News

Crown Capital Securities Selects StatementOne For Consolidated Portfolio Accounting

Web-based consolidated portfolio accounting and performance reporting solution to support advisor recruitment and retention

June 12, 2003— Lawrenceville, NJ — StatementOne, the industry leader in enterprise financial data consolidation and performance reporting, announced today that Crown Capital Securities, L.P. will integrate StatementOne's consolidated portfolio accounting and performance reporting solution into their technology infrastructure, serving their 200 reps nationwide.

StatementOne's consolidated portfolio accounting solution automatically gathers broker-dealer-level transaction and position data through a variety of product companies, custodians, clearing sources and legacy systems. It then cleanses, normalizes, consolidates and warehouses the data, delivering it back to the broker dealer and their reps through a robust, web-based interface. By combining portfolio and benchmark monitoring with dynamic performance measurement tools, StatementOne enables faster, more informed decision-making by advisors, for better and more timely advice.

Crown Capital, based in Orange, CA, is an independent broker-dealer serving independent investment professionals nationwide. "Having access to StatementOne's solution will enable Crown to continue to recruit and retain the highest caliber of advisors," said Darol K. Paulsen, president of Crown Capital. He added, "More importantly, it will give them the technology and tools they need to enhance productivity, while providing a higher level of service and advice to their clients."

"We're pleased that Crown Capital has joined our client list," said Greg Pacholski, StatementOne's president and COO. He added, "The markets are more challenging than ever before. Investment advisors need the tools to be able to quickly and authoritatively evaluate portfolio performance, asset allocation and benchmarks that are specific to each particular client. With StatementOne at their fingertips, Crown's registered representatives and advisors have access to the most advanced performance reporting and portfolio consolidation technology available today."

About Crown Capital Securities, L.P.

Based in Orange, CA, Crown Capital Securities, L.P. is a full-service broker-dealer serving independent investment professionals nationwide. Serving over two hundred independent representatives across the United States, Crown Capital is 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 www.crowncapitalsecurities.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.