News

Prime Capital Services Chooses StatementOne Consolidated Portfolio Accounting Solution

Web-based consolidated portfolio accounting and performance reporting solution will aid in advisor recruitment and retention

June 2, 2003— Lawrenceville, NJ — StatementOne, the industry leader in enterprise financial data consolidation and performance reporting, announced today that Prime Capital Services will integrate StatementOne's consolidated portfolio accounting and performance reporting solution into their technology infrastructure, serving their 450 advisors nationwide.

Prime Capital is a Poughkeepsie, NY-based independent broker-dealer whose advisors serve thousands of clients across the country. "With StatementOne, we're very confident that we can provide the highest level of technology and service to our representatives," said Carole Enisman, chief operating officer for Prime Capital. She added, "This will enable Prime to continue to recruit and retain the highest caliber of advisors for clients. More importantly, it will give our advisors the technology and tools to provide better and more timely advice to their clients."

"We're proud to add Prime Capital to our client list," said Greg Pacholski, StatementOne's president and COO. He added, "StatementOne continues to be the leader in the development of fully integrated portfolio management and account aggregation systems. With StatementOne at their fingertips, Prime's registered representatives and advisors have access to the most advanced performance reporting and portfolio consolidation technology available today."

About Prime Capital

Based in Poughkeepsie, NY, Prime Capital has been providing financial planning and investment services to professionals, corporations, and associations since 1981. Specializing in fee based asset management, Prime Capital is a registered securities broker-dealer, and is member of both the NASD and the SIPC. Additional information on Prime Capital can be found on their web site at www.primefs.com. Prime Capital is a subsidiary of Gilman+Ciocia, an industry leader in tax preparation and financial planning. With over 50 offices in 7 states, Gilman+Ciocia provides federal, state and local tax preparation and financial planning services to individuals predominantly in the middle and upper income brackets.

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.

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