printer friendly

News

Current2006200520042003200220012000

Albridge Solutions Recognized in Celent Survey of Wealth Management Technology Data Consolidation Providers Albridge Receives Top Ranking within High-Net-Worth Category

Lawrenceville, NJ — July 14, 2006 – Albridge Solutions, an industry leader in enterprise data management (EDM), web-based portfolio accounting and performance reporting, received the top ranking among providers supporting the high-net-worth market segment in the wealth management data consolidation solutions report published this week by Celent.

The report compared five leading data consolidation solutions in the North American market. In addition to its market leading position in the high-net-worth segment, the Celent report gave high marks to Albridge for breadth of functionality and advanced features. The reported also cited the quality of Albridge's data sources as a key factor that distinguished its technology from the solution providers covered in the study.

"Albridge's top ranking in Celent's wealth management study reflects our focus on providing the comprehensive, consolidated portfolio performance reporting that high-net-worth clients have come to expect from their advisors," said Greg Pacholski, president and chief executive officer, Albridge. "Recent studies show that only 1 in 5 high-net-worth families are receiving the comprehensive financial planning they need. We are committed to continuously improving the service we provide, and to delivering enterprise data management and wealth reporting solutions that enable financial services firms and their advisors to address this growing client need."

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

For More Information:

Address
Albridge Solutions
1009 Lenox Drive, Building 4
Lawrenceville, NJ 08648

Phone
(877) 252-9963

Email
info@albridge.com