News

Long Grove Trading Company Signs Agreement With Statementone

- On-Line Consolidated Financial Statement Platform is Launched -

Lawrenceville, NJ - March 12, 2001 - StatementOne, an industry leader in web-based securities data aggregation and consolidated performance reporting, announced today that Long Grove Trading Company (LGTC) has signed an exclusive agreement to integrate its proprietary consolidation and performance statement platform, StatementOne.com. The service is privately labeled as LGTCstatements.com. LGTC is an independently owned securities Broker/Dealer (B/D).

Since implementing the service for LGTC and its other current clients, StatementOne is now providing consolidated statements and performance reporting for over $50 billion (U.S.) in assets, representing more than 800,000 investors.

"We chose to partner with StatementOne because their service increases our financial advisors' knowledge of their clients' investment performance and productivity," said John B. Hicks, marketing director, Long Grove Trading Company. "Having daily financial data at their fingertips directly from the clearing houses enables our financial advisors to gauge investment performance quickly and easily. It not only makes our financial advisors smarter, it frees them up to spend more time counseling their clients and selling."

StatementOne.com, a secure, web-based, turn-key service - which delivers consolidated statements and performance reporting to financial advisors (FA) and their clients (investors) - performs its functions without the aid of manual or even advisor-level data gathering (elements often needed with other portfolio management and screen-scraping systems). StatementOne.com is powered by a data processing system known as the Financial Data Network (FDN); which securely gathers, cleans and stores diverse transactional level financial data comprehensively from numerous data custodians.

"For financial advisors, creating a consolidated statement has been an ongoing challenge," said Lou Gerber, chairman and CEO of StatementOne. "The traditional methods for consolidating information are time-intensive and counterproductive. We are pleased to offer Long Grove Trading Company the solution to that challenge by implementing StatementOne.com for them."

About StatementOne

StatementOne develops products that enable broker/dealers, financial advisors, and investors to accurately and instantly gauge the progress of their financial information. The company's first-line product is a web platform called "StatementOne.com," a tool designed to give financial advisors and their clients powerful consolidated statements and performance reporting. StatementOne.com consolidates transactional level financial data for institutions and their clients and runs reports for any mix of accounts in real time.

About Long Grove Trading Company

Founded in 1981, Long Grove Trading Company (LGTC) is an independently owned securities Broker/Dealer (B/D). The organization's goal is to build a relationship driven B/D that embraces the independent producer and offers the freedom, integrity, support and compensation that seasoned professionals hunger for. Since being founded, the company has taken pride in their integrity, responsiveness and genuine interest in the success of their representatives.

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