News

Investment Advisors and Consultants Chooses StatementOne Portfolio Accounting Solution

Web-based consolidated performance reporting solution to be augmented with imported historical data for enhanced performance reporting

May 23, 2003— Lawrenceville, NJ — StatementOne, the industry leader in enterprise financial data consolidation and performance reporting announced today that Investment Advisors and Consultants (IAC) has signed an agreement to integrate StatementOne's consolidated portfolio accounting and performance reporting solution into IAC's technology infrastructure, serving their 175 advisors.

"The StatementOne solution provides enhanced reporting capabilities, so that our advisors can spend less time on routine data-management, and more on revenue-producing client service and advice," said IAC President Joe Parsons, adding, "This, of course, is extremely valuable to us for recruitment and retention of top-quality advisors." He went on to say, "In addition, StatementOne's TransPro utility will enable our advisors to import historical data from their desktop portfolio accounting applications into a state-of-the-art web-based portfolio accounting solution. This will provide much richer performance and cost basis reporting, leveraging their investment in years of accumulated data."

"We're pleased that IAC has selected the StatementOne technology platform. Our ability to make use of the historical data captured in their current desktop applications will enable them to provide a comprehensive view of their investors' holdings, for better service and advice to their clients," said Greg Pacholski, president and COO of StatementOne. "By taking full advantage of our advanced performance reporting and portfolio consolidation technology, both IAC and their advisors can reduce overhead, and put more focus on growing their respective businesses," added Pacholski.

About Investment Advisors & Consultants...

Investment Advisors & Consultants, based in Ocean, NJ, is a full-service broker dealer, offering a wide variety of investment products and advice. Investment Advisors & Consultants is a member of the NASD and the SPIC. More information can be found at their web site, http://www.investiac.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.