May 26, 2005--Lawrenceville, NJ and Lincoln, NE.â Albridge Solutions, www.albridge.com the industry leader in enterprise financial data consolidation and performance reporting, announced today that Ameritas Investment Corp. (AIC) has selected Albridge Solutions to provide their advisors with its Web-based portfolio accounting and investment reporting solution. This solution will offer the advisors within AIC a comprehensive view of their clientâs financial information, including Ameritasâ proprietary products for variable and fixed annuities. In addition, AIC has chosen to utilize Albridge Replicated Data Services which provides a consolidated set of nightly flats files encompassing the previous dayâs investment activity for the entire AIC advisor network. These files will help power AICâs own data warehousing capabilities with an emphasis on compliance reporting and monitoring.
"We are thrilled to have Ameritas Investment Corp. as a client," said Greg Pacholski, CEO of Albridge Solutions. "We continue to see a growing need for broker dealers to be able to build out their own internal consolidated data warehousing capabilities while deciding to outsource the daily monitoring and scrubbing of this data to a third-party solutions provider such as Albridge. Our Replicated Data Services was the perfect fit to help them satisfy this requirement."
"We realized there was a definitive need to be able to consolidate direct, non-proprietary account activity with the products we manufacture internally in order to stay competitive," said Cheryl Heilman, Vice President and Chief Administrative Officer for AIC. Salene Hitchcock-Gear, AICâs President and CEO added, âAlbridge presented us with two viable solutions. The first encompassed their ability to consolidate both proprietary and non-proprietary products within the AIC network. The second consists of the ability to provide our advisors with a comprehensive reporting platform as well as having the ability to be able to utilize this data set strategically within our back office for integration into other enterprise-wide applications."