News

StatementOne Surpasses 40,000 Active Investors Using Online Reporting Access

Investors Favor Online Access to Accounts; Advisors Cite Improved Productivity and Customer Service

April 13, 2004 - Lawrenceville, NJ - StatementOne, the industry leader in enterprise financial data consolidation and performance reporting, announced today that more than 40,000 active investors have been enabled by their financial advisors for online, Web-based access to their investment accounts. Having already offered both back office personnel and financial advisors the ability to view consolidated reports online, a growing number of advisors have decided to offer their clients this same online reporting capability.

The StatementOne application delivers portfolio accounting and performance reporting to financial advisors and their clients. Online, Web-based investor access is a core part of the StatementOne solution, and a growing number of advisors are now realizing the many benefits it can deliver. Online access provides investors fast, direct access to their account statements, eliminating the need to wait for mailed statements. By using StatementOne, advisors can also direct their clients to manually enter in assets that have been traditionally "held away", thereby providing the advisor more complete information as to their clients financial situation and needs. Lastly, Web-based client access reduces the time advisors need to spend on administrative tasks like performance reporting and statement preparation, which can be used instead for meeting with a greater number of clients and prospects.

"Our studies have shown that advisors who have given their clients permission to view their own accounts online have greatly enhanced their relationship, thus allowing the advisor to increase the total number of accounts and assets under management for each investor," said Stuart Tarmy, Vice President of Marketing at StatementOne. "Additionally, these advisors have also been able to attract and retain more high net worth clients."

About StatementOne

Founded in 1993, StatementOne consolidates enterprise investment account data, delivering a powerful, easy-to-use Web-based portfolio accounting and performance reporting solution to financial institutions. StatementOne's Web Services platform allows a seamless secure way to pass valuable consolidated information from the StatementOne database to other critical applications in an advisor's practice such as business planning, analytic, product development and CRM applications. StatementOne currently manages account data for more than 70 financial institutions, representing over $500 billion in assets, tens of thousands of financial advisors and millions of investors. Their current clients include independent broker-dealers, banks and insurance companies. For more information, contact Stuart Tarmy at 609-806-0227.