, and most importantly, drifting, shifting or mislabeled styles. EMAP utilizing Fund Strategist simplifies the process and helps you strengthen your approach to mutual fund selection with the returns-based style analysis. Fund Strategist allows us to:

	Fund Strategist results in client presentations or as fact sheets with the full color, one-page fund profiles highlighting the fund's style and performance over time.
	Assess a fund's historical investment style and observes how consistently the fund has maintained this style over time.
	Determine whether or not fund managers have added value through stock selection or market timing relative to their customized benchmark.
	Screen on criteria such as turnover, expense ratio and total return.