News

Pacific Select Distributors Chooses StatementOne for Enterprise Portfolio Accounting and Performance Reporting

Integrated Consolidation Solution to aid in Advisor Recruitment and Retention

October 15, 2002

LAWRENCEVILLE, NJ — StatementOne today announced that it has been selected by Pacific Select Distributors, a subsidiary of Pacific Life Insurance Company to provide web-based portfolio accounting and performance reporting for financial professionals. The StatementOne application will be implemented within the following Pacific Select Distributors’ broker-dealer systems: Mutual Service Corp., United Planners’ Financial Services of America, and Associated Securities Corp.

“StatementOne represents the initial announcement in our strategic initiative to deliver an integrated suite of best-of-breed solutions, complementing our Broker/Dealers’ efforts to recruit and retain high-end advisors,” said John Dixon, president for Pacific Select Distributors. “StatementOne’s ability to consolidate data and deliver an easy-to-use, web-based application will provide our financial professionals with service-driven technology tools to better serve their investor clients,” said Michael Graham, senior program manager for Pacific Select Distributors.

“Pacific Select Distributors’ integration of our technology within their own infrastructure underscores both the value of the transaction-level data and, more importantly, the added value we provide through our specialized collection and normalization process,” said Greg Pacholski, StatementOne’s president and chief operating officer. He added, “The StatementOne consolidation solution offers a proven way in which financial institutions can help boost their top-line revenue, while at the same time reducing administrative costs. We’re very pleased to have been selected by Pacific Select Distributors for this exciting new venture.”

About Pacific Select Distributors...

Pacific Select Distributors, Inc., (member NASD & SIPC) is a subsidiary of Pacific Life Insurance Company and is the parent company of Mutual Service Corp., United Planners’ Financial Services of America, and Associated Securities Corp.

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.