Advanced Equities Financial Corp. Chooses Albridge Solutions for Enterprise Data Consolidation, Portfolio Performance Reporting and Replicated Data Services.LAWRENCEVILLE Lawrenceville is the name of several places:
"We are very pleased to announce this partnership with Albridge Solutions," said Advanced Equities President Adam Antoniades. "After a rather extensive evaluation of other products and companies in this space, it became clear to us that Albridge Solutions was in the best position to satisfy our specific requirements. Albridge Solutions' portfolio accounting and performance reporting application will provide our advisors with the tools necessary to increase productivity and provide their customers with a greater level of service." Mr. Antoniades added, "Additionally, Albridge Solutions' Replicated Data Services will allow us to remain at the forefront of our industry by utilizing the Albridge data within other mission critical business applications such as compliance monitoring and reporting and other competitive purposes." "Given the costs and challenges associated with creating and maintaining the systems necessary to generate a consolidated view of the customer, many firms are now utilizing our Replicated Data Services to jumpstart a variety of enterprise-wide business initiatives including compliance," Greg Pacholski, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Albridge Solutions said. "By having direct access to a cleansed cleanse tr.v. cleansed, cleans·ing, cleans·es To free from dirt, defilement, or guilt; purge or clean. [Middle English clensen, from Old English and consolidated data source, firms are better positioned to identify and resolve potential compliance issues. We believe that the success of future compliance solutions will be predicated on a firm's ability to access timely, accurate and complete customer information which has long been a core focus here at Albridge Solutions." Albridge's Wealth Reporting provides financial institutions, their advisors, and their permissioned clients with immediate, on-demand access to the transaction-level data that's critical to successful wealth management. Albridge clients are provided with a hierarchical A structure made up of different levels like a company organization chart. The higher levels have control or precedence over the lower levels. Hierarchical structures are a one-to-many relationship; each item having one or more items below it. view which provides users at all levels the ability to securely view, analyze and report on their respective clients and/or account information. Advisors can create on-line portfolios, households of any combination of clients or accounts and can generate in-depth reports to use in their practices. Users are also empowered with the ability to automate To turn a set of manual steps into an operation that goes by itself. See automation. the preparation of regularly reoccurring statements and reports as well as e-mailing them to clients - effectively streamlining business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , enabling increased productivity and allowing more time to gather (and retain) assets. The Albridge Performance Reporting solution is a Web-based solution that delivers portfolio accounting and performance reporting to financial advisors and their clients. Comprehensive and deep in its data consolidation and delivery abilities, Albridge's solution does not require any software installation and its automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. , user-friendly interface does not demand extensive computer knowledge. Online tutorials and live 800 number are available for users who need assistance. Albridge's Replicated Data Services deliver a fully reconciled and consolidated set of files encompassing the prior day's investment activity, including transaction and position data. About Advanced Equities Advanced Equities Financial Corp. is engaged in retail and institutional securities brokerage, investment banking, private equities and asset management services through its subsidiaries, Advanced Equities, Inc., First Allied Securities, Inc. and Round Hill Securities, Inc. Advanced Equities is one of the 20 largest independent brokerage firms in the U.S. with over 600 financial advisors servicing approximately $14 billion in client assets from 200 domestic branch locations. Advanced Equities is a leader in providing late stage private equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. to emerging technology companies in partnership with the world's premier venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. . About Albridge Solutions (formerly StatementOne) Albridge Solutions, www.albridge.com, consolidates investment account data from over one thousand product families. The data is used by the enterprise for multiple purposes, including: 1) Albridge Wealth Reporting for Web-based portfolio accounting and performance reporting, 2) a Web Services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. platform that securely passes consolidated information to other applications such as analytic an·a·lyt·ic or an·a·lyt·i·cal adj. 1. Of or relating to analysis or analytics. 2. Expert in or using analysis, especially one who thinks in a logical manner. 3. Psychoanalytic. , financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. applications, and 3) creating a data warehouse that is used to power internal enterprise applications such as commissions and compliance. Albridge Solutions currently manages account data for more than 85 financial institutions, representing over $500 billion in assets, tens of thousands of financial advisors, and millions of investors. Their current clients include independent broker-dealers, banks and insurance companies. For more information, contact Stuart Tarmy at 609-806-0227. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion