Huntington Beach, Calif. (Feb. 10, 2004) -- StatementOne, a provider of enterprise financial data consolidation and performance reporting tools, and account aggregation platform provider CashEdge Inc. have teamed on an integrated solution for broker/dealer Cambridge Investment Research Inc.

The combined solution integrates StatementOne’s consolidated account data with CashEdge's aggregated client data of held-away assets.

"By combining data on assets held at other institutions with data on in-house assets, our partners will be able to access a complete picture of each client's financial holdings," said Sanjeev Dheer, CashEdge chief executive. "We are increasingly witnessing the marriage of data consolidation and external aggregation as must-have functionality. As the first independent broker/dealer to implement an integrated solution, Cambridge is a bellwether for increased adoption among the broker/dealer community."

StatementOne currently manages account data for more than 64 financial institutions, include independent broker/dealers, banks, credit unions and insurance companies. New York-based CashEdge serves over 80 financial institutions in North America including Citibank, Vanguard, RBC Financial Group and CIBC.

-- WebCPA staff

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