Asset and Client Growth

An analysis of advisors from over 150 financial institutions with access to Albridge's Portfolio Management System demonstrated that Albridge users outperformed non-users in every meaningful growth and profitability measurement, from assets to clients to accounts. The analysis was performed over a one-year period, from July 2005 to July 2006 and was inclusive of users and non-users of the Albridge platform at over 150 financial institutions. Albridge users are defined as financial advisors employing the Web-based Albridge Wealth Reporting application to deliver detailed portfolio reporting and a single view of their clients' assets. Non-users are defined as advisors not using portfolio accounting and performance reporting applications or using other applications.

Albridge users grew assets by 75%, or 12 percentage points, more than non-users (16.1% for non-users vs. 28.1% for Albridge users). Albridge users grew their assets under management (AUM) through both existing clients and the acquisition of new clients.

Albridge users acquired 123% more clients than non-users. By growing their book of business by more than double the rate of non-users, Albridge users were at a clear competitive advantage by having the ability to show clients a single view of their assets and provide one holistic financial plan.