PNC technology subsidiary delivers reporting and billing to bank's advisors. Clayton, Mo.-based Enterprise Financial has selected Albridge Solutions to provide its financial advisors with access to consolidated statements and Albridge's enterprise-data management and wealth reporting platform.

"Access to reliable client data -- as well as the ability to produce consolidated statements and portfolio reports -- represents a significant challenge for institutions and advisors," says Enterprise Financial's president and CEO Peter Benoist. "Implementing Albridge's technology will enable our advisors to move beyond this obstacle, manage their businesses more efficiently and concentrate more of their time on building client relationships."

Essential

Albridge's web-based portfolio accounting and performance reporting solution and its AppLink client-data integrator will be made available to financial professionals with Enterprise Financial's Enterprise Bank & Trust subsidiary.

Technology "that supports efficient monitoring of asset growth and portfolio performance is essential to providing the high-quality advice that investors expect," according to Albridge's executive v.p. Jake Rohn. "Firms such as Enterprise Bank & Trust that implement on-demand portfolio reporting and enterprise data management technologies are better positioned to support their clients."

Lawrenceville, N.J.-based Albridge is part of Pittsburgh-based PNC's Global Investment Servicing division. Its financial-planning and reporting technology is available to 100,000 advisors at 150 financial institutions. -FWR