D.A. Davidson Signs With ADP Investor Communication Services for Investor Mailbox

NEW YORK, New York -- October 24, 2006 -- ADP Investor Communication Services (ADP ICS), a division of Automatic Data Processing’s (NYSE: ADP) Brokerage Services Group, announced today that D.A. Davidson & Co. has successfully launched ADP’s Investor Mailbox(SM) solution to its clients.

Investor Mailbox is a web-based presentation of regulatory investor communications. These communications can be informational as well as those that require action. Investor Mailbox is fully integrated into the broker dealer’s own website. Distributions included in the Investor Mailbox are proxies for corporate and investment company issuers, regulatory documents, corporate action notices, statements, trade confirmations, tax forms, and prospectuses.

“Investor Mailbox creates a three-pronged partnership between the broker, issuer and investor that promotes increased opportunity to participate in and review regulatory communications,” said Bob Schifellite, Senior Vice President and General Manager of ADP ICS. “It is designed to leverage technology to drive more investors to embrace electronic delivery and interactive documents on the Internet, leading to improved communication and participation, while also lowering costs throughout the distribution supply chain.”

“ADP’s Investor Mailbox provides our shareholders with a single-visit financial portal that promotes shareholder activism,” said George Tootle, Vice President, Director of Operations of D.A. Davidson & Co. “It also provides our client service staff the ability to monitor all activity and documentation in a single location, ensuring that all interactions with our clients are positive.”

About ADP Brokerage Services Group

As the premier provider of transaction services to the financial industry, ADP has the capacity and technological expertise to assist its clients in differentiating themselves in the marketplace. ADP brings to financial intermediaries advanced, integrated systems for securities processing, desktop productivity and investor communication services, all focused on providing solutions for straight through processing and World Class Service.

ADP, with $9.0 billion in revenues and more than 570,000 clients worldwide, is one of the largest providers of a broad range of premier, mission-critical, cost-effective transaction processing and information-based business solutions. For more information about ADP Brokerage Services Group, please visit www.bsg.adp.com and for other ADP services and investor information, please visit www.adp.com.

About D.A. Davidson & Co.

Founded in 1935, D.A. Davidson & Co. is the largest full-service investment firm based in the greater Northwest and northern Rocky Mountain region, with offices in eight states. D.A. Davidson & Co. is owned by Davidson Companies, a Great Falls, Montana-based financial services holding company. Also part of Davidson Companies are Davidson Trust Co., a wealth management and trust operation; Davidson Investment Advisors, a professional money management firm; and Davidson Travel, a full-service travel agency.

Contact Information

Dorothy Friedman

Press Contact

ADP Brokerage Services Group

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