Wunderlich Securities Signs Long-Term Renewal Agreement with Xtiva

Wunderlich Securities, a First Clearing correspondent, has renewed its contract with Xtiva Financial Systems for their sales compensation solution.

New York, NY (PRWEB) November 8, 2008 -- Xtiva Financial Systems, a leading provider of business performance management solutions for the financial services industry, today announced that Wunderlich Securities, Inc. (Wunderlich) of Memphis, TN has signed a multi-year renewal with Xtiva Financial Systems.

"We have been a client of Xtiva since 1998 and are very excited about continuing the relationship for years to come." said Stephen J. Bonnema, Chief Operating Officer of Wunderlich. "It was clear after spending some time evaluating other vendors that this is the best fit for our company. Xtiva is helping us expand and automate our private client business. We are also expanding our institutional capability and Xtiva will help us manage compensation and reporting for that business as well as our traditional private client business. In addition, we will benefit from Xtiva's experience with integrating information from our clearing partner, First Clearing."

Xtiva's SaaS offering enables brokerage firms to support all of their compensation from any business unit in a flexible business rules engine and improve business performance.

"We are very happy to make this announcement today and appreciate the loyalty from Wunderlich." said Thomas Moysak, Executive Vice President at Xtiva. "We look forward to helping Wunderlich launch new business initiatives and grow with them over the next several years."

The Xtiva suite provides full support for commission and compensation planning, and reporting.

Key benefits of the Xtiva suite include:

- Data Consolidation - Clients gain command of all key business data in one accessible and extensible data mart;

- Flexibility - Easy modeling of unlimited payout, fee, and bonus structures to support the evolving business needs of a brokerage firm;

- Efficiency - Streamlined back-office processing and automation of processing for all types of data feeds;

- Business visibility - Enterprise production reporting, including management-level reporting, agent/advisor, branch, account, products, etc.

About Xtiva Financial Systems

Xtiva Financial Systems is a leading provider of Software as a Service (SaaS) solutions for the brokerage industry. Founded in 1998 and based in New York City, Xtiva has developed state-of-the-art technologies that enable retail and institutional broker/dealers to streamline operations, from sales compensation and production reporting to supervision of advisor licensing and compliance issues. With over 100 clients and key industry alliances, Xtiva is the leading provider of sales compensation solutions to the brokerage industry.

Xtiva's clients include AXA Advisors, Gunn Allen Financial, H&R Block Financial Advisors, Key Bank, MetLife, Mutual of Omaha Investor Services, New England Securities, RBC Wealth Management, Northern Trust, UBS, and Walnut Street Securities. For more information about Xtiva, visit www.xtiva.com.

About Wunderlich Securities, Inc.

Founded in 1996, Wunderlich Securities serves both private clients and institutional clients with an old world level of privacy and accountability, combined with new world technology and execution. Wunderlich, based in Memphis, Tennessee has approximately 250 professionals in offices around the country. For more information on Wunderlich visit www.wunderlichsecurities.com.

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