Ameriprise deploys Albridge enterprise data and performance reporting system

Source: Ameriprise Financial

Ameriprise Financial, Inc. (NYSE:AMP), announced an agreement to provide its financial advisors with access to Albridge Solutions Inc.'s enterprise data, portfolio accounting and performance reporting platform.

One of the largest deployments of its kind, the agreement enables the Ameriprise Financial network of more than 10,500 financial advisors to access the firm's Portfolio Management Tool to securely view and generate on demand, personalized performance reports for client accounts.

The announcement further extends the relationship Ameriprise Financial established with Albridge in 2004 for its core wealth reporting application. Advisors now have access to the Albridge platform that collects, normalizes and consolidates data for mutual fund, brokerage, managed account, bank and insurance products. The platform includes Albridge Wealth Reporting (AWR), Web Services and Managed Account Performance Reporting.

"As a leader in financial planning, Ameriprise Financial is committed to continually enhancing the technology infrastructure our financial advisors rely on to deliver a high quality client experience," said Glen Salow, executive vice president of service delivery and technology at Ameriprise Financial. "This leading technology is an important component of the systems we are putting in place to help our advisors deliver personalized financial advice and grow their businesses."

"Ameriprise Financial is one of the nation's leading financial services organizations, supporting the complex needs of a diverse range of investors," said Greg Pacholski, president and chief executive officer, Albridge Solutions. "We look forward to delivering data management and wealth reporting solutions that provide Ameriprise financial advisors with convenient access to information that will help them increase productivity and manage their businesses with increased efficiency. This will enable them to concentrate their efforts where it matters most - enhancing client relationships."

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