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Albridge Solutions Extends Automated Data-Conversion Utility to Support Users of Advent's TechFi

Data-conversion tool enables advisors to import valuable historical client account information into the Albridge Platform

Albridge continues to increase its commitment to meeting client needs through increased investment in staff and technology

April 28, 2005- Lawrenceville, NJ - Albridge Solutions, the industry leader in enterprise data consolidation and Web-based portfolio accounting and performance reporting, announced today that it has added a TechFi data conversion utility to its product line to support those advisors looking to migrate their customer account information from Advent to the Albridge Platform.

Albridge Data Convertor, an account import facility, provides advisors with an automated, cost-effective means of back-loading historical account data and client information from third-party software systems, such as Advent's Axys 3.0, FCSI dbCAMS +, Schwab Centerpiece 5 and now Advent's TechFi into the Albridge Platform.

"While other financial service technology vendors have been scaling back or stopping support for their products, Albridge has continued to raise its commitment to meeting client needs through increased investment in support staff and technology solutions," said Alex Sauickie, VP of Client Service and Support for Albridge Solutions.

With a continued commitment and focus on data quality, Albridge applies its proprietary, patent pending data cleansing and normalization methodologies to the imported data. Once in the system, advisors need only to review and approve the imported information before it is automatically merged into the Albridge data warehouse and available for use.

"Historically, the process of moving data from one solution to another was cumbersome, labor-intensive, and fraught with error. Our 'Review and Approve' tool makes it easy for advisors to verify the accuracy of the import file, thus ensuring that the integrity of the data has been maintained throughout the process," said Jakob Rohn, Executive Vice President Albridge Solutions. "In addition, Data Convertor allows advisors to leverage past investments they have made in other systems by providing access to the historical data they have collected and stored for years and using it within Albridge's Wealth Reporting application."

About Albridge Solutions

Founded in 1993, Albridge Solutions consolidates account information from hundreds of data sources encompassing thousands of product companies and makes this valuable customer data readily accessible to many leading institutions within the Financial Services industry. Using patent-pending, state-of-the art technology, Albridge Solutions collects, cleanses and normalizes the transaction and position-level securities data it receives from settlement and clearing firms, data custodians, product companies as well as internal proprietary systems . This data in turn is used to power Albridge Wealth Reporting, our proprietary web-based portfolio accounting and performance reporting solution in use at over 85 financial services firms representing over $500 billion in assets, 50,000 financial advisors and millions of investors. Financial Institutions can also choose to receive cleansed and consolidated information via Albridge Web Services or Albridge Replicated Data Services to jumpstart enterprise level initiatives such as data-mining, CRM, compliance monitoring and other mission critical business applications. For more information, contact Stuart Tarmy, Vice President, Marketing at 609-806-0227.

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