News

Albridge Solutions Chosen By Blue Vase Securities For Data Consolidation And Enhanced Reporting

Broker Dealer Empowers Advisors and Banks With Competitive Advantages Through Advanced Technology

December 2, 2004 - Lawrenceville, NJ - Albridge Solutions, the industry leader in enterprise financial data consolidation and performance reporting, announced today that Blue Vase Securities, LLC of Washington, PA, has selected Albridge Solutions, formerly Statement One, to implement its technology on Blue Vase's reporting platform and provide the company's affiliated advisors and banks with state-of-the-art data access, management and delivery. Albridge will help combine "rep of record" investment data with accounts where a client custodies with third-parties. Blue Vase has also contracted to provide its financial advisors with Albridge Data Aggregation, which will allow its advisors to bring their client's held-away assets into the Albridge Wealth Reporting solution. In addition, advisors will have access to Albridge's online training sessions and Service Center support.

"Blue Vase Securities is committed to providing our advisors with the best technology, tools and support available to better serve our investors," said Tim Gerwing, Director of Operations at Blue Vase. "By integrating Albridge's data consolidation into our system, our advisors are equipped with an exceptional method of delivering comprehensive reports accurately and quickly. And, by offering Albridge's training and support services, technical issues can be resolved faster-leaving advisors more time to focus on the client and not software."

Since announcing its first enterprise financial institution client four years ago, Albridge has become a leader in providing enterprise data consolidation and Web-based portfolio accounting/performance reporting solutions to the financial services industry and counts more than 85 institution-level clients and tens of thousands of advisors as users. Albridge's Wealth Reporting provides financial institutions, their advisors, and their permissioned clients with immediate, on-demand access to the transaction-level data that's critical to successful wealth management.

Albridge clients are provided with a hierarchical view which provides users at all levels the ability to securely view, analyze and report on their respective clients and/or account information. Advisors can create meaningful online portfolios or households of any combination of clients or accounts and can generate in-depth reports to use in their practices. Users are also empowered with the ability to automate the preparation of regularly reoccurring statements and reports and automate e mailing them to clients, saving time and manual labor. This effectively streamlines business operations, enabling increased productivity and allowing more time to gather (and retain) assets.

Albridge Data Aggregation, powered by CashEdge, will bring Blue Vase's clients held-away asset information into the Albridge Wealth Reporting solution. Albridge Data Aggregation has been designed to deliver a seamless, tightly integrated data consolidation and reporting experience. Typical held-away asset information includes self-directed brokerage accounts, away asset management accounts, trust accounts, pension plans, 401k's and IRA's.

Blue Vase Securities, ranked as Pittsburgh's 17th fastest growing company for 2004 by the Pittsburgh Business Times, had previously been using another software application that failed to answer the growth of Blue Vase and its expanding needs. In addition to lack of scalability, the absence of strong technical support and upgrades as well as the need for quicker access, organization and delivery of data propelled Blue Vase to seek an alternative.

"Albridge has grown quickly in its user base and in distinction as providing a reliable, scalable, user-friendly system for in-depth reporting," said Greg Pacholski, CEO and President of Albridge. "We are pleased that a quickly growing firm such as Blue Vase has chosen to invest in us to help them continue their success and growth. We are witnessing a trend within the industry and among our clients to provide the investment advisory community with a holistic reporting platform for everything that the investor owns. We are confident that Albridge offers an ahead-of-the curve competitive advantage for our clients and will receive a significant ROI for their investment."

About Blue Vase Securities, LLC

Located near Pittsburgh, PA, Blue Vase Securities, LLC supports financial and insurance advisors who meet the planning, insurance, advisory, and brokerage needs of thousands of clients all over the country. Blue Vase Securities, LLC works with independent advisors, banks, and credit unions to provide exceptional service, top-quality technology, and competitive compensation rates. For more information, please visit www.bluevasebd.com.

About Albridge Solutions (formerly Statement One)

Albridge Solutions consolidates investment account data from over one thousand product families. The data is used by the enterprise for multiple purposes, including: 1) Albridge Wealth Reporting for Web-based portfolio accounting and performance reporting, 2) a Web Services platform that securely passes consolidated information to other applications such as analytic, financial planning and CRM applications, and 3) a data warehouse that is used to power internal enterprise applications such as commissions and compliance. Albridge Solutions currently manages account data for more than 85 financial institutions, representing over $500 billion in assets, tens of thousands of financial advisors, and millions of investors. Their current clients include independent broker-dealers, banks and insurance companies.

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