News

StatementOne Provides Performance Measurement For AM&M

Data-conversion gives advisors immediate access to valuable historical account and client data

October 28, 2003 - Lawrenceville, NJ - StatementOne, the industry leader in enterprise financial data consolidation and performance reporting, announced today that AM&M Investment Brokers, Inc. has enlisted StatementOne's data consolidation and performance measurement capabilities to help their advisors and RIAs plot towards their clients' goals.

After a lengthy selection process, StatementOne was chosen by AM&M to be their primary vendor for portfolio accounting and performance reporting. According to AM&M's President, Stephen Wershing, CFP, "We tried other solutions for data conversion but none were as successful as StatementOne. As the premier outsourcing solution for financial planners, we anticipate StatementOne's data and performance measurement will play a critical role in supporting all the independent practitioners who rely on us for their back office functionality."

"StatementOne gives AM&M's advisors and RIAs a holistic view of all their clients' financial positions and this will provide significant enhancements to their wealth planning process," said Greg Pacholski, president and chief executive officer of StatementOne. "AM&M advisors will benefit from both our advanced performance reporting and portfolio consolidation technology by enabling faster, more informed decision-making, for better and more timely advice," Added Pacholski.

About AM&M Investment Brokers, Inc.

Founded in 1985, AM&M is a leading outsourcing solution for financial planners and independent registered representatives. AM&M's back office support operations and broker/dealer are headquartered in Pittsford, New York (a suburb of Rochester). More information can be found on their Web site at www.ammbrokers.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, compliance and CRM applications.

StatementOne currently manages account data for more than 60 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, credit unions and insurance companies. For more information, contact Stuart Tarmy at 609-806-0227.