News

Securities Service Network Chooses StatementOne for Enterprise Data Consolidation

Web-based Portfolio Accounting Solution Will Aid In Advisor Recruitment and Retention

May 5, 2004 - Lawrenceville, NJ - StatementOne, the industry leader in enterprise financial data consolidation and performance reporting, announced today that Securities Service Network has signed an agreement to integrate StatementOne's consolidated portfolio accounting and performance reporting solution into their technology infrastructure.

Securities Service Network, Inc. (SSN) is a full service, independent broker dealer headquartered in Knoxville, Tennessee. SSN provides its OSJs and Registered Reps with some of the most competitive and innovative programs available in the industry; a solid structure to help advisors retain and grow their assets. SSN believes in giving clients flexibility and choices when it comes to establishing a relationship with their financial advisor, and supports their advisors with state-of-the-art technology and marketing.

"At Securities Service Network we are constantly striving to understand the goals and values of our investment advisor partners in the field. The technological road map that we follow and update each year offers timely Web-based solutions that will not just meet but surpass their individual needs," said SSN's Executive Vice President Mike Neubeck.

Neubeck added, "StatementOne not only offers an outstanding practice management tool, but also streamlines data management and compliance risk issues at the advisor level enabling them to consistently deliver on client expectations and substantiate the value of their services."

"We believe that StatementOne was a logical fit for SSN due to the fact that the advisors are licensed with the broker dealer as well as acting as Independent RIAs," said StatementOne President Greg Pacholski. He added, "By having StatementOne in place, SSN is able to provide their advisors with a platform which consolidates both their broker dealer data along with those accounts associated with an outside custodianship for their RIA business."

About Securities Service Network

Securities Service Network, Inc., an independent financial services firm, offering diversified and comprehensive quality products and services for over twenty years. Headquartered in Knoxville, Tennessee, Securities Service Network was designed to meet the needs of the Independent Securities Professional and the Registered Investment Advisor. For more information visit their Web site at www.ssnetwork.com or contact Mike Neubeck at 800-264-5499.

About StatementOne

Founded in 1993, StatementOne consolidates enterprise investment account data, delivering a proven Web-based portfolio accounting and performance reporting solution to financial institutions. StatementOne's Web Services platform allows a secure way to pass valuable consolidated information from the StatementOne database to other critical applications in an representative's practice such as business planning, analytic, product development, and CRM applications. StatementOne currently manages account data for more than 70 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. For more information, contact Stuart Tarmy at 609-806-0227.