Tech firm flags trend toward on-demand, personalized practice-support tools. Independent brokerage-service provider Investors Capital is putting Albridge Solutions' web-based portfolio accounting and performance reporting technology in front of its 700 or so affiliated registered representatives.

Albridge says its latest installation reflects a trend among advisory platforms to replace practice-management services based on customer-relationship-management systems with enterprise-data-management solutions like the one it provides.

Consolidation

"Financial services firms like Investors Capital that implement [enterprise data management] and portfolio-accounting solutions to provide clients with a consolidated view of their net worth are empowering financial advisors with the ability to deliver a higher level of service to investors," says Jake Rohn, head of business development at Lawrenceville, N.J.-based Abridge.

Tim Murphy, president of Lynnfield, Mass.-based Investors Capital, agrees. "Albridge's technology takes our financial advisors' service capabilities to the next level, beyond basic practice-management tools," he says. "Our financial advisors will have access to high quality data and a greater depth of consolidated reporting capabilities for their clients' accounts, which are the most important factors in helping ensure their clients' financial plans achieve success."

Using Albridge Wealth Reporting, Investors Capital's financial advisors will be able to generate on-demand, personalized performance reports, produce consolidated client statements and access a consolidated view of their clients' net worth across more than 170,000 client accounts.

Albridge Solutions provides portfolio accounting and performance-reporting services to 150 financial institutions, more than 90,000 financial advisors and millions of investors representing more than $1 trillion in assets. -FWR

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