Xtiva Signs Long-Term Agreement With Coburn & Meredith

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Connecticut-based firm will deploy Xtiva’s sales compensation solution to its 35+ representatives.

Xtiva Financial Systems, the leading provider of enterprise-wide compensation solutions for the financial services industry, announced today that it has signed a 5-year agreement with Coburn & Meredith, Inc., a wealth management broker/dealer based in Simsbury, Connecticut.

“Our current processing platform is manually intensive and we realize that we needed to implement an outsourced solution to handle the variety of transactions that we process each month on behalf of our field force,” said Mr. David Coburn, Chief Executive Officer of Coburn & Meredith. “We looked at several solutions, but they each had limitations that Xtiva did not. In addition, we wanted a solution that enabled us to put our entire transaction base in one place so that our advisors could go to a single application for a complete picture of their compensation each and every day.”

“We are pleased that Coburn & Meredith selected us as their vendor of choice,” said Xtiva Vice President of Sales & Services, Rick Scearbo. “We know that there are other vendors that they looked at, but in the end, they realized that the Xtiva solution will provide them with the most flexibility at a competitive price point. In addition, as they continue to grow their advisor base, they can use Xtiva’s leading solution as one of the benefits for their new recruiting efforts.”

Xtiva provides the first industry-integrated approach to fully-automated compensation management, sales performance measurement, institutional client performance management and business policy management. Xtiva’s product line supports today’s need for a managed solution while meeting a wide range of business, operational, financial and technological 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 financial services industry. Founded in 1998 and based in New York, 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. Xtiva’s portfolio of clients includes Ameriprise, AXA Advisors, MetLife, Mutual of Omaha Investor Services, New England Securities, RBC Wealth Management, Northern Trust and Walnut Street Securities. For more information about Xtiva, visit http://www.xtiva.com.

About Coburn & Meredith

Founded in 1934, Coburn & Meredith is a full-service investment firm serving both individuals and institutions. The firm leverages its relationships with Pershing LLC (division of Bank of New York) and National Financial Services (division of Fidelity Investments) to provide its representatives and customers with the maximum flexibility and stability. The firm prides itself on its personalized approach to meeting the specific needs of its clients with advisors who act in an unbiased manner and who have a complete menu of products from which to choose for their clients. For more information, please visit http://www.coburnfinancial.com.

Xtiva Financial Systems
450 Seventh Ave., Suite 2009
New York, N.Y. 10123

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