News

World Equity Group Selects StatementOne To Boost Their Advisors' Revenue And Reduce Administrative Costs

Web-based portfolio accounting solution will reduce workload and help provide superior client service

December 22, 2003 - Lawrenceville, NJ - StatementOne, the industry leader in enterprise financial data consolidation and performance reporting, announced today that World Equity Group, Inc. will provide StatementOne's solution to their 60 representatives.

"We selected StatementOne to accomplish several important things: to determine how and where our assets are held, to provide a superior and often-requested technology tool for our advisors, and provide a service that will help us recruit new advisors. This solution will allow our advisors to be less involved with day-to-day data management issues and allow them to focus on growing their business. It's a proven way to boost our advisors top-line revenue, while at the same time reducing their administrative costs," said Richard Babjak, Partner at World Equity Group, Inc.

"Forward-thinking institutions such as World Equity Group realize StatementOne's value, and see enormous potential through partnering with us. We are dedicated to helping them get the most out of our consolidation, aggregation and reporting tools," said Greg Pacholski, President and CEO of StatementOne. He added, "We are very excited because our commitment to World Equity Group, Inc. includes building a new interface to their clearing firm, RBC Dain Correspondent Services."

About World Equity Group, Inc.

World Equity Group, Inc. is a full service, independent brokerage firm with corporate headquarters in Arlington Heights, Illinois. World Equity Group, Inc. provides service to independent representatives, including trading and operations, product and market research, marketing, compliance and advisory services. They are a member of the National Association of Securities Dealers (NASD) and Securities Investors Protection Corporation (SIPC). Additional information can be found on their Web site at http://www.worldequitygroup.com.

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.