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FOR IMMEDIATE RELEASE
Contact:
Eric J. Weiss, President
info@brightscape.com
Brightscape Investment Centers, Inc.
9130 So. Dadeland Blvd., Suite 1602
Pinecrest, FL 33156
Phone: (888) 888-0967
http://www.brightscape.com
Brightscape Launches
Innovative Financial Services Franchise and Signs Up First
Franchisee
Miami, FL -- November 18, 2003
-- Brightscape Investment Centers, Inc. today signed its first
franchisee in Dallas, TX, one month after introducing this
new concept. It consists of an upscale, turnkey financial
services business that can be operated from a home office
and requires no experience in the investment industry. For
a mere $10-15,000 initial investment, Brightscape franchisees
receive the use of proprietary software and back-office support
to create personalized investment solutions for those millions
of Americans whose portfolios are not substantive enough to
interest the professional investment community.
Unlike other franchising concepts,
Brightscape offers a system whereby franchisees are able to
outsource core operational tasks to the franchisor. As a result,
they operate with lower fixed costs and can focus on investors
with portfolios less than $250,000, a population currently
neglected by most financial services firms. According to the
Investment Company Institute in their report, Equity Ownership
in the U.S. 2002, approximately 50 million equity investors,
with median equity holdings of $25-30,000, “did not
rely on advice from a professional advisor in 2002.”
“We have gotten great
interest in our franchise from across the country and currently
have 10-15 applicants in the final stages of documentation,”
says Eric Weiss, president of the Company. “Because
of its turnkey and systematic approach a Brightscape franchise
will appeal to people without a financial background as well
as to financial professionals, working at national or regional
brokerage houses, who desire to strike out on their own and
take home a bigger percentage of what they produce.”
Weiss notes that franchisees have the option of getting trained
to pass the Series 65 (investment advisor) exam and act as
a full-fledged investment advisor, or just focus on finding
clients, whom the main office provides with personalized investment
plans. With both options, franchisees receive extensive training
in sales, financial management of their company and the investment
industry.
One facet of the Brightscape
system is the Company’s proprietary software Advice
Manager, cited in January of 2003 as a “Best Technology
of 2002” for financial advisors by MorningstarAdvisor.com.
This software, for which the Company invested over $1 million
to develop, decreases preparation and completion time of customized
investment plans for clients. Brightscape has filed a patent
application covering some of the software’s functionality
(U.S. patent application 09/736,064).
Brightscape Investment Centers,
Inc.’s co-founders, Eric J. Weiss and R. Dirk Peters,
have over 25 years of financial and investment experience
with Citibank and J. P. Morgan Chase. Previously, the Company
advised international pension funds on asset allocation. As
a Registered Investment Advisor the Company today offers investment
advisory and consulting services to individual investors and
401(k) plan sponsors, respectively.
The company is rolling out
the Brightscape franchise nationwide. More information on
the company and how the franchise works is available at http://www.brightscape.com.
Phone:
(888) 888-0967
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Copyright ©2007 Brightscape, Inc. All Rights Reserved.
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