News

VSR Financial Chooses StatementOne Portfolio Accounting Solution

Web-based consolidated performance reporting solution to aid in advisor recruitment and retention

May 23, 2003— Lawrenceville, NJ — StatementOne, the industry leader in enterprise financial data consolidation and performance reporting announced today that VSR Financial Services, Inc. (VSR) has signed an agreement to integrate StatementOne's consolidated portfolio accounting and performance reporting solution into VSR's technology infrastructure, serving their more than 200 registered representatives across the nation.

"Our reps have wanted this technology for a long time, and we're confident that they will not be disappointed. The savings in both time and resources will free them up for more productive, revenue-generating activities, and the consolidated data will enable them to provide better, more comprehensive advice," said VSR's Chatten Scruggs. He added, "Having StatementOne will also better enable our firm to attract and retain the highest caliber of independent registered representatives, and that translates into a higher probability of success for their clients."

"We're pleased that VSR has chosen to work with StatementOne. Our ability to provide accurate, consolidated transaction-level data on a daily basis will enable them to provide a more 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 VSR and their advisors can reduce overhead, and put more focus on growing their respective businesses," added Pacholski.

About VSR Financial...

Founded in 1985 and based in Overland Park, Kansas, VSR Financial is a full-service securities broker dealer, offering a wide variety of investment products and advice.

Through their network of more than 200 representatives, VSR represents over 80,000 client accounts throughout North America and has invested some $5 billion annually on their behalf. VSR Financial is a member of the NASD and the SIPC. More information can be found at their web site, www.vsrfinancial.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.