Telemus Capital Partners Signs Agreement with Xtiva

Expanding National Financial broker/dealer adds to its state-of-the-art platform, agreeing to launch Xtiva's sales compensation system for their financial advisors.

New York, NY (PRWEB) November 17, 2008 -- Xtiva Financial Systems, a leading provider of enterprise compensation solutions for the financial services industry, today announced that Telemus Capital Partners, LLC (Telemus), has signed a multi-year agreement with Xtiva Financial Systems. Telemus has had a history of deploying the very best technology to attract and retain the best advisors. With Xtiva's solution, it will bring further automation and scale for modeling compensation policies that match the changing needs of advisors.

"We are very excited about adding Telemus to our growing roster of customers," said Thomas Moysak, Executive Vice President at Xtiva. "We want to thank Telemus for choosing us as their new partner and look forward to getting them live on Commission Manager."

The Xtiva suite provides full support for commission and compensation planning, and reporting. Key benefits of the Xtiva suite include:

- Consolidation -- Clients gain command of all key business data in one accessible data mart;
- Flexibility -- Easy modeling of unlimited payout, fee and bonus structures;
- Efficiency -- Streamlined processing and automation for all types of data feeds
- Transparency -- Powerful enterprise reporting for management, advisors and operations.

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 Telemus Capital Partners, LLC

Telemus Capital Partners, LLC ("Telemus") provides comprehensive wealth planning, investment advisory and asset management solutions to address clients' needs and objectives. We focus on delivering -- through an All-Star team of advisors -- well developed financial advice and guidance, creative investment strategies, and differentiated investment opportunities and performance. Telemus is a holding company to a broker-dealer and three registered investment advisors. www.telemuscapital.com

# # #