Placemark's Managed Assets Exceed $4 Billion

- Double April's Total Amid Rapid Growth in UMA Programs -

DALLAS and WELLESLEY, MA, December 7, 2006 – Placemark Investments, the investment industry's largest independent provider of active overlay portfolio management services, is pleased to announce that its assets under management increased to over $4 billion at the end of November, a 100% gain in seven months, powered by strong demand for the company's open-architecture Unified Managed Account (UMA) solutions.

Over 30,000 financial advisors and their clients in the US and Canada have access to UMA programs sponsored by companies using Placemark's overlay management services and they are rapidly adopting these innovative investment solutions, said Randy Bullard, Executive Vice President at Placemark. Placemark is the active overlay manager in UMA and Multi-Discipline SMA programs for brokerage firms, registered investment advisors, and banks, including RBC Dain Rauscher, Prudential Financial, BMO Nesbitt Burns, and Homrich & Berg.

"Placemark is at the forefront of the fast-growing UMA marketplace,'' Bullard said. "We've experienced 300% annual growth over the past three years and, looking at the current market demand, we believe we have the pipeline, momentum and potential to continue similar growth in the year ahead.”

UMAs – fee-based investment solutions that combine multiple investments such as separately managed accounts, mutual funds and ETFs into customized portfolios – and Multi-Discipline separately managed account (SMA) programs are projected to increase by 40-50% annually to $500 billion in assets by 2010, according to research published by the Washington, DC-based Money Management Institute, an industry association.

Placemark, based in Dallas, Texas, and Wellesley, Massachusetts, works with managed account program sponsors to develop custom programs that deliver superior features and value to their advisors, while leveraging their existing operational infrastructure and preferred investment managers and products. Placemark currently works with over 200 separate account investment styles provided by over 120 industry-leading investment managers.

Placemark offers customized investment solutions, implementing transition plans for clients with concentrated positions or portfolios with deep embedded gains, and tailoring client portfolios for individual tax and risk requirements. Over 30% of Placemark's total assets under management are managed using the firm's tax customization and transition services.

"The ability to integrate a sponsor's preferred roster of products and SMA managers, combined with flexibility in features and back-office systems support, has made Placemark the overlay manager of choice for companies developing custom UMA programs,'' Bullard said.