News

KMS Teams with StatementOne for Consolidated Portfolio Accounting and Performance Reporting

October 23, 2002

LAWRENCEVILLE, NJ — StatementOne, the industry leader in enterprise data consolidation and web-based portfolio accounting/performance measurement announced today that KMS Financial Services, Inc. will implement StatementOne's online consolidation platform for the firm's 225 independent representatives and their clients.

KMS is an independent broker-dealer and advisory firm based in Seattle, Washington. According to KMS CEO Mark Hamby, “The StatementOne initiative furthers our strategy of focusing on selective technology enhancements while retaining the flexibility and responsiveness of a small firm,” Hamby added, “Efficient, consolidated and accurate reporting has represented a significant challenge for independent firms, and we're really looking forward to implementing the StatementOne solution.”

“A hosted solution such as ours enables a financial institution to get up and running quickly and cost-effectively,” said Greg Pacholski, StatementOne's president and chief operating officer. He added, “Perhaps more importantly, it enables the FI to maintain a leading edge in technology without the burdens of traditional desktop software solutions, which don’t really address the needs of an enterprise and are also cumbersome to maintain and to upgrade. So, the financial institution can concentrate on building their business rather than on maintaining software.”

About KMS Financial...

KMS Financial Services began in 1971 as a spin-off of the Frank Russell Company of Tacoma, Washington. The firm has been wholly independent and privately owned by management since 1973, and headquartered in Seattle since 1976. KMS provides securities, insurance, and investment advisory services through more than 225 financial professionals across eight western states. For more information, contact Mark Hamby, KMS president & CEO, (206) 441-2885, ext. 202.

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 43 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.