News

Albridge Solutions Data Consolidation and Wealth Management Technology Implemented by White Oaks Wealth Advisors, Inc.

Lawrenceville, NJ — February 28, 2007 – Albridge Solutions, the industry leader in enterprise data management (EDM) and performance reporting, announced that its consolidated data and wealth reporting technology has been implemented by Minnesota-based White Oaks Wealth Advisors.

Albridge will consolidate data from National Advisors Trust Company and Charles Schwab on behalf of White Oaks Wealth Advisors and provide asset reporting across more than 700 client accounts, representing assets of more than $200 million. Through the Albridge Wealth Reporting Web-based portfolio accounting and performance reporting solution, financial advisors at White Oaks Wealth Advisors can immediately access critical client portfolio information, allowing them to produce a variety of performance, asset allocation, holdings, transaction and benchmarking reports, and deliver a single, consolidated statement for their clients’ accounts.

Access to a single view of their clients’ assets provides financial advisors at White Oaks Wealth Advisors with the knowledge they need to develop successful financial plans for high-net-worth investors. Research conducted by Phoenix Marketing International shows that financial advisors demonstrating an in-depth knowledge of their clients are better equipped to build stronger, more loyal client relationships. In a survey of more than 1,100 affluent households, the market research firm found that the level of knowledge of the advisor and quality of the advice provided, as well as the honesty and dependability displayed by the advisor, were the top drivers of client loyalty.

“In today’s fast-moving investment environment, high-net-worth clients expect to have access to detailed reporting on their assets as a matter of course,” said Sharon Bloodworth, vice president, White Oaks Wealth Advisors. “Implementing Albridge Wealth Reporting will enable us to exceed our clients’ expectations and deliver an unmatched level of service and financial advice.”

“Albridge is committed to supporting the efforts of firms like White Oaks Wealth Advisors to deliver superior wealth management services based on a more comprehensive understanding of their clients’ assets,” said Rob Gregov, vice president, Albridge. “Delivering on this commitment begins—and ends—with access to wealth management technology solutions that provide one consolidated performance report that encompasses all of a client’s assets and accounts, helping them to more fully understand their assets and measure the success of their financial plan.”

About White Oaks Wealth Advisors, Inc.
White Oaks Wealth Advisors, Inc. is a private, fee-only wealth management firm based in Minneapolis that specializes in simplifying the complexities of wealth for upper net worth individuals. The firm offers an advisory team with decades of experience in areas such as retirement planning, investment advice and management, estate planning, tax planning, stock option exercise, qualified plan distribution planning, and many other issues that individuals face in meeting and achieving their financial security goals. White Oaks Wealth Advisors, Inc. has been honored by having team members listed on the “Top 250 Financial Advisors” by Worth Magazine, “Top Wealth Managers” by Wealth Manager magazine, and “100 Top Advisors” by Mutual Funds Magazine.

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.