News

Albridge Solutions' Wealth Reporting Becomes Technology of Choice for Financial Industry

Adoption by Advisors and Investors Significantly Climbs as Albridge Continues to Grow and Debut New Products and Services

Aug. 1, 2005-Lawrenceville, NJ— Albridge Solutions, www.albridge.com, the industry leader in enterprise financial data consolidation and performance reporting, announced today considerable increases of advisors and investors using its wealth reporting platform and an overall growth of the company that has included deeper penetration into the marketplace and the expansion of products and services.

"The past year has been one of momentous growth for Albridge as tens of thousands of advisors and investors, representing increases of 50 and 1000 percent respectively, have chosen our wealth reporting solutions to support and improve their practices," said Greg Pacholski, President and CEO, Albridge Solutions. "The continued adoption by advisors across all of our private labels demonstrates that the word is out about Albridge's exceptional ability to provide the best financial data solutions available."

Albridge Solutions is also strengthening its position as a leading source for technical training and is on target to instruct more than 10,000 advisors this year on the Albridge platform. Chris Farber, VP of Sales and Account Management at Albridge Solutions, said, "The confidence advisors have in the accuracy of our data combined with the user-friendliness of our applications has led them to include their investor clients as active users on the system." Farber added, "Albridge has more than 400,000 investors using our tools every day and as one of the few companies to offer such attention to training, we expect more investors to become active users on our system in the future."

Based on the success of its data aggregation, consolidation and reporting capabilities, Albridge Solutions has continued to expand its portfolio of products and services and announced earlier this summer the creation of Information Services and the Albridge Advisor Report. The report provides advisors and institutions with metrics, benchmarks and analysis that help measure performance and competitiveness. The report features the Albridge Advisor Rating which scores advisors on multiple metrics within a relative peer group in four categories (performance, activity, diversification and growth). In addition, the report will contain key metrics of advisors performing in the top five percentile for a Best-of-Breed Analysis that includes sales and performance.

Albridge's Wealth Reporting provides financial institutions, their advisors, and their permissioned clients with immediate, on-demand access to the transaction-level data that's critical to successful wealth management. Albridge clients are provided with a hierarchical view which provides users at all levels the ability to securely view, analyze and report on their respective clients and/or account information. Advisors can create on-line portfolios, households of any combination of clients or accounts and can generate in-depth reports to use in their practices. Users are also empowered with the ability to automate the preparation of regularly reoccurring statements and reports as well as e-mailing them to clients - effectively streamlining business operations, enabling increased productivity and allowing more time to gather (and retain) assets. The Albridge Wealth Reporting platform is also known as: Vision 2020 Oneview, PartnerView, OnmiSource, CAI(2) and OneSource by Albridge.

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 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.