News

Albridge Solutions Introduces Fee Billing Technology

Solution Offers Financial Advisors Unparalleled Breadth in Reporting and Billing on Assets Across an Entire Household and Multiple Custody Platforms

Lawrenceville, NJ — January 18, 2007 – Albridge Solutions Inc., a leading provider of enterprise data management (EDM), web-based portfolio accounting and performance reporting solutions, has expanded its technology platform to include a fee billing component. Albridge Fee Billing provides financial advisors with unmatched breadth and flexibility in automating and applying a fee billing schedule across all accounts within a single household, regardless of where the account assets are held in custody.

Albridge Fee Billing enables a financial advisor to create and manage a complex fee structure, including support for standard fee components (e.g. flat fees, rate-based fees and discounts), arrears or advanced billing capabilities, billing for partial periods, and more. In addition, enterprise controls allow financial institutions and registered investment advisors to implement mandatory fee structures and report on billing activity. The fee billing application is integrated into Albridge Wealth Reporting, enabling financial institutions and RIAs to leverage Albridge's data consolidation technology and access a single platform for portfolio accounting and performance reporting, as well as fee billing. Additional benefits that Albridge Fee Billing delivers to financial advisors include:

• Billing for Consolidated Accounts—Enables a financial advisor to bill on external accounts consolidated from any custodian or clearing services firm. The ability to bill across multiple, consolidated interfaces results in greater choice for advisors, helping accelerate the transition to a fee-based business model.

• Customization and Automation—Allows financial advisors to customize fee structures, including discounts, billing minimums and exclusions. This capability eliminates the need to manually adjust individual bills to address heirloom investments, referral discounts or other specific client situations.

• Batch Bills and Groups—Through “batch bills,” invoicing, fee statements and custodian billing information is automated, and once completed supports the creation of “bill groups” that represent groupings of accounts based on households, portfolios or other logical arrangements. These bill groups contain specific settings, ranging from asset exclusions to discounts to fee allocation.

• Fee Archival and Retrieval—Permanently archives and allows a financial advisor to retrieve a billing model in addition to a bill, and provides them with the ability to adjust bills, compare previously executed bills to new models and execute a new bill copy, if necessary.

"The integration of Albridge Fee Billing into our enterprise data management and portfolio accounting technology allows advisors to manage their fee-based business without the constraints inherent in custody and clearing platforms," said Rob Gregov, vice president, Advisory Solutions, Albridge. "Now, our clients have an unparalleled level of flexibility in creating and managing complex fee billing models, resulting in an opportunity to gather assets that is limited only by the depth of their relationships with their clients.".

About Albridge Solutions
Albridge Solutions provides enterprise data management (EDM), Web-based portfolio accounting and performance reporting solutions to more than 140 financial institutions, more than 90,000 financial advisors and millions of investors representing more than $1 trillion in assets. 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.