ALBRIDGE SOLUTIONS EXTENDS AUTOMATED DATA-CONVERSION UTILITY TO SUPPORT USERS OF ADVENT’S TECHFI

Data-conversion tool enables advisors to import valuable historical client account information into the Albridge Platform

Albridge continues to increase its commitment to meeting client needs through increased investment in staff and technology

April 28, 2005— Lawrenceville, NJ — Albridge Solutions, the industry leader in enterprise data consolidation and Web-based portfolio accounting and performance reporting, announced today that it has added a TechFi data conversion utility to its product line to support those advisors looking to migrate their customer account information from Advent to the Albridge Platform.

Albridge Data Convertor, an account import facility, provides advisors with an automated, cost-effective means of back-loading historical account data and client information from third-party software systems, such as Advent’s Axys 3.0, FCSI dbCAMS +, Schwab Centerpiece 5 and now Advent’s TechFi into the Albridge Platform.

"While other financial service technology vendors have been scaling back or stopping support for their products, Albridge has continued to raise its commitment to meeting client needs through increased investment in support staff and technology solutions," said Alex Sauickie, VP of Client Service and Support for Albridge Solutions.

With a continued commitment and focus on data quality, Albridge applies its proprietary, patent pending data cleansing and normalization methodologies to the imported data. Once in the system, advisors need only to review and approve the imported information before it is automatically merged into the Albridge data warehouse and available for use.

"Historically, the process of moving data from one solution to another was cumbersome, labor-intensive, and fraught with error. Our ‘Review and Approve’ tool makes it easy for advisors to verify the accuracy of the import file, thus ensuring that the integrity of the data has been maintained throughout the process," said Jakob Rohn, Executive Vice President Albridge Solutions. "In addition, Data Convertor allows advisors to leverage past investments they have made in other systems by providing access to the historical data they have collected and stored for years and using it within Albridge’s Wealth Reporting application."

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