News

JW Cole Financial Chooses Albridge Solutions for Enterprise-Wide Data Consolidation

Albridge to assist JW Cole as it continues to provide representatives the leading technology to serve customers better

June 2, 2005 - Lawrenceville, NJ - Albridge Solutions (formerly StatementOne), the industry leader in enterprise financial data consolidation and performance reporting, announced today that JW Cole Financial has signed an agreement to implement Albridge’s Wealth Reporting platform. R.J. Wood, Vice President of JW Cole Financial describes the advantage of partnering with Albridge:

"We acknowledged the growing role that Albridge is playing within the financial services community and the need to be able to provide our advisors with the technology that continues to position them ahead of their competitors. As one the fastest growing truly independent Broker/Dealers, J.W. Cole is continually looking to increase our product suite that we make available to current and future representatives. Albridge brings to us yet another piece to add to our reps’ ‘virtual office’ allowing internet access to powerful client information from anywhere at anytime.”

Greg Pacholski, President of Albridge Solutions notes, “What we are seeing within the financial services industry is something we call ‘“The Network Effect’ whereby the growing number of broker dealers and advisors that we support are providing us with collective feedback regarding our future product development and services. The collective value of this feedback, including the deep-level relationships that we have formed with our partnering firms, is allowing us to better serve the common goals and objectives that our clients’ are mutually seeking.”

About JW Cole Financial

Based in Tampa, Florida, J.W. Cole is an independent Broker/Dealer, servicing registered representatives and clients throughout the entire United States. Independently owned and having absolutely no ties to any proprietary securities or products, J.W. Cole and its registered representatives are able to successfully and ethically serve their clients financial needs without any added pressures or quotas. Solid relationships serve as the foundation for J.W. Cole’s success and the catalyst for its future growth.

About Albridge

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 of the leading institutions within the Financial Services industry. Using proprietary, 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 at 609-806-0227.