News

Askar Launches StatementOne's Consolidated Statements Application...

NOVEMBER 09, 2001

LAWRENCEVILLE, NJ – StatementOne, the industry leader in enterprise financial data consolidation and performance reporting, announced today that Askar had launched the StatementOne Consolidated Statements and Performance Reporting application to its network of financial advisors.

Founded in 1977 and headquartered in Bloomington, MN, Askar is a full-services securities broker dealer with over $1 billion in assets under management. They provide a wide range of financial services and investment advice to individual investors and businesses.

"Continuous, aggressive improvements to our support services and information technology systems have enabled Askar to provide the highest quality financial services to our clients," said Mary Burmann, Askar's president. "Timely access to transaction-level data and performance reporting helps our Advisors to make the most of their time, and provides a higher level of service and responsiveness to our investor clients." Adds Burmann, "StatementOne's leading-edge technology has better positioned us to meet our clients' goals in the 21st century."

"We're very pleased to have been able to offer Askar a quick implementation and roll-out," said Greg Pacholski, StatementOne's president and chief operating officer. "For Askar, there's immense value to having access to this enterprise data. It provides them with valuable insight into the investing behavior of their end customer, and provides their representatives with the tools required to remain competitive and to acquire and retain additional assets. We were able to quickly provide them with a proven technological solution that not only helps them to increase their top-line revenue, but it does so while reducing their administrative costs."

StatementOne currently manages account data for over $65 billion (U.S.) in assets, representing more than 16,500 financial advisors and over 1,400,000 investors and more than 3,200,000 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). Utilizing direct data-feeds from custodians and clearing houses, it maintains data accuracy and relationships without the aid of the labor-intensive manual data-gathering or data entry often required with other portfolio management solutions.

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