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Princor Financial Services CorporationSelects Albridge Solutions

Monday 4 April 2005 18:14 CET | News

Princor Financial Services Corp., a member of Principal Financial Group, the nations 401(k) leader and total retirement solutions innovator, has selected Albridge Solutions Web-based Wealth Reporting application for their registered representatives.

Albridge Solutions extensive data interface capabilities will consolidate the proprietary mutual fund and insurance products offered by The Principal along with brokerage and other non-proprietary investments to provide Princor Registered Representatives with an automated and comprehensive view of their clients assets. Looking to expand its virtual office capabilities for enhanced efficiency in providing timely and accurate data quickly, Princor will also be utilizing Albridges Web Services platform. Albridge Web Services will seamlessly and securely pass valuable consolidated client, account and holding information from the Albridge web application to other critical applications used by Princor representatives in their practices, such as eMoney Advisor for financial planning and Morningstars Advisor Work Station for mutual fund analytics. Princor Financial Services has also subscribed to Albridges Replicated Data Services to help expand the back office data warehousing capabilities at Princor. Albridges data replication delivers a fully reconciled and consolidated set of files encompassing the prior days investment activity, including transaction and position data. The Albridge Wealth Reporting Web-based application provides system users at all levels the ability to securely view, analyze, and report on their respective clients and/or account information. Advisors can create households or portfolios of any combination of clients or accounts; generate in-depth reports to use in their practices; and automate the preparation and distribution of regularly scheduled reports to clients, saving time and manual labor. This allows Advisors to devote more of their time to productive, client acquisition and retention activities.


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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce