New York, NY (PRWEB) May 26, 2012
Xtiva Financial Systems, the leading provider of enterprise-wide compensation solutions for the financial services industry, announced today that it has signed a multi-year agreement with International Assets Advisory LLC (IAA), a fully-disclosed brokerage and investment advisory firm based in Orlando, Florida.
“We recently acquired a small institutional brokerage firm which necessitated that we evaluate our commission processing capabilities across all business lines,” said Mr. Ed Cofrancesco, President of IAA. “In addition, we have significant growth plans to more than double our base of Financial Consultants. To recruit the best advisors, we need to have a sales compensation system that is flexible and able to handle the maximum variety of payout and fee agreements. When we looked at the systems on the market, it was clear that Xtiva met all our stated requirements and more. We look forward to providing the most accurate, timely and meaningful information to our retail and institutional sales force.”
“We are always pleased when we can provide a solution that helps our clients increase productivity, rep satisfaction and profitability, all at the same time. IAA selected us because we will be able to give them a significant improvement over their current commission process,” said Xtiva Vice President of Sales & Services, Rick Scearbo. “In selecting us, IAA realizes that they will be able to enhance their incentive management process, provide their FC’s with access to all trade and pay details, simplify their data export process, add comprehensive override rules, improve their end-of-month reporting, and better payroll cycles, among others.”
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 International Assets Advisory
Founded in 1982, International Assets Advisory, LLC is a full-service brokerage and money management firm. Based in Orlando, Florida, IAA provides its clients with portfolio management, retirement planning, estate planning, and investment advisory services. Fee-based accounts are offered through an affiliated Registered Investment Advisor (RIA) firm, International Assets Investment Management, LLC. The firm leverages its relationship with Pershing LLC (division of Bank of New York) to provide its Financial Consultants and customers with the maximum flexibility and stability. For more information, please visit http://www.iaac.com.
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