New Business Alliances Deepen Albridge Solutions Presence in Market Space
Albridge Solutions (formerly StatementOne Inc.) has strengthened its position as the principal provider of financial reporting, accounting and data solutions among financial institutions and independent brokers as new clients and business alliances deepen Albridge’s presence in the market space.
Reflecting on the growth and progress Albridge has experienced this year, Greg Pacholski, President and CEO said, “This has been a significant year of progress and accomplishment. The word is out. Our solutions have been tested and proven and the expansion of our established services has led premier independent brokers and financial institutions to come to Albridge in confidence that we can provide the help they need.” Pacholski added,” A recent listing of the top 100 wealth advisors in Barron’s included 13 who are in the independent broker dealer/insurance broker dealer space we serve. Our presence in this top-tier group is deep with 9 of these 13 independent financial advisors using Albridge to serve their clients. The fact that so many leading financial advisors and institutions utilize Albridge is a testament to how effective, secure and reliable our solutions are for them.”
The company was recently renamed Albridge Solutions from StatementOne to better reflect the growth of the company and its strategy of integrating its portfolio of services including Virtual Office, Web Services, ‘Held Away Asset’ Aggregation and Replication services into one total mission critical solution. Over the summer, Albridge Solutions was ranked number 17 on the 2004 Deloitte and Touche Fast 500 Rising Star list of the fastest growing technology companies in the United States and Canada.
Albridge manages account data for more than 85 financial institutions, representing more than $500 billion in assets, tens of thousands of financial advisors and millions of investors. The company continues to build it customer base and business alliances and had issued announcements over the year that demonstrate this progress.
Earlier this month, SunGard Online Investment Systems (NYSE: SDS) announced a partnership with Albridge to integrate their data and compliance solutions to provide customers with rapid and accurate automated capabilities for brokers. Under the arrangement, Albridge’s data replication services will provide scrubbed financial data to SunGard’s Synapse Surveillance automated monitoring and reporting solution, which will help improve data quality and consistency, reduce processing errors, and help accelerate time-to-market.
It was also announced earlier this month that eMoney Advisor, a leading provider of holistic wealth planning and client management solutions, had successfully integrated with Albridge’s Web Services platform–a seamless and secure way to pass consolidated client, account and holding information between Albridge and its partners. Albridge’s portfolio accounting and performance reporting solution has also been integrated into the infrastructures of Securities Service Network Inc. and Girard Securities Inc.– independent broker/dealers offering diversified services for the representatives.
“Albridge’s success and growth is rooted in how well our products have performed and how well we have performed for our customers,” said Stuart Tarmy, Vice President, Marketing. “As we continue to build upon our success and increase our clientele and alliances, we remain focused on providing not only the most effective and reliable financial data consolidation and reporting platform available but also top-rate customer service and assistance that is often absent from providers.”
The Albridge Performance Reporting solution is a Web-based solution that delivers consolidated and accurate performance reporting to financial advisors and their clients. Comprehensive and deep in its data mining and delivery abilities, Albridge’s solution does not require any software installation and its automated, user-friendly interface does not demand extensive computer knowledge. Online tutorials and live 800 number are available for users who need assistance.