Ameritas Investment Corp. Selects Albridge Solutions for Enterprise Data Consolidation & Web-Based Reporting; Albridge to Help Integrate Ameritas' Proprietary Products with Brokerage and Direct Investments.LAWRENCEVILLE, N.J. & LINCOLN, Neb. -- Albridge Solutions, www.albridge.com the industry leader in enterprise financial data consolidation and performance reporting, announced today that Ameritas Investment Corp. (AIC AIC Association des Infermières Canadiennes. ) has selected Albridge Solutions to provide their advisors with its Web-based portfolio accounting and investment reporting solution. This solution will offer the advisors within AIC a comprehensive view of their client's financial information, including Ameritas' proprietary products for variable and fixed annuities Fixed annuities Contracts in which an insurance company or issuing financial institution pays a fixed dollar amount of money per period. . In addition, AIC has chosen to utilize Albridge Replicated Data Services which provides a consolidated set of nightly flats files encompassing the previous day's investment activity for the entire AIC advisor network. These files will help power AIC's own data warehousing See data warehouse. data warehousing - data warehouse capabilities with an emphasis on compliance reporting and monitoring. "We are thrilled to have Ameritas Investment Corp. as a client," said Greg Pacholski, 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. "We continue to see a growing need for broker dealers to be able to build out their own internal consolidated data warehousing capabilities while deciding to outsource the daily monitoring and scrubbing of this data to a third-party solutions provider such as Albridge. Our Replicated Data Services was the perfect fit to help them satisfy this requirement." "We realized there was a definitive need to be able to consolidate direct, non-proprietary account activity with the products we manufacture internally in order to stay competitive," said Cheryl Heilman, Vice President and Chief Administrative Officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive for AIC. Salene Hitchcock-Gear, AIC's President and CEO added, "Albridge presented us with two viable solutions. The first encompassed their ability to consolidate both proprietary and non-proprietary products within the AIC network. The second consists of the ability to provide our advisors with a comprehensive reporting platform as well as having the ability to be able to utilize this data set strategically within our back office for integration into other enterprise-wide applications." About Ameritas Investment Corp. Ameritas Investment Corp. Member NASD/SIPC (AIC) is an independent 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 , headquartered in Lincoln NE, with additional offices in Omaha, NE and Bethesda MD. Since AIC's founding, as BLN Investments in 1983, the company has grown to over 1,400 representatives nationwide and annual revenue of $80 million. AIC's current staff of 105 associates and rep base has grown through strategic alliances and consolidations. In 1997, a Public Finance Division was established and today is the leading provider of municipal underwritings in the state of Nebraska. This division helps arrange financing for municipalities and nonprofit organizations Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. to fund capital improvement projects, such as: water systems, hospitals, schools, street improvements and utilities. About Albridge Solutions Founded in 1993, 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 of the leading institutions within the 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. industry. Using proprietary, state-of-the art 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 as well as internal proprietary systems . This data in turn is used to power Albridge Wealth Reporting, our proprietary web-based portfolio accounting and performance reporting solution in use at over 85 financial services firms representing over $500 billion in assets, 50,000 financial advisors and millions of investors. Financial Institutions can also choose to receive 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 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 jumpstart 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. |
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