News

Albridge Delivers Enterprise Data Management and Wealth Reporting Solution to Hornor, Townsend & Kent, Inc.

Lawrenceville, NJ — March 28, 2007 - Albridge Solutions Inc., a provider of enterprise data management (EDM), Web-based portfolio accounting and performance reporting solutions, announced that its EDM and wealth reporting technology has been selected by Hornor, Townsend & Kent, Inc., a wholly owned broker dealer subsidiary of The Penn Mutual Life Insurance Company (Penn Mutual). In implementing the Albridge Wealth Reporting technology solution, Hornor, Townsend & Kent (HTK) will provide its registered representatives with the ability to generate consolidated client statements and detailed reporting on their clients' assets.

Included among the information initially targeted for consolidated reporting are Penn Mutual products, as well as other products where Hornor, Townsend & Kent serves as the broker-dealer of record (e.g., mutual funds and other direct business, as well as brokerage and advisory accounts). Access to the Albridge Wealth Reporting portfolio accounting solution positions HTK's registered representatives to meet a key need among high-net-worth investors, as highlighted in the most recent Capgemini World Wealth Report—one consolidated performance report that includes all of their assets and accounts.

"Research from Phoenix Marketing International shows that investors view the level of knowledge and dependability of their financial professional or advisor as the top drivers of client loyalty," said Rob Lazarus, senior vice president, chief operating officer/chief compliance officer, Hornor, Townsend & Kent, Inc. "Albridge Wealth Reporting is a powerful tool that provides our registered representatives with the ability to access and report a consolidated view of their clients' assets, enabling them to take a significant step toward establishing and further strengthening client loyalty."

"Financial services firms like Hornor, Townsend & Kent that implement EDM and portfolio accounting solutions are setting the foundation for delivering true wealth management services to their clients," said Jake Rohn, executive vice president, Albridge Solutions. "We look forward to supporting HTK's network of registered representatives and powering their efforts to deliver financial planning and advice that is based on a more comprehensive view of their clients' assets."

About Hornor, Townsend & Kent, Inc.
Hornor, Townsend & Kent, Inc. (HTK) is a wholly owned broker/dealer subsidiary of the Penn Mutual Life Insurance Company. With over 900 registered representatives, HTK offers its producers access to a full range of registered investment products and services, including mutual funds, stocks, bonds, variable life insurance products, annuities and advisory accounts.

About Albridge Solutions
Albridge Solutions provides enterprise data management (EDM), Web-based portfolio accounting and performance reporting solutions to 150 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.