|
September 19, 2002
FOR IMMEDIATE RELEASE
AIG Advisor Group selects Statement one
LAWRENCEVILLE, NJ — StatementOne, the industry
leader in enterprise data consolidation and web-based
portfolio accounting and performance reporting solutions,
announced today that they have been selected by AIG
Advisor Group to provide enterprise data consolidation
and web-based portfolio accounting and performance reporting
for the AIG Advisor Group's 9,000 registered representatives.
The cornerstone of the roll-out will be a full integration
into AIG Advisor Group's VISION2020 platform. StatementOne’s
application will be called VISION2020 OneView, which
will allow advisors and clients full access to web-based
portfolio accounting.
"StatementOne has demonstrated, through prior
implementations at our FSC and Advantage Capital broker-dealers,
that they have both the expertise and scalability to
handle the data consolidation and reporting needs of
a large enterprise such as ours," said Malcolm
Smith, Chief Technology Officer for the AIG Advisor
Group. He added, "Our VISION2020 platform is a
leading-edge technology that enables our advisors to
streamline their day-to-day business activities -–
opening new accounts, placing trades, reviewing commission
activity, viewing detailed account activity and a full-featured
wealth management application –- all through the
Internet. Seamlessly integrating portfolio accounting
with our system requires an extremely high level of
data integrity and competence, and StatementOne has
consistently proven itself to be the industry leader
in delivering clean, accurate data within large financial
institutions. The combination of these world-class applications
will set our advisors apart from the competition, and
ultimately drive end-investor value."
"We're very pleased to partner with AIG Advisor
Group," said Greg Pacholski, StatementOne's president.
He added, "We've worked very hard to establish
the next generation of portfolio accounting/performance
reporting in a marketplace traditionally driven by manually
intensive and costly applications, and we have emerged
as the leader in this space. The AIG Advisor Group relationship
is a testament to our ability to deliver. We're thrilled
to be able to unlock the enterprise value of portfolio
accounting for both AIG Advisor Group and the industry."
About AIG Advisor Group
With nearly 9,000 independent financial professionals,
AIG Advisor Group represents the largest independent
broker-dealer network in the United States and consists
of Advantage Capital Corporation, FSC Securities Corporation,
Royal Alliance Associates, Inc., Sentra Securities Corporation,
Spelman & Co., Inc. and SunAmerica Securities, Inc.
AIG Advisor Group is the marketing name for these listed
broker-dealer subsidiaries of American International
Group, Inc.
http://www.aig.com
About Statementone
StatementOne consolidates data for financial institutions
and other enterprises, collecting transaction-level
data sets from both legacy systems and external custodians,
utilizing direct data feeds. They currently manage account
data for 43 financial institution clients, representing
over a hundred billion dollars in assets, tens of thousands
of financial advisors and millions of investors and
individual accounts. They provide a secure, web-based,
turnkey service which delivers securities account aggregation,
portfolio accounting and performance reporting to financial
institutions, branch managers, registered representatives
and their investor clients. Their proprietary software
cleans, organizes and reconciles the data, producing
a consolidated, unified data structure, with virtually
no manual intervention. This scalable database is also
used to feed critical, best-of-breed applications for
use in business planning, analytics and CRM. Their current
clients include independent broker/dealers, banks, credit
unions and other financial institutions.
David Z. Orban,
Vice President of marketing
(609) 806-0227.
For more
information on this article please go to
www.statementone.com
|
