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Advanced Equities Selects Actimize Sales Practices Solution for Surveillance and Transaction Monitoring.

NEW YORK -- Actimize Inc., a leading provider of compliance and financial fraud detection solutions, today announced that Advanced Equities Financial Corp. has selected its compliance solutions for sales practices and a number of institutional activities including equity trading, venture capital investment banking and private client services. Actimize's flexible configuration and modeling capability will allow Advanced Equities to tailor these solutions to its unique business needs.

Advanced Equities, founded in 1999, has more than 800 financial advisors at 200 branch locations nationwide, and has more than $20 billion in client assets. They specialize in private equity placements, particularly mezzanine and late-stage development financing for emerging companies in such fields as technology, health care, and biotechnology.

"Development of the right technology solution for surveillance and supervision clearly rates as one of most critical enterprise initiatives," said Adam Antoniades, President of Advanced Equities. "Having examined the more significant systems available in the market today, we concluded that Actimize represents the latest generation in such technology. Most systems out there struggle to capture the true concept of suitability surveillance."

He continued, "Actimize clearly excels with respect to pattern recognition on an advisor, client, and firm level. This coupled with the fact that Actimize is perhaps the most appropriately priced solution made the selection process easy."

The Actimize Sales Practices Solution identifies suspicious activities by monitoring transactions, accounts, traders and market activities with a comprehensive, continually-updated library of analytical models. The system detects complex trading patterns across multiple systems and generates highly-focused alerts. Cases are opened and alerts are investigated using the web-based Case Manager which includes an integrated Trade Blotter that simplifies many supervisory review and documentation requirements.

"We are delighted to add Advanced Equities to our growing list of compliance customers," said David Sosna, CEO at Actimize. "Advanced Equities validates once again our belief that with highly accurate alerts, a flexible modeler, and an integrated, web-based case manager, Actimize compliance solutions offer the best value on the market today."

About Actimize

Actimize is a leading provider of enterprise software solutions for Operational Risk Management including Anti-Money Laundering, Fraud Prevention, and Regulatory Compliance solutions. The Actimize platform is used by eight of the top ten financial services organizations and in total provides surveillance and compliance monitoring for over US$4 trillion in assets. Actimize solutions are currently implemented at leading financial services institutions including banks, brokerages, and insurance firms as well as regulatory bodies and government agencies. For more information about Actimize, visit our web site at

About Advanced Equities Financial Corp.

Advanced Equities Financial Corp. is a leading provider of investment management, securities brokerage and venture capital investment banking services through its subsidiaries: Advanced Equities, Inc., First Allied Securities, Inc. and FFP Securities, Inc. Combined, First Allied Securities and FFP Securities represent one of the nation's top independent retail brokerage operations with over 800 financial consultants servicing approximately $20 billion in client assets. Advanced Equities' independent financial consultants are some of the industry's most productive, averaging in excess of $240,000 each in annual gross production while its private client group focuses its services on meeting the specialized investment needs or the high net worth community. Advanced Equities, Inc. has established itself as the leader in providing late-stage private equity financing to emerging technology companies backed by the world's premier venture capital firms.
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Publication:Business Wire
Article Type:Company overview
Date:May 30, 2006
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