News

StatementOne Adds Web Services Platform

Ground-breaking service allows advisors to seamlessly integrate StatementOne data with their critical application

August 12, 2003 - Lawrenceville, NJ - StatementOne, the industry leader in enterprise financial data consolidation and performance reporting announced today a Web Services platform for their clients. Initial Web Services partners include Morningstar, Inc., a global investment research firm, EISI, developer of NaviPlan, financial planning software and Pacific Select Distributors, Inc., the underwriter and distributor of Pacific Life's variable products and Pacific Funds' mutual funds.

StatementOne's Web Services platform provides a seamless and secure way to pass valuable consolidated client, account and holding information from the StatementOne database to other critical applications in an advisor's practice. Web Services will allow StatementOne to network with software firms that deliver solutions focused on the financial advisory process such as: CRM, Financial Planning, Research and Analytics, Estate Planning, Needs Analysis and Tax Planning. Several other software vendors are committed to build to StatementOne's Web Services platform. Advisors who use Web Services will be able to efficiently integrate their StatementOne data into their current software packages. In addition, broker-dealers will utilize the platform for deeper integration of StatementOne data with their own enterprise applications.

"Web Services is a groundbreaking platform that will allow our broker-dealer clients and their advisors to further leverage their StatementOne consolidated data," said Jakob Rohn, senior vice president of product development at StatementOne. "Web Services realizes the long sought "holy grail" of efficient integration of best-of-breed advisor systems. Advisors can now choose the software that works best for their practice, while at the same time leveraging one single point of data storage," added Rohn.

Morningstar's Geoff Balzano explained, "The direct interface between Morningstar Advisor Workstation and StatementOne will significantly reduce the considerable time advisors spend integrating similar software systems."

Denis Martineau, of NaviPlan said, "Getting consolidated data from StatementOne will automate the data input function, which dramatically reduces the time it takes to create a financial plan and the chance of data entry errors."

Pacific Select Distributors is utilizing the StatementOne system to drive their own Web Services initiative. "Web Services has played a vital role in our integration of StatementOne data with Morningstar's Advisor Workstation, PIE Technologies' MoneyGuidePro, and ultimately EISI's NaviPlan, a client management solution and other best-of-breed applications. This technology is already eliminating countless hours of data entry for our advisors and is a subset of our broader data integration strategy for advisor technology initiatives," said Michael Graham, director of financial advisor technology at Pacific Select Distributors, Inc.

About Morningstar, Inc.

Morningstar, Inc. is a global investment research firm, offering an extensive line of print, software, and Internet-based products and services for individuals, financial advisors, institutions, and the media. The company is a trusted source for investment information, data, and analysis of stocks, mutual funds, separate accounts, exchange-traded funds, 529 plans, closed-end funds, and variable annuity/life products. Morningstar® Advisor WorkstationSM provided by Morningstar Associates, LLC, a registered investment advisor and a wholly owned subsidiary of Morningstar, Inc.

About EISI

Founded in 1990, EISI is highly regarded as the leading financial planning software developer in North America. NaviPlan's fully integrated modules include estate planning strategies, incomes, expenses, assets and liabilities, stock options, and federal and state taxes in fully customizable, professional reports. Continuous reinvestments in product development, along with EISI's extensive experience in large-scale deployments, make NaviPlan the best solution for more than 40,000 licensed users and dozens of large financial institutions, including AXA Advisors, Fidelity, JP Morgan Chase, LPL Financial Services, MetLife Securities, and Waddell & Reed. For more information about EISI and NaviPlan visit their Web site: http://www.eisi.com.

About Pacific Select Distributors, Inc.

Pacific Select Distributors, Inc. (member NASD and SIPC), a wholly-owned subsidiary of Pacific Life Insurance Company, is the underwriter and distributor of Pacific Life's variable products and Pacific Funds' mutual funds, and is the parent company for Associated Financial Group, Mutual Service Corporation, United Planners' Financial Services of America, Waterstone Financial Group, and is affiliated with M.L. Stern & Co., LLC.

About StatementOne

Founded in 1993, StatementOne provides technology solutions to the retail wealth management market. For financial institutions, they consolidate enterprise investment account data in a scalable and accurate way, to power best-of-breed applications used for business planning, analytics, product development, compliance, and CRM. For financial advisors and their clients, they deliver a powerful, yet easy-to-use Web-based portfolio accounting and performance reporting solution that enables advisors to provide better and timelier advice. This helps advisors boost top-line revenue while reducing administrative costs, and increases the probability of financial success for both them and their clients.

StatementOne currently manages account data for more than 50 financial institution clients, representing over three hundred billion dollars in assets, tens of thousands of financial advisors, and millions of investors and individual accounts. Their current clients include independent broker/dealers, banks, credit unions and other financial institutions.

For more information contact StatementOne at marketing@statementone.com.