News

WRP Investments Joins StatementOne Client List...

April 17, 2002

LAWRENCEVILLE, NJ — StatementOne, the industry leader in enterprise data consolidation and web-based portfolio accounting/performance measurement announced today that WRP Investments has signed an agreement to integrate StatementOne's application into their technology infrastructure.

Based in Youngstown, Ohio, WRP Investments built their business with the customer's interests first by focusing a great deal of its time on the compliance side of the business. "Our first job is to protect the customer, make sure that investments are suitable, and that all material facts are fully explained to our customers", said David M. Pintaric, WRP's vice president. He added, "StatementOne's consolidated reporting platform is a critical piece of our infrastructure, and will enable us to maintain our compliance focus as well as giving us an advantage in recruiting advisors who put their customers' interest first. We looked at other data consolidation providers and, by far, StatementOne was the only one with the ability to deliver clean, accurate data."

"We're very pleased to be working with WRP Investments," said Greg Pacholski, StatementOne's president and chief operating officer. He added, "StatementOne's enterprise consolidation solution provides financial institutions with an enterprise compliance platform. Our portfolio accounting/performance measurement application provides the basis for an advisor's wealth management solution, enabling them to better serve the affluent and mass-affluent markets."

About StatementOne...

StatementOne consolidates data for financial institutions and other enterprises, collecting transaction-level data sets from both legacy systems and external custodians, utilizing direct data feeds. They currently manage account data for nearly a hundred billion dollars in assets, representing tens of thousands of financial advisors and millions of investors and individual accounts. They provide a secure, web-based, turnkey service which delivers securities account aggregation, consolidated statements and performance reporting to branch managers, registered representatives and their clients (investors). Their proprietary software cleans, organizes and reconciles the data, producing a consolidated, unified data structure, with virtually no manual intervention. This scalable database is also used to feed critical, best-of-breed applications for use in business planning, analytics and CRM. Their clients include broker dealers in the ING Advisors Network, the SunAmerica network, ING Aetna Financial Services, Cambridge Investment Research, Capital Analysts and CalFed Bank.

For more information contact StatementOne at marketing@statementone.com.