New York (PRWEB) March 19, 2011
Xtiva Financial Systems, the leading provider of enterprise compensation solutions for the financial services industry, today announced that JHS Capital Advisors (“JHS”) has selected Xtiva Financial Systems software to manage its commissions processing. Under the agreement, signed in the first quarter of 2011, JHS will use Xtiva’s suite of products to track and manage sales commissions for its more than 75 employee and independent brokers.
“We selected Xtiva because of their reputation in the industry for delivering an excellent compensation platform,” said Scott Bendert, Chief Executive Officer, JHS Capital Advisors. “We also needed a solution that fit well with our clearing firm’s offerings and Xtiva is a partner with RBC Correspondent & Advisor Services so we are excited about the integration capabilities of our systems. In addition, our current solution cannot scale to meet our growth needs and we are very excited about Xtiva’s web-based reporting platform for our reps.”
“We are very excited about adding JHS to our roster of retail clients. They have already shown that they believe in the model and will utilize Xtiva as a key component to being able to attract and retain the best producers,” said Rick Scearbo, Vice President of Sales & Client Services at Xtiva. “We look forward to completing their implementation and getting their reps live on the system next quarter. Having another RBC correspondent further solidifies our position as the leading solution for sales compensation for CAS clients.”
Xtiva provides the first industry-integrated approach to truly integrated compensation management, sales performance measurement, institutional client performance management and business policy management. Xtiva’s offering supports today’s needs for a managed solution in meeting a wide range of business, operations, finance, and technology needs. Xtiva provides clients with the tools they need to drive their businesses forward by enabling clients to:
+ Improve the quality and focus of reporting across the enterprise
+ Reduce total cost of ownership of advanced enterprise reporting solutions
+ Manage revenue and expenses more effectively
+ Bridge gaps between regulatory and financial reporting
About Xtiva Financial Systems
Xtiva Financial Systems is a leading provider of hosted 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 90 clients and key industry alliances, Xtiva is the leading provider of sales compensation solutions to the brokerage industry.
Xtiva’s clients include Ameriprise, AXA 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 http://www.xtiva.com.
About JHS Capital Advisors
JHS Capital Advisors is an asset management firm providing personalized client services for investors nationwide. Founded on a simple code of ethics based on integrity, transparency and full disclosure, JHS’s mission is to always put its clients’ needs and interests first, and to build a reputation for fostering multi-generational relationships. JHS has an open platform that offers a full suite of financial products and services, enabling greater choice and autonomy for its advisors. Founded in 2009 by John H. Sykes, JHS Capital Advisors is headquartered in Tampa, Florida, and is a subsidiary of JHS Capital Holdings. For more information, contact Eileen Canady, Vice President, Strategic Development & Media Relations at JHS Capital Holdings at: Eileen(dot)canady(at)jhscapitalholdings(dot)com or (813) 202-7964 or visit http://www.jhscapital.com.
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