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September 12, 2002
FOR IMMEDIATE RELEASE
Jackson National Selects StatementOne Consolidation
Solution
LAWRENCEVILLE, NJ - StatementOne, the industry leader
in enterprise data consolidation and Web-based portfolio
accounting and performance measurement, announced today
that broker-dealer network National Planning Holdings,
Inc. will integrate StatementOne's data consolidation
application into the technology infrastructure used
by its broker-dealer affiliates and their investment
representatives.
National Planning Holdings is a broker-dealer network
affiliated with Jackson National Life®, one of the
largest financial services and life insurance organizations
in the United States. The National Planning Holdings
network is comprised of four separate firms: INVEST
Financial Corporation, Investment Centers of America,
Inc., National Planning Corporation®, and SII Investments,
Inc. These broker-dealers operate independently, but
benefit from National Planning Holdings' technology
and service support. The National Planning Holdings
network has approximately 2,300 representatives with
combined annual revenues of more than $275 million in
2001.
"Our focus is on giving advisors the support
they need to succeed, including the highest quality
technology," said Clifford Jack, president and
CEO of National Planning Holdings. "StatementOne's
consolidation platform is something we know our representatives
want and will use to better serve their current and
future clients. After looking at other solutions, it
was clear that StatementOne was the right choice to
provide representatives the access to the data they
need, the way they need it, in real time." "StatementOne
is uniquely positioned to support Jackson National®'s
growing business units, including their four broker-dealers,"
said Greg Pacholski, StatementOne's president and chief
operating officer. He added, "A key feature of
our offering is the capability to implement simultaneously
across their entire network of companies. StatementOne
provides National Planning Holdings and Jackson National
with a robust consolidation capability which satisfies
the needs of this diversified financial institution."
About National Planning Holdings... National Planning
Holdings, headquartered in Santa Monica, California,
is an affiliate of Jackson National Life Insurance Company®.
Jackson National Life, headquartered in Lansing, Michigan,
is one of America's largest life insurance companies,
with more than $126 billion of life insurance in force
and more than $51 billion in assets (GAAP), with $43.2
billion (GAAP) in policy liabilities set aside to pay
primarily future policy owner benefits (as of 6/30/02).
Jackson National is wholly owned by the United Kingdom's
Prudential plc (NYSE: PUK), a leading financial services
group with operations in Europe, Asia, and the United
States (not affiliated with Prudential Financial).
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
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