CashEdge Announces Growth of Wealth Management Division and Enhancements of AllData Advisor - Industry's Leading Account Aggregation Solution

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CashEdge Inc., the preeminent provider of financial account aggregation services to brokerages, wealth management firms and financial advisors, announced today the continued growth of AllData® Advisor - the leading financial account aggregation solution for financial advisors as well as long-term growth to the Company's wealth management services. CashEdge increases number of broker dealer clients and RIAs by more than 80% in past year.

Given the changes in the financial services industry in the past year, we are pleased broker dealers and advisors have continued to add our aggregation solutions to the core of their practices during this period. In fact, volatile markets have helped demonstrate the importance of financial advice based on a holistic view of a client's financial portfolio.

CashEdge Inc. (http://www.cashedge.com) the preeminent provider of financial account aggregation services to brokerages, wealth management firms and financial advisors, announced today the continued growth of AllData® Advisor - the leading financial account aggregation solution for financial advisors as well as long-term growth to the Company's wealth management services.

Over the past year, CashEdge has successfully increased its number of relationships with broker dealer and registered investment advisors (RIAs) by more than 80% through its various financial services channels. Through its relationships with these firms, the number of advisors who are eligible to access AllData Advisor has increased by 75% since July 2008.

In recent months, leading industry analysts Celent and Aite Group have recognized CashEdge's account aggregation services as the best in the advisor marketplace and as a leader in breadth of functionality and depth of client services    

"Account aggregation is a highly specialized business and at CashEdge, we focus squarely on the advisor market so we understand the needs of advisors and their clients better than anyone. We've spent more than ten years refining our technology and services - proving time and time again, that AllData Advisor is the most comprehensive, reliable and secure advisor solution available," said Tom Roberts, Senior VP & General Manager of Brokerage and Wealth Management for CashEdge, Inc. "Given the changes in the financial services industry in the past year, we are pleased broker dealers and advisors have continued to add our aggregation solutions to the core of their practices during this period. In fact, volatile markets have helped demonstrate the importance of financial advice based on a holistic view of a client's financial portfolio."

CashEdge has implemented a number of changes to improve the data quality and reliability of AllData Advisor over the past year. During the third quarter of 2009, CashEdge will release additional enhancements that further augment the usability and functionality of AllData Advisor while creating additional ways for advisors to subscribe to the solution.

Asset Management Group, Inc., a registered investment advisor based in Stamford, Conn., uses AllData Advisor with its growing client base. "CashEdge's AllData Advisor enables us to see a client's complete financial situation and understand their unique financial goals. This allows us to develop and deliver the best possible advice to help our clients preserve and grow their wealth," said LeGrand S. Redfield, Jr., founder and CEO of Asset Management Group, Inc. "Our clients are continuously looking for cutting-edge tools that will better manage their financial future, particularly in today's environment, and AllData Advisor enables us to meet this client demand and increase the return on investment for our clients."

AllData Advisor, which integrates with leading wealth management platforms, such as Albridge, eMoney Advisor and MoneyGuidePro, currently serves thousands of advisors helping them to provide better advice and build stronger relationships.

About CashEdge Brokerage & Wealth Management Division
CashEdge is the preeminent provider of financial account aggregation services to brokerages, wealth management firms, financial advisors and providers of personal financial management applications. These services are highly secure and provide a holistic view of a client's or consumer's financial picture, delivering aggregated data from more than 10,000 sources, including self-directed brokerage and retirement accounts, as well as hard-to-access assets, such as life insurance, annuities and REITs. For more information, visit http://www.cashedge.com/products-financial-information.php.

About CashEdge
CashEdge is the leader in Intelligent Money Movement™ services that enable financial institutions to engage customers in new ways. CashEdge's Intelligent Money Movement services provide a single point of access, through an online banking or mobile application, for multiple easy-to-use consumer and small business transfer routes. CashEdge's industry-leading products include OpenNow®/FundNow® for new account opening; TransferNow® for Consumers, which includes Me-to-Me Transfers and Third Party Transfers; POPmoney™ for person-to-person payments; and TransferNow for Small Businesses, which includes Invoicing and Payments, Me-to-Me Transfers, Employee Payments and Vendor Payments. These products are supported by industry-leading risk management capabilities that leverage comprehensive, proprietary technology, helping institutions mitigate risk and decrease fraud exposure. CashEdge currently serves hundreds of leading financial institutions, including seven out of the top ten largest banks in the country.

CashEdge's Intelligent Money Movement™ services, including online account opening and online funds transfer services, help full-service brokers, clearing firms and independent broker dealers offer a more complete online experience for their investor clients, increasing investor self-service, improving operational efficiencies and reducing costs. The Company has offices in New York, Silicon Valley and India. For more information, visit http://www.cashedge.com.

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Cheri Herlinger
CashEdge
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