News

Albridge Solutions and American Portfolios Partner to Provide Clients with Complete Financial Planning Solution

Deploys Data Aggregation Solution to Manage Client's Domiciled and Held-Away Assets

October 12, 2004 - Lawrenceville, NJ - Albridge Solutions (formerly StatementOne), the industry leader in enterprise financial data consolidation and performance reporting announced today that they will provide American Portfolios Financial Services with data aggregation services for accessing information on client's held-away assets.

Albridge Data Aggregation, powered by CashEdge, will bring American Portfolio'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.

Said Lon Dolber, American Portfolio's Chief Executive Officer, "The modern financial advisor has become a relationship manager who is in business to provide his clients with the highest quality financial advice. In order to do this, we believe he must have access to the clients' entire financial portfolio to fully understand and design the most appropriate financial plan. It's important that we be able to see all of our client's assets, even the one's we do not manage directly. You can't manage what you can't see."

Dolber explained: "We have been very pleased with our technology platform from Albridge Solutions, and were looking for a way to access our client's held away assets. Our decision to use the Albridge Data Aggregation solution is part of our long term corporate strategy to provide our financial advisors and clients with the best solutions that the industry has to offer."

"Providing data aggregation is aligned with our strategy to expand the breadth of data that we can consolidate and report. It is critical to our vision of providing a central data repository that feeds enterprise and advisor applications." said Greg Pacholski, Albridge's president and CEO.

About Albridge Solutions (formerly StatementOne)

Founded in 1993, Albridge Solutions consolidates enterprise investment account data, delivering a proven Web-based portfolio accounting and performance reporting solution to financial institutions. Albridge Solutions' Web Services platform allows a secure way to pass valuable consolidated information from the Albridge database to other critical applications in a representative's practice such as business planning, analytic, compliance, and CRM applications. Albridge Solutions currently manages account data for more than 80 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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