Albridge Data Aggregation Subscribers Outperform Non-Subscribers by 100% in Growth of Clients and Assets Under Management.LAWRENCEVILLE, N.J. -- Albridge Solutions, (www.albridge.com), the industry leader in enterprise data management (EDM (Engineering Data Management) An information system that maintains the details of all engineering data while the product is in the design and concept phase. This includes geometry and changes to geometry. See PLM. EDM - Electronic Data Management ) and performance reporting, announced today it has completed research showing that advisors who subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; its data aggregation solution have achieved considerably better business results than non-subscribers. The advisors' increased performance in assets and clients provides a competitive edge and enables the expansion of their practices. Subscribers grew their assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. by 34.6% vs. 18.5% for non-subscribers, or almost twice the growth rate. Investors' held-away assets comprise up to 58% of their portfolios on average. Albridge Data Aggregation(TM) powered by CashEdge, (www.albridge.com/solutions/data-aggregation.html) delivers information on clients' held-away assets to subscribers of the Albridge Wealth Reporting solution. The aggregation tool consolidates comprehensive financial data from over 9,000 sources. It extends the capabilities of Albridge Wealth Reporting(TM), the portfolio accounting and performance reporting tool already adopted by over tens of thousands of financial advisors. This aggregation service enables advisors to view and report on their clients' held-away assets, including retirement, wirehouse brokerage, and bank accounts. Albridge Solutions and CashEdge created this joint offering in response to the growing demand from advisors for comprehensive views of their clients' assets for planning and portfolio management. "Revealing a holistic view of our clients' financial picture is essential to providing them with effective 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 asset management services," says Lon Dolber, 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 American Portfolios Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , an early adopter of the Data Aggregation service. "The combination of Albridge's data consolidation and new aggregation capabilities gives us a distinct advantage in the breadth of client information our advisors can access." Albridge Data Aggregation is available to broker-dealer and Registered Investment Advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in users of Albridge Wealth Reporting. About Albridge Albridge Solutions is the leading provider of enterprise data management (EDM) and web-based portfolio accounting and performance reporting solutions to the financial services industry. Financial institutions and advisors including investment management firms, insurance companies, banks, Registered Investment Advisors, and independent, insurance and bank broker-dealers rely on Albridge for the high quality consolidated data they need to succeed. Albridge Solutions consolidates account information from hundreds of data sources encompassing thousands of product companies and makes this valuable customer data readily accessible to many leading financial institutions and advisors. Using patent-pending technology, Albridge Solutions collects, cleanses and normalizes the transaction and position-level securities data it receives from settlement and clearing firms, data custodians, product companies and internal proprietary systems. This data is then used to power Albridge Wealth Reporting, our web-based portfolio accounting and performance reporting solution in use at over 100 financial services firms representing over $850 billion in assets, 60,000 financial advisors and millions of investors. Financial Institutions can also choose to receive cleansed and consolidated information via Albridge 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. or Albridge Replicated Data Services to support enterprise level initiatives such as data-mining, CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. , compliance monitoring and other mission critical business applications. For more information, contact Stuart Tarmy at 609-806-0227. About CashEdge CashEdge(R) provides innovative, online financial applications for banks, credit unions and wealth management firms. CashEdge's solutions include end-to-end online account opening and funding, funds transfer and data consolidation. These proven solutions are flexible, scalable and supported by extensive risk management capabilities. With CashEdge, financial institutions are able to create compelling online offerings that attract customers, generate revenues and reduce costs. CashEdge serves over 200 financial institutions in North America, including such leading institutions as Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Citibank, Harrisdirect, Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. and The Vanguard Group. CashEdge has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Silicon Valley. For more information, please visit our Web site at www.cashedge.com. |
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