The technology will soon be made available to Investors Capital's network of more than 700 financial advisors.

Investors Capital's implementation of the Albridge Wealth Reporting portfolio accounting and EDM technologies reflects the continuing transition among financial institutions from third-party practice management solutions. Relying on Albridge Wealth Reporting, Investors Capital's financial advisors will have the ability to generate on demand, personalized performance reports, produce consolidated client statements and access a consolidated view of their clients' net worth across a total of 170,000 client accounts.

"Albridge's technology takes our financial advisors' service capabilities to the next level, beyond basic practice management tools. 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," said Tim Murphy, President, Investors Capital Corporation.

"Financial services firms like Investors Capital that implement EDM 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," said Jake Rohn, executive vice president, Albridge Solutions. "We look forward to working with Investors Capital and powering their financial advisors' efforts to deliver wealth reporting solutions that result in unsurpassed wealth management services for their clients."