Huntington Beach, CA - January 22, 2004 —CashEdge Inc. (www.cashedge.com) a provider of secure Online Money Movement and Advanced Account Aggregation platforms, and StatementOne (www.statementone.com), the industry leader in enterprise financial data consolidation and performance reporting, have partnered with Cambridge Investment Research, Inc. to provide Cambridge Rep/Advisors with a combined data aggregation and consolidation solution. The announcement was made today at FPA's Broker-Dealer Conference.
The integrated solution will enable Cambridge Investment Research to deliver an enhanced level of service to its advisors based on comprehensive client data. "Cambridge Investment Research is the first independent broker-dealer to offer the combination of enterprise data consolidation with data aggregation to provide comprehensive data coverage to every client," said Jim Guy, Chief Marketing Officer of Cambridge Investment Research.
"Through StatementOne our Rep/Advisors have made a huge leap in portfolio advisory capabilities, client communication, and practice management. By coupling that data with CashEdge's advanced data aggregation of held-away assets we are expanding our reach across a client's complete financial portfolio. This empowers our Rep/Advisors to deliver a more comprehensive level of advice while generating additional fee income," Guy explained.
"We are excited to be working with a forward looking organization like Cambridge," said Sanjeev Dheer, CEO of CashEdge. "We are increasingly witnessing the marriage of data consolidation and external aggregation as must-have functionality. As the first independent broker-dealer to implement an integrated solution, Cambridge is a bellwether for increased adoption among the broker-dealer community," he added.
"We are pleased to be announcing these important partnerships at the broker-dealer conference," said Greg Pacholski, StatementOne's chief executive officer and president. "The positive response we are seeing to our partnership with CashEdge underscores the quality of our products and reinforces the industry demand for an integrated solution," he concluded.
Established in 1995, Cambridge Investment Research, Inc. is registered broker dealer. Cambridge emerged from its sister broker-dealer, Eneric Financial Services, Inc, which was established in 1981, in part to better meet the needs of Representatives with RIA activities. The Cambridge of today combines the small-town traditions of honest hard work, common sense solutions, and courteous personal service with the large-firm opportunities of cutting edge technology, economies of scale, and comprehensive product selection.
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 64 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, credit unions and insurance companies. For more information visit www.statementone.com or contact StatementOne at marketing@statementone.com.
CashEdge® provides innovative, online financial applications to banks, credit unions and wealth management firms. CashEdge's solutions include end-to-end online account opening and funding, funds transfer, small business payments and invoicing, and data consolidation. These proven solutions are flexible, scalable and supported by extensive risk management capabilities.
CashEdge has been ranked by Inc. Magazine as one of the 500 fastest growing private companies in the United States for two years in a row. In 2007 it was also recognized by the 2007 Deloitte Technology Fast 500 and Fast 50 as one of the nation's 500 fastest growing private companies and one of the 50 fastest growing companies in the New York area, respectively. The company currently serves hundreds of leading financial institutions including four of the top five banks, 23 of the top 100 banks, and 20 of the top 100 credit unions. CashEdge has offices in New York, Silicon Valley and India. For more information, please visit www.cashedge.com.
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Ann S. Cave
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