News

StatementOne adds SunAmerica Broker Dealers to Client Roster...

October 31, 2001

LAWRENCEVILLE, NJ, USA – StatementOne, the industry leader in direct-feed enterprise financial data consolidation and performance reporting, announced today that SunAmerica Broker Dealers FSC Securities Corp and Advantage Capital have licensed and released, on a firm-wide basis, StatementOne's proprietary data consolidation and performance reporting platform for use by their financial advisors and their investor clients.

Founded in 1958 and headquartered in Atlanta, Georgia, FSC Securities Corporation is one of the nation's leading financial services organizations. They have a network of over 1700 financial professionals in more than 550 U.S. cities.

Houston, Texas-based Advantage Capital has been a full-service broker/dealer for over 50 years, serving a nationwide network of nearly 500 investment professionals.

Parent company SunAmerica – a wholly-owned subsidiary of American International Group – is a leading financial services firm focused exclusively on retirement savings and investment products and services. The SunAmerica group offers a variety of products and services including fixed and variable annuities, mutual funds, investment counselling and guaranteed investment contracts. The company currently holds over $61 billion in assets and services more than 2 million investors nationwide.

"Obtaining daily financial data directly from the clearing houses, direct accounts and a host of other sources provides us with the ability to generate performance reports in seconds. This gives our financial advisors a real competitive advantage, enabling them to instantly gauge performance," said Kristina Pleiman, manager of product development and education, avp, Financial Service Corporation. "Those unique features set this service apart from the others that are currently available to the financial services community. And, the application's scalability helps ensure that it can grow with us," added Pleiman.

StatementOne currently manages account data for over $65 billion (U.S.) in assets, representing more than 16,500 financial advisors, over 1,400,000 investors, and more than 3,200,000 individual accounts. They provide a secure, Web-based, turnkey service which delivers securities account aggregation, consolidated statements and performance reporting to branch managers, registered representatives and their clients (investors). Utilizing direct data-feeds from product companies, custodians, clearing houses and legacy systems, it maintains data accuracy and relationships without the aid of the labor-intensive manual data-gathering or data entry often required with other portfolio management solutions.

Powered by a data processing system known as the Financial Data Network (FDN), StatementOne gathers, cleanses and normalizes diverse transaction-level financial data directly from custodians and clearing houses, and makes it available for consolidated performance reporting, securely and in real-time.

"We're very pleased to have been selected by FSC and ACC for their data consolidation needs," said Greg Pacholski, StatementOne's president and chief operating officer. "As forward-thinking organizations, they see the immense value of having enterprise data available to all aspects of their business. It provides them with valuable insight into the investing behavior of their end customer, and provides their representatives with the tools required to remain competitive and to acquire additional assets. Plus, the effective use of the Web for representative/investor communications is a critically important evolution for the financial industry, and we provide a proven technological solution that not only helps them to meet this challenge, it also helps to reduce their administrative costs."

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