New York, NY (PRWEB) March 24, 2012
Xtiva Financial Systems, a leading provider of enterprise compensation solutions for the financial services industry, today announced that First Allied Securities, Inc. has signed a multi-year renewal agreement.
“We have been very pleased with Xtiva over the years and have been happy to have been one of their flagship retail clients, dating back to 1998. We have some unique and complex sales compensation requirements and Xtiva has been able to work with us to ensure that we will continue to attract and retain the best producers in the industry,” said Adam Antoniades, President and Chief Executive Officer at First Allied. “The professionals at Xtiva have been fantastic to work with over the years, through tough times as well as the good years. Xtiva is a trusted advisor, not just another vendor.”
“When a firm of First Allied’s caliber renews their contract for several years it is a testament to the hard work and dedication of our employees as well as our leadership in the sales compensation space,” said Rick Scearbo, Vice President of Sales & Client Services at Xtiva Financial Systems. “As First Allied enters the next phase of their firm’s growth, we are extremely pleased to be able to help support them and their advisors.”
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 75 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, 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 First Allied
First Allied Securities, Inc. (First Allied) is a full-service, independent broker/dealer with about 1,000 financial advisors in 500 branches throughout the U.S. First Allied invests in its affiliated advisors’ success through proven programs covering everything from creating and executing their own firm’s business plan, generating leads, and becoming true wealth managers. First Allied’s aim is to educate its advisors and help them optimize and grow their businesses. This strong foundation, coupled with their expansive product suite, enables independent advisors who have partnered with First Allied to lead the industry in average production* as they secure their clients’ financial futures. For more information, visit http://www.firstallied.com.
- * Investment Advisor magazine (data as of 4/10 and 4/11 average annual gross production per advisor, provided by broker/dealer)