CHICAGO, Sept. 16 /PRNewswire/ -- EVEREN Clearing Corp. announced today
that it has signed a marketing agreement with Portfolio Management
Consultants, Inc. (PMC) which will provide fee-based investment products to
EVEREN's correspondent broker-dealers.  Through the World Advisor Account,
EVEREN correspondents will be able to offer a fee-based mutual fund asset
allocation program, private wealth management and enhanced statement reporting
services.
    Both the mutual fund and private wealth management programs offer several
modules, including client questionnaires, risk tolerance profiling and
investment policy statements.  The mutual fund program is entirely
computerized, complete with NASD-approved tutorials and historical data on
hundreds of mutual funds.
    "The marketing agreement with PMC allows us to provide correspondent
clients with a competitively priced, sophisticated wrap program," said
C. Michael Viviano, president and chief operating officer of EVEREN Clearing
Corp.  "In addition, our correspondents have the option to customize the World
Advisor Account with their own private labels."
    The World Advisor Account is the foundation through which EVEREN Clearing
Corp. will provide its clients with streamlined, cost-efficient investment
management tools that do not require a significant capital investment.  The
program includes account reporting, due diligence on funds and fund managers
and front-end analysis all in one package.  Supported by PMC, the World
Advisor Account will be employed by EVEREN Clearing Corp. correspondents who
are registered investment advisors.
    The mutual fund wrap portion of the World Advisor Account is a personal
computer-based software program that allows registered investment advisors to
query prospective clients using approved questions, plot client responses and
recommend portfolio asset allocations based on selected investment criteria.
    The private wealth management segment allows clients to establish specific
goals and objectives and use the investment resources of several third-party
money management firms.
    The managed account reporting service of the World Advisor Account offers
clients various statement options, including a full-color report that provides
comprehensive accounting and analysis for the entire portfolio.  Also, these
quarterly performance reports can be customized to include historic client
performance and economic and market data, as well as customized benchmarks for
performance comparisons.
    Portfolio Management Consultants, Inc. is a subsidiary of PMC
International, Inc. (Nasdaq: PMCI) and provides individually managed account
and mutual fund wrap programs to broker-dealers, banks, insurance companies
and investment advisors in more than 11 countries.
    EVEREN Clearing Corp., a subsidiary of EVEREN Capital Corporation
(NYSE: EVR), provides clearing services and securities execution on a fully-
disclosed basis and commodities clearing services for EVEREN Securities, Inc.
and other non-affiliated broker-dealers.  EVEREN Clearing provides transaction
processing services for approximately 30 non-affiliated broker-dealers.
Headquartered in Chicago, EVEREN Capital is among the largest employee-owned
companies in the nation, with more than 3,300 employees in approximately 135
offices.

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