News

Geneos Wealth Management Selects StatementOne Enterprise Portfolio Accounting and Performance Reporting Solution

Web-based consolidated portfolio accounting solution to aid in building-out new advisory firm

April 23, 2003— Lawrenceville, NJ — StatementOne, the industry leader in enterprise financial data consolidation and performance reporting, announced today that Geneos Wealth Management will integrate StatementOne's consolidated portfolio accounting and performance reporting solution into Geneos' technology infrastructure.

"Partnering with StatementOne has been essential to meeting our immediate goal of providing the most capable, flexible and accurate back office technology available today," said Russ Diachok, Geneos' president and CEO. He added, "Not only are we providing a solution that will help us recruit and retain top-quality advisors, but we'll also be enabling those advisors to become more focused on client service and advice, spending far less time on routine data-management issues. Of course, the real winners will be our clients, who will benefit from better and more timely advice. And when our clients win, we all win."

"We're pleased to be able to provide Geneos with the benefits of the StatementOne technology platform. Their advisors can now make better use of their time on revenue producing activities, rather than on the time-consuming tasks of downloading and managing client data," said Greg Pacholski, president and COO of StatementOne. He added, "By taking advantage of the most advanced performance reporting and portfolio consolidation technology available today, both Geneos and their advisors will be in a better position to grow and manage their businesses."

About Geneos Wealth Management...

Geneos Wealth Management, based in Denver, Colorado, is a nationwide securities broker/dealer and investment advisory that, through a cadre of top-flight registered representatives, provides financial and estate-planning services, on both a commission and fee basis, to an elite, high-income and high-net-worth clientele. The firm is currently recruiting a network of financial planners and investment advisors and establishing Offices of Supervisory Jurisdiction (OSJ) headed by individuals with five to twenty years of experience in financial and estate planning. Geneos will accomplish this goal by engaging representatives and staffing the home office with personnel who sincerely desire to be a part of an organization that strives to share its success with every stakeholder - whether employee, representative, strategic partner, client or investor. You can learn more by visiting them at http://www.geneoswealth.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 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.