News

Albridge Announces Agreement to Provide Pacific Select Group Broker-Dealer Network with Access to Data Aggregation Technology

Lawrenceville, NJ — July 11, 2006 – Albridge Solutions, an industry leader in enterprise data management (EDM), web-based portfolio accounting and performance reporting, reached an agreement to provide Pacific Select Group (PSG), a wholly owned subsidiary of Pacific Life Insurance Company, with access to data aggregation technology that enables their independent registered representatives (reps) to view and report on their clients' self-directed assets.

The Albridge Data Aggregation service combines CashEdge's AllData solution with the on- demand reporting capabilities of Albridge Wealth Reporting™. These integrated technologies provide PSG's reps with the ability to view clients' self-directed assets. Access to this consolidated, holistic snapshot of client portfolios increases a rep's ability to provide financial advice to their clients. This single client view is achieved by leveraging CashEdge's technology that imports data into Albridge Wealth Reporting from more than 9,000 external sources including 401k accounts, annuities, bank accounts, discount brokerages and other investment holdings. Equipped with a more complete picture of a client's portfolio, reps can deliver a level of service that results in higher client service and loyalty, and increases their opportunity to gather and consolidate more of their clients' assets and serve as a client's single, trusted advisor.

""As an addition to our AdvisorConnectSM technology platform, Albridge's Data Aggregation offers independent registered reps within our broker-dealer network a competitive advantage. Clients can view their entire portfolio in one place and reps can increase customer loyalty and expand the range of information provided by our integration technology," said Mike Graham, vice president of technology, PSG.

"Albridge is committed to delivering technology solutions that help leading financial institutions, like PSG's broker-dealer network, increase efficiency and deliver an even higher level of service to the investors they support," said Tom Sullivan, vice president, Albridge Solutions. "In teaming with CashEdge to deliver an integrated data aggregation tool, we are providing financial advisors and their clients with a solution that enables them to offer financial planning and portfolio management services based on a more comprehensive understanding of their clients' assets."

About Pacific Select Group
Pacific Select Group, LLC is a wholly-owned subsidiary of Pacific Life Insurance Company, a recognized leader in the financial industry, and the parent company for five broker/dealers: Associated Securities Corp.; M.L. Stern & Co., LLC; Mutual Service Corporation; United Planners' Financial Services of America; and Waterstone Financial Group. Pacific Select Group also has an equity interest in a sixth broker/dealer, Sorrento Pacific Financial, LLC.

About Albridge
Albridge Solutions provides enterprise data management (EDM) and Web-based portfolio accounting and performance reporting solutions to more than 130 financial services firms representing $1 trillion in assets, more than 70,000 financial advisors and millions of investors. Using patent-pending technology, Albridge Solutions consolidates account information from hundreds of data sources encompassing thousands of product companies. Through Albridge Wealth Reporting, the firm's web-based portfolio accounting and performance reporting solution, this valuable customer data is readily accessible to leading financial institutions and advisors including investment management firms, insurance companies, banks, registered investment advisors, and independent, insurance and bank broker-dealers. Additional information is available at www.albridge.com.

About CashEdge
CashEdge® provides innovative, online financial applications for banks, credit unions and wealth management firms. CashEdge's solutions include end-to-end online account opening and funding, funds transfer and data consolidation. These proven solutions are flexible, scalable and supported by extensive risk management capabilities. With CashEdge, financial institutions are able to create compelling online offerings that attract customers, generate revenues and reduce costs.

CashEdge serves more than 450 leading financial institutions, including such leading institutions as Bank of America, Citibank, Harrisdirect, and Royal Bank of Canada. CashEdge has offices in New York and Silicon Valley. For more information, please visit www.cashedge.com.

Contact: Jason Beyersdorfer 609-806-0235