News

North Ridge Securities Joins StatementOne Client Roster...

DECEMBER 19, 2001

LAWRENCEVILLE, NJ — StatementOne, the industry leader in enterprise financial data consolidation and performance reporting announced today that North Ridge Securities Corp. has signed an agreement to integrate StatementOne's proprietary, web-based data consolidation and performance reporting platform into their technology infrastructure.

Based in Melville, New York, North Ridge Securities is a full-service financial planning firm. "We're very excited to be able to provide this state-of-the-art service to our reps and to their clients. We believe that our reps will quickly see the enormous benefits of this product, including the vastly improved ability to produce high-quality reports for themselves as well as for their clients," said Dan Levy, North Ridge's president. He added, "Having consolidated account data available virtually 'on-demand' will greatly enhance the services we're able to offer, and it will afford our reps tremendous savings in terms of both time and staff expense. Providing the services of StatementOne will put North Ridge Securities on a technological par with any firm, anywhere, and both our reps and their clients will reap immediate benefits."

"We're very pleased to be working with North Ridge," said Greg Pacholski, StatementOne's president and chief operating officer. He added, "Their overall reaction to StatementOne's product was very enthusiastic, and we've moved quickly to enable full year 2002 data to be included in their implementation."

Adds Pacholski, "Our own studies have shown us that advisors in a given firm who are using our software consistently outperform their non-user counterparts. The bottom line? StatementOne's consolidation solution provides a proven way in which financial institutions — and their advisors — can help boost their top-line revenue, while at the same time reducing administrative costs. It's a win-win solution all around."

About StatementOne...

StatementOne currently manages account data for over $66 billion (U.S.) in assets, representing more than 17,000 financial advisors and over 1,450,000 investors and 3,300,000 individual accounts. They collect transaction-level data sets from both legacy systems and external custodians, utilizing direct data feeds. Their proprietary software cleans, organizes and reconciles the data, producing a consolidated, unified data structure, with virtually no manual intervention. This database is then used to feed critical, best-of-breed applications for use in business planning, analytics and CRM.

The unified database is also the foundation for their web-based Consolidated Statements and Performance Reporting platform. This platform is private-labeled for financial institutions and is used by their financial advisors in offering their clients a more holistic and comprehensive view of their investment portfolios. It helps both the institution and their advisors boost top-line revenue while reducing administrative costs, and increases the probability of financial success for their investor clients.

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