New York, NY (PRWEB) August 14, 2013
Xtiva Financial Systems, the leading provider of enterprise-wide compensation solutions for the financial services industry, announced today that Sterne Agee Group has signed a multi-year renewal agreement. Sterne Agee relies upon Xtiva for sales compensation and performance management solutions for its retail, fixed income and capital markets groups.
“We have been very happy with Xtiva over the years and we are pleased to have renewed our relationship,” said Damon Joyner, Chief Financial Officer at Sterne Agee. “We have a variety of business lines and some complex compensation requirements. Xtiva’s staff has been able to clearly understand our needs and deliver high quality solutions. We continually reevaluate our vendor partner relationships and have found that Xtiva is one of the top few solution providers of any service across the entire Sterne Agee enterprise.”
“Sterne Agee’s reputation and experience in the brokerage industry is stellar. Their affirmation of the value that Xtiva provides is a testament to the dedication and hard work of every one of our employees,” said Xtiva Vice President of Sales & Account Services, Rick Scearbo. “Sterne Agee continues to grow, both organically and inorganically, and we are very pleased to be able to assist them in their growth efforts by providing the firm, its management and the field our leading sales compensation products.”
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 Securities, Mutual of Omaha Investor Services, New England Securities, RBC Wealth Management and Northern Trust. For more information about Xtiva, visit http://www.xtiva.com.
About Sterne Agee
Founded in 1901, Birmingham, Alabama-based Sterne Agee is one of the oldest and largest privately-owned financial services company in the nation. The firm offers comprehensive financial services to a diverse client base, including corporations, municipalities and high-net worth individuals. Through its family of wholly-owned subsidiaries, Sterne Agee custodies over $21 billion in client assets, and has more than 1,500 employees in 59 offices across 22 states. The Sterne Agee family of companies has prospered for more than 100 years by always putting client interests first and consistently delivering excellent financial services. Sterne Agee is the trade name used by Sterne Agee Group, Inc. and affiliates, including Sterne Agee & Leach, Inc., member of NYSE, FINRA and SIPC. For more information, visit http://www.sterneagee.com .
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