Nirvana for the modern private wealth manager or IFA is the ability to aggregate all of the data of a client in one place. Now Albridge Solutions – formerly StatementOne, a US-based provider enterprise financial data consolidation and performance reporting – says it has agreed to provide American Portfolios Financial Services with data aggregation services for accessing information on client’s held-away assets.
Albridge Data Aggregation will bring American Portfolio’s client’s held-away asset information into the Albridge Wealth Reporting Solution. Albridge Data Aggregation has been designed to deliver a seamless data consolidation and reporting experience. Typical held-away asset information includes self-directed brokerage accounts, away asset management accounts, trust accounts, pension plans, 401k’s and IRA’s.
“The modern financial advisor has become a relationship manager who is in business to provide his clients with the highest quality financial advice,” says Lon Dolber, American Portfolio’s Chief Executive Officer. “In order to do this, we believe he must have access to the client’s entire financial portfolio to fully understand and design the most appropriate financial plan. It’s important that we be able to see all of our client’s assets, even the ones we do not manage directly. You can’t manage what you can’t see. We have been very pleased with our technology platform from Albridge Solutions, and we’re looking for a way to access our client’s held away assets. Our decision to use the Albridge Data Aggregation solution is part of our long term corporate strategy to provide our financial advisors and clients with the best solutions that the industry has to offer.”
“Providing data aggregation is aligned with our strategy to expand the breadth of data that we can consolidate and report,” adds Greg Pacholski, Albridge’s President and Chief Executive Officer. “It is critical to our vision of providing a central data repository that feeds enterprise and advisor applications.”
Founded in 1993, Albridge Solutions consolidates enterprise investment account data, delivering an Internet-based portfolio accounting and performance reporting application. The firm currently manages account data for more than 80 financial institutions, representing over $500 billion in assets, tens of thousands of financial advisors and millions of investors.