News

Albridge Solutions Unveils Integrated Insurance and Investment Reporting Platform

Solution is among the first to satisfy advisor demand for reporting platform that can produce single comprehensive relationship report

Lawrenceville, NJ — March 27, 2006 — Albridge Solutions, the industry leader in enterprise data management (EDM) and performance reporting, announced today the inclusion of detailed policy attributes on a broad range of insurance products to Albridge Wealth Reporting (AWR). This solution is among the first of its kind to provide investment advisors with a single comprehensive relationship report that integrates a client's insurance and investment product information.

Initially, Albridge will collect and normalize information from more than 60 insurance carriers. Through an extensive suite of interfaces, data is delivered directly from insurance carriers, third-party providers such as DTCC, DST Systems and Blue Frog Solutions, among others. Albridge will capture and report on insurance policy attributes, including premiums, party information, benefits, riders, policy status and more. This enables AWR to provide investment advisors with a consolidated view of a client's insurance and investment products, and a more complete picture of their total net worth.

The addition of this detailed policy information also represents a logical extension of the Albridge platform that collects, normalizes and consolidates data for a financial services firm's major lines of business, including banking, asset management, brokerage, insurance, trust and debt.

"The worlds of investment and insurance are converging," said Jake Rohn, executive vice president of corporate development, Albridge. "Increasingly, investment advisors are assuming the role of wealth managers and serving a broader range of their clients' financial planning needs. We believe this is one of the first technology solutions that can help them meet the challenges this presents by providing a more complete picture of a client's total net worth through an integrated investment and insurance report."

"The addition of detailed insurance policy information makes Albridge Wealth Reporting an even more valuable solution for our business," said Marypat Ganley, vice president, business development, Cadaret Grant & Co., Inc. "Advisors have immediate access to a broader range of information about a client's total net worth, enabling them to deliver a higher level of service and focus more time on helping their clients meet their financial goals."

About Albridge
Albridge Solutions is the leading provider of enterprise data management (EDM) and Web-based portfolio accounting and performance reporting solutions to the financial services industry. Financial institutions and advisors including investment management firms, insurance companies, banks, registered investment advisors, and independent, insurance and bank broker-dealers rely on Albridge for the high-quality consolidated data they need to succeed. 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 financial institutions and advisors. Using patent-pending 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 and internal proprietary systems. This data is then used to power Albridge Wealth Reporting, our web-based portfolio accounting and performance reporting solution in use at over 100 financial services firms representing over $850 billion in assets, 60,000 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 support enterprise level initiatives such as data-mining, CRM, compliance monitoring and other mission critical business applications. Additional information is available at www.albridge.com.

Contact: Jason Beyersdorfer 609-806-0235