
Securian Financial Services Selects Albridge for
Enterprise Data Consolidation and Wealth Reporting Solutions
Lawrenceville, NJ — May 15, 2006 — Albridge Solutions Inc., a leading provider of enterprise data management (EDM), web-based portfolio accounting and performance reporting solutions, and Securian Financial Services, Inc., the broker-dealer for Securian Financial Group, Inc., announced an agreement to provide Securian’s financial advisors with a consolidated view of key client data and access to comprehensive on demand reporting capabilities through Albridge Wealth Reporting (AWR).
Albridge’s technology will enable Securian’s financial advisors to provide clients with a consolidated view of their investment holdings. In addition, through AWR, Securian’s advisors will be able to generate a variety of performance, asset allocation, holdings, transactions, and benchmarking reports for clients, on demand.
Combined, Albridge’s technology solutions empower Securian’s advisors with a more complete view of their clients’ total net worth, enabling them to deliver more comprehensive financial planning advice, offer a higher level of client service and more efficiently work with their clients to monitor asset growth and portfolio performance.
“Albridge is recognized as the leader in delivering enterprise data consolidation and wealth reporting solutions in the independent broker-dealer community,” said George Connolly, president and chief executive officer, Securian Financial Services. “In today’s fast-changing market environment, the capabilities that Albridge provides allow us to offer advisors a consolidated view of clients’ total net worth and more comprehensive portfolio reporting to monitor asset growth. This will be a key success factor in our ability to strengthen and establish long-term advisor relationships.”
“Securian Financial Group is one of the nation’s most well established financial services firms,” said Greg Pacholski, president and chief executive officer, Albridge Solutions. “We look forward to working as a strategic ally in helping Securian Financial Group’s trusted advisors access the critical client data, reporting solutions and business tools they need to operate even more efficiently and help meet their clients’ diverse financial goals.”
About Securian Financial Group
Securian Financial Group was founded in 1880 and provides financial security for individuals and businesses in the form of insurance, retirement plans and investments. Its affiliates include Minnesota Life Insurance Co., Advantus Capital Management, Allied Solutions, Securian Retirement Savings, Securian Financial Services, and Securian Trust. Securian has more than $500 billion of life insurance in force, $27 billion in assets under management, and a combined work force of more than 5,000 employees and advisors in its St. Paul, MN headquarters and offices across the country. Securian serves more than 7,000,000 individuals in all 50 states and Puerto Rico.
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 more than 100 financial services firms representing in excess of $1 trillion in assets, 70,000 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