News

NFP Securities, Inc. Selects StatementOne for Enterprise Consolidated Portfolio Accounting

Consolidated data to aid in recruitment, retention, and productivity of a high net worth financial advice organization

February 3, 2003 — LAWRENCEVILLE, NJ — StatementOne, the industry leader in enterprise financial data consolidation and performance reporting announced today that NFP Securities, Inc. (“NFPSI”), a wholly-owned subsidiary of National Financial Partners Corp. (“NFP”), has signed an agreement to integrate StatementOne’s consolidated portfolio accounting and performance reporting solution into their technology infrastructure.

Founded in 1999, NFP is building the nation's premier independent financial services distribution company serving high net worth individuals and successful corporations. “National Financial Partners is committed to providing its firms with the tools and resources they need to grow their businesses, including access to leading edge technology,” said Jessica Bibliowicz, NFP's president and CEO. “With access to StatementOne’s consolidated portfolio accounting solution, we are providing a valuable resource that will facilitate growth for our existing firms.”

In just a few years, NFPSI has become one of the industry’s leading independent full-service broker dealers, ranking among the largest Independent Broker Dealers as surveyed by InvestmentNews. According to Financial Planning magazine’s 2002 Independent Broker-Dealer Survey, NFPSI is among the fastest growing large broker-dealers in the United States. NFPSI is based in Austin, Texas.

“We're happy to have been selected by NFP,” said Greg Pacholski, StatementOne's president and chief operating officer. He added, “We pride ourselves on being the leading provider in this space, capable of delivering a true consolidated portfolio accounting system via the Web. The added value we provide through our specialized collection and normalization process enables financial institutions to drill down deeply into their investor client base so they can provide a much more customer-centric experience. The ability to focus on customers in this way can help drive top-line revenue, while reducing administrative costs. It’s a win-win situation all around.”

“This solution will complement the many tools and services offered to our high net worth advisory firms,” says Jeff Montgomery, president and CEO of NFPSI. Brian Propes, chief operating officer of NFPSI added, “We will continue to challenge ourselves to deliver business-oriented technology solutions and work with our advisory firms to integrate these types of tools into their practices. This will result in increased revenues, improved levels of client service, and significant practice management efficiencies.”

About National Financial Partners Corp...

NFP is building one of the nation’s premier independent financial services distribution companies serving high net worth individuals and successful corporations. NFP has completed the acquisition of more than 120 firms owned by entrepreneurs who recognize that size and scale will be important to the future of their businesses. NFP, headquartered in New York, is led by an experienced management team that continues to execute the company’s long-term growth and acquisition strategy aimed at combining the benefits of entrepreneurial independence with the resources of a national organization. For more information, please visit the company’s web site at www.nfp.com.

About NFP Securities, Inc...

NFP Securities, Inc. “(NFPSI”) is a Broker/Dealer and RIA exclusive to NFP’s acquired firms and firms affiliated with NFP’s marketing organization. NFPSI serves approximately 300 firms and over 700 producing representatives. In addition to having selling agreements with over 100 mutual fund families and more than 50 leading insurance and annuity companies, NFPSI also offers a number of products available only to its registered representatives including a diverse set of alternative investment offerings. As an RIA, NFPSI offers a full spectrum of fee-based money managers with turnkey asset allocation programs, highlighted by NFP ADVISOR, a comprehensive investment consulting platform powered by EnvestnetPMC. This platform delivers access to a wealth of separate account managers via a technologically advanced, Web-enabled model including tailored, firm-level branding capabilities for the professional advisor.

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 49 financial institution clients, representing nearly 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.