News

Sanders Morris Harris Chooses StatementOne Consolidation Solution...

March 12, 2002

LAWRENCEVILLE, NJ — StatementOne, the industry leader in enterprise financial data consolidation and performance reporting announced today that Sanders Morris Harris Partners (SMHP), a subsidiary of Sanders Morris Harris Group, (NASDAQ: SMHG) has signed an agreement to integrate StatementOne's consolidated performance reporting platform into their technology infrastructure.

Based in Houston, Sanders Morris Harris Partners addresses the needs of the top five to ten percent of the independent financial planning professionals who want an environment and organization that recognizes their professional stature. Services provided by SMHP include investment management, estate planning and retirement planning.

"StatementOne's consolidated reporting platform is a critical piece of the infrastructure we require to serve our high-end advisors and their clients," said William S. Floyd IV, SMHP's president. He added, "StatementOne's platform provides us with both the ability to scale our operations and the means to recruit the top independent financial planning professionals." For more information about SMHP, contact William Floyd via email or at (713) 220-5131.

"We're very pleased to be working with Sanders Morris Harris Partners," said Greg Pacholski, StatementOne's president and chief operating officer. He added, "StatementOne's consolidation solution provides a proven way in which financial institutions can better serve the affluent market segment and the advisors who serve that segment."

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 nearly a hundred billion dollars in assets, representing 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, consolidated statements and performance reporting to financial institutions, branch managers, registered representatives and their clients (investors). 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 clients include broker dealers in the ING Advisors Network, the SunAmerica network, ING Aetna Financial Services, Cambridge Investment Research and CalFed Bank.

For more information contact StatementOne at marketing@statementone.com.