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Albridge Solutions and DST Vision Provide Connectivity to Maximize Intermediary Data Management and Reporting Efficiency.


LAWRENCEVILLE, N.J. -- Albridge Solutions, the industry leader in enterprise financial data consolidation and performance reporting, announced today that it now offers its broker/dealer customers integrated connectivity between Albridge and DST DST - Daily Slot Tournament (seen in casino ads and signs)
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 Vision(TM). Vision is a leading account management Web site for financial advisors provided by DST Systems, Inc. The solution will provide financial advisors with "point of click" access from Albridge's Wealth Management reporting platform directly into DST Vision, a resource for specific client mutual fund or variable annuity account data.

"Albridge Solutions recognizes the value of integrating with other solutions such as DST Vision to provide more "in-depth" information on securities," said Greg Pacholski, President and CEO of Albridge Solutions. "The key is to make this information seamless to the end user so we maximize the financial advisor's efficiency and time while minimizing expense. We enable financial advisors to spend their time where it matters most -with their clients."

"DST Systems is pleased to work with Albridge on behalf of its broker/dealer customers," said Kyle Mallot, DST client services officer in charge of Vision. "Vision's design enables integration with broker/dealers, giving them much-needed access to a variety of critical information."

By offering direct access to DST Vision, Albridge clients have one more resource added to the growing portfolio of services, tools and resources conveniently available through Albridge's Web-based Wealth Management Reporting Solution.

"Now, with access to DST Vision, our advisers are able to serve their clients better, as they do not have to call the fund companies for routine information such as cost basis, rights of accumulation, and share balances," said Lon Dolber, of American Portfolios, an Albridge Solutions client. "With management company approval, advisors are also able to affect a buy or sell without having to open another application which saves time and reduces costly trading errors."

Since announcing its first enterprise financial institution client four years ago, Albridge has become a leader in providing enterprise data consolidation and Web-based portfolio accounting/performance reporting solutions to the financial services industry and counts more than 85 institution-level clients and tens of thousands of advisors as users. 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.

DST Vision is focused on providing financial intermediaries with the complete client account access needed on a daily basis. DST Vision data consolidates customer portfolio management, detailed account information, electronic statements, transaction processing, and enables new account establishment. Vision provides real-time, reliable information for more than 260 mutual fund and variable annuity companies for optimal customer support. Currently, Vision provides access to more than 70 percent of the dealer-distributed mutual funds and more than half of the leading variable annuities.

About Albridge Solutions (formerly StatementOne)

Albridge Solutions 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 platform that securely passes consolidated information to other applications such as analytic, financial planning and CRM 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, please visit www.albridge.com.

About DST Vision/DST Systems, Inc.

Introduced in 1998, DST Vision(TM) is designed to give independent advisors an easy-to-use, one-stop information source for customer positions held directly with fund families and variable annuity providers. With a single ID and password, advisors have access to account management tools including transaction processing capabilities, customizable client portfolios, and access to electronic statements. For more information, please visit www.dstvision.com.

DST Systems, Inc. (NYSE: DST) provides sophisticated information processing and computer software services and products that help clients improve productivity, increase efficiencies, and provide higher levels of customer service. DST is organized domestically and internationally into three operating segments: Financial Services, Customer Management, and Output Solutions.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 14, 2005
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