Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.
Products January 6, 2009
Albridge To Provide Reporting Statements for Enterprise Advisers
Albridge Solutions, a PNC Global Investment Servicing company, and Enterprise Financial Services Corp are teaming up to provide financial advisers consolidated statements and wealth reporting capabilities, the companies said.
Reported by Ellie Behling
The Albridge Wealth Reporting Web-based portfolio accounting and performance reporting application will be made available to Enterprise Bank & Trust’s financial professionals through Albridge’s data management and wealth reporting platform, according to a release.
Through this technology, Enterprise Bank & Trust’s financial professionals can generate on-demand, personalized performance reports; produce consolidated client statements and access a consolidated view of their clients’ net worth across multiple accounts, according to the release. Albridge, a wealth management technology provider, also expanded its trust reporting capabilities by establishing a direct data connection to the Sungard Charlotte trust management platform. Enterprise Bank & Trust is the first firm to receive reconciled and consolidated trust information through this connection.
In addition to portfolio performance reporting, Enterprise Bank & Trust will implement Albridge’s client data integration solution, AppLink, the release said. This technology allows Enterprise Bank & Trust’s advisers to integrate client data and connect with third-party software that supports financial planning, investment research, and client presentations.
Enterprise Financial operates commercial banking and wealth management businesses in metropolitan St. Louis and Kansas City and a loan production office in Phoenix, with the intent to establish a de novo Arizona state bank charter in 2009. The company is primarily focused on privately held businesses, their owner families, executives, and professionals.