News

Capital Analysts Selects StatementOne for Enterprise Data Consolidation...

April 2, 2002

LAWRENCEVILLE, NJ — StatementOne, the industry leader in account consolidation and web-based portfolio accounting/performance measurement announced today that Capital Analysts Incorporated (CAI) has signed an agreement to integrate StatementOne's platform into their technology infrastructure. CAI, a subsidiary of Columbus Life Insurance Co., and Western & Southern Financial Group, will be using the StatementOne platform to replace their current Advent AXYS portfolio management system.

Based in Radnor, Pennsylvania, CAI provides a full range of financial planning services to individuals, businesses and institutions. Capital Analysts has no proprietary products, which allows their 450 Financial Advisors the ability to maintain their independence and objectivity. "StatementOne's web-based performance reporting application consolidates our extensive menu of non-proprietary products and services, further enabling our advisors' independence and objectivity," said Stephen T. Mayhew, CAI's senior vice president of investment research. He added, "StatementOne's platform provides us with cutting edge, yet user-friendly technology for our advisors and their clients."

StatementOne's proprietary software will collect, reconcile and warehouse all of CAI's transactional data on a daily basis. This data warehouse powers the web-based reporting application, and also provides CAI with a unified data set which can be utilized for enterprise analytics, reporting, CRM, and compliance. "We wanted to find a technology partner who could deliver a solution that would drive our top-line revenue while reducing costs," said Bob Cogan, CAI's president. He added, "StatementOne will be transitioning the transaction history for 10,000 of our wealth management clients. Their turnkey solution eliminates us having to collect, reconcile and manage data, significantly reducing our operating costs. Equally important, their automated data consolidation process will greatly increase the accuracy of our data, improving the quality of our client service and the advice we deliver."

"We're very pleased to be a key part of Capital Analysts' IT and business strategy," said Greg Pacholski, StatementOne's president and chief operating officer. He added, "CAI's due diligence process required us to build a compelling business case that outlined how we would help them to increase their revenue and decrease costs. We were able to demonstrate clearly how a StatementOne partnership would provide a significant and immediate ROI."

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 and CalFed Bank.

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