News

1717 Capital Management Joins StatementOne Client Roster

Web-based consolidated portfolio accounting to aid in advisor recruitment and retention and assist with SEC Books and Records compliance

July 9, 2003— Lawrenceville, NJ - StatementOne, the industry leader in enterprise financial data consolidation and performance reporting announced today that 1717 Capital Management (1717 CMC) has signed an agreement to integrate StatementOne's consolidated portfolio accounting and performance reporting solution into 1717 CMC's technology infrastructure, serving their 1200 advisors nationwide.

"StatementOne enables us to provide a superior and much-requested technology tool to our advisors, and in the process gives us a better understanding of how and where assets are held. Additionally, this will definitely help us recruit and retain top-quality advisors," said 1717 CMC's Lance Reihl. He added, "At the same time, the StatementOne solution will enable our advisors to become more focused on client service and advice, and spend less time on routine data-management issues. We also believe that having StatementOne will be very useful in augmenting our back office compliance efforts, including meeting the aggressive reporting requirements mandated by the SEC's new Books and Records regulations."

"We're pleased that 1717 CMC has selected the StatementOne technology platform. Their advisors can now spend more time on revenue-producing activities, rather than on labor-intensive management of client and transactional data," said Greg Pacholski, president and CEO of StatementOne. "By taking advantage of our advanced performance reporting and portfolio consolidation technology, both 1717 CMC and their advisors will save on both time and overhead, enabling more focus on growing their businesses," added Pacholski.

About 1717 Capital Management Company

1717 Capital Management Company, a subsidiary of Nationwide Provident, is a broker-dealer and registered investment advisor based in Wilmington, Delaware. With over 1200 advisors, 1717 CMC offers a competitive commission structure, and provides access to a full line of investment products including mutual funds, variable annuities, life insurance, and advisory services, including a proprietary "wrap" program. 1717 CMC has developed proprietary software that provides its representatives with access to account transaction, commission and investment information.

Based in Columbus, Ohio, Nationwide Financial Services, Inc. (NYSE: NFS) is the parent company of Nationwide Provident. Nationwide Financial, with assets of more than $97 billion1, is a leading provider of annuities, life insurance, retirement plans, and other financial services for individuals and institutional clients. The major operating subsidiary of NFS is Nationwide Life Insurance Company, the country's 11th-largest life insurer.2 The parent company, Nationwide, is a leading provider of diversified insurance and financial services and is ranked No. 111 on the Fortune 500 based on revenue. For more information visit http://www.nationwidefinancial.com.

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 more timely 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 one hundred fifty 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.

1 As March 31, 2003
2 A.M. Best, based on 9/30/02 assets