News

StatementOne and American Portfolios Sign Long Term Technology Partnership

American Portfolios Implementing StatementOne Web Services Solution

January 21, 2004 - Lawrenceville, NJ - StatementOne, the industry leader in enterprise financial data consolidation and performance reporting announced today that they have entered into a long-term partnership with American Portfolios Financial Services.

American Portfolios Financial Services selected StatementOne to power its technology platform in mid-2001. "Having timely access to transactional data and performance helps our representatives make the most of their time, and provide a higher level of service and responsiveness to their investor clients," said Lon Dolber, American Portfolio's Chief Executive Officer.

Since then, American Portfolios has had a solid relationship with StatementOne and StatementOne has provided a highly scalable and effective technology platform to support the operations of American Portfolios Financial Services. With this experience, Dolber looked to solidify the foundation of his company in a cost effective, predictable manner.

Dolber explained, "We have been exceptionally pleased with StatementOne over the past years, and have chosen to enter into a long-term commitment with StatementOne to continue to power our technology solution. We are committed to providing the best technology solutions for our advisors, and StatementOne's scalable architecture, outsourced solution and commitment to continually enhance their solution has allowed us to rapidly attract advisors to our business. Our long-term contract with StatementOne allows us to establish a highly competitive and stable technology expense level to run and grow our business."

Dolber added, "The relationship with StatementOne helps to solidify our commitment to meeting our clients' goals in the 21st century, while at the same time helping us meet our compliance and regulatory requirements. Having timely access to transactional data and performance reporting will help our representatives make the most of their time, and provide a higher level of service and responsiveness to our investor clients."

Dolber said that deciding to integrate StatementOne Web Services into his business was an easy decision. "By having the aggregated data pushed directly into our advisors 'virtual office' using Morningstar Advisor Workstation, NaviPlan and Act for Advisors, we can spend less time gathering and entering account data and more time analyzing and developing solutions for our clients. This has enabled us to realize the true value of delivering comprehensive financial planning in an automated, efficient manner."

"We're very pleased to enter into a long term partnership with American Portfolios, and look forward to working with them for many years. This highlights our value and long-term commitment to our client's success," said Greg Pacholski, StatementOne's president and CEO.

About StatementOne

Founded in 1993, StatementOne consolidates enterprise investment account data, delivering a powerful, easy-to-use Web-based portfolio accounting and performance reporting solution to financial institutions. StatementOne's Web Services platform allows a seamless secure way to pass valuable consolidated information from the StatementOne database to other critical applications in an advisor's practice such as business planning, analytic, product development and CRM applications. StatementOne currently manages account data for more than 65 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, registered investment advisors, banks, credit unions and insurance companies. For more information, contact Stuart Tarmy at 609-806-0227.