Tower Square Securities Delivers Powerful Web Based Financial Tool.Business/Technology Editors HARTFORD Conn.--(BUSINESS WIRE)--June 6, 2002 New technology solution increases productivity and attracts and retains registered representatives Tower Square Securities, Inc., a member of Citigroup and a full-service broker Full-Service Broker A broker that provides a large variety of services to its clients, including research and advice, retirement planning, tax tips, and much more. Of course, this all comes at a price, as commissions at full-service brokerages are much higher than those at discount dealer, now offers TowerConnect, a web-based financial tool for Tower Square's national network of over 750 registered representatives. TowerConnect offers both representatives and their clients a source of information by consolidating client portfolios; a service that will save the representatives time and money and provide a value-added service A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. to the client. With the new asset consolidation product, representatives will have easy access to financial information that includes transactional level detail, performance reporting and client reports. In addition, representatives will be provided with up-to-date and accurate information for real time client reports, account reconciliation, and investment tracking. "Our representatives have wanted this technology for a long time. We are thrilled to be able to provide this level of technology and service to our registered representatives. Securing this new technology positions our firm to attract and retain the highest caliber of independent registered representatives," said Ed Cassidy Ed "Cass" Cassidy (born Chicago, May 4, 1923) is a drummer who was one of the founders of the rock group Spirit in 1967. His family moved to Bakersfield, California, in 1931, and he started as a professional musician in 1937. , 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. , Tower Square Securities, Inc. Tower Square Securities chose TechFi Corporation, the Denver-based provider of financial software and outsourcing solutions for financial professionals, to develop TowerConnect. "We are pleased to work with Tower Square Securities to provide its representatives with the industry-leading technology we have with AdvisorMart Institutional(TM)," said Matt Abar, president and CEO of Techfi. "Techfi has set the standard for web-based service bureaus, and it is unsurpassed in providing its users with a tool that will give representatives the ability to better serve their clients." Tower Square Securities, Inc., member of the NASD/SIPC, is also a 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 . Techfi Corporation was founded in 1998 and provides software, technology and services to the financial intermediary Financial Intermediary An institution that acts as the middleman between investors and firms raising funds. Often referred to as financial institutions. Notes: This can include chartered banks, insurance companies, investment dealers, mutual funds, and pension funds. market. Clients include broker dealers, investment advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and , financial planners and other financial institutions. Techfi develops leading-edge technology products and services for the financial intermediary market. For more information see www.techfi.com. |
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