LDP- stock from the past showing some lift today. Up 10 percent ,but no volume.
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Thursday February 14, 8:35 am Eastern Time
Press Release
SOURCE: London Pacific Group Limited
London Pacific Advisors (LPA) and Advisors Edge Enter Strategic Partnership
LONDON and SACRAMENTO, Calif., Feb. 14 /PRNewswire-FirstCall/ -- London Pacific Group Limited (NYSE: LDP - news; London Stock Exchange: LPG) is pleased to announce that Advisors Edge, Inc., a nationwide consortium of financial advisory firms, has selected LPA's web-enabled separate account consulting services and advanced technology to deliver financial solutions to its wealth management consultants and their clients.
This strategic partnership provides member firms across the country with access to a complete range of sophisticated fee-based investment choices as well as state-of-the-art front and back office technologies. The program includes a blended platform of separate account managers (SAMs) and mutual funds, all of which have passed LPA's highly regarded, comprehensive due diligence process.
Additionally, the fully automated system provides Advisors Edge wealth management consultants with instant access to client data management tools, asset allocation, manager search, investment selection, client proposals, portfolio analyses, and investment policy statements, all of which add considerable value when working with high-net-worth clients. LPA will also be providing portfolio accounting, monitoring, performance reporting, and invoicing services to member firms.
``Our partnership with LPA enables us to deliver the best fee-based financial services platform in the industry to our member firms. And advisors have access to the best products and institutional investment solutions that very few advisors can bring to their ultra high-net-worth clients,'' said Bruce Carlin, Chairman of Advisors Edge, Inc. ``Since we can now offer investment solutions to meet the whole realm of clients' needs, we believe we can stand shoulder-to-shoulder with some of the largest financial services firms in the country.''
Participating advisor firms will have their own private-labeled websites and will be able to view all of their clients' financial investments on one web-enabled platform. ``This is an exciting relationship for us in part because it integrates multiple products into a single end-to-end solution,'' said Michael Mayer, Chairman of London Pacific Advisors. ``It is a pleasure to work with a forward-thinking group like Advisors Edge who pride themselves on providing their advisors with cutting-edge resources.''
``We chose the LPA platform because they have the technology to deliver our unique package of services to member firms on a very cost-effective and productive basis. They have really worked with us to create a system that is tailored to meet our needs and the needs of our clients,'' said Michael Carlin, C.O.O. of Advisors Edge, Inc. ``And since clients can get all of their investment solutions under one roof with institutional pricing and quality of services, we believe that the Advisors Edge platform remains the best one-source solution for any wealth management firm.''
About Advisors Edge, Inc.
Advisors Edge, Inc., a nationwide consortium of wealth management firms that emulate a family office model, is comprised of financial advisory firms whose advisors specialize in wealth management consulting. Some of the member firms of Advisors Edge are also part of the Leading Edge Alliance, a group of 33 major independently owned accounting and consulting firms, established to help its network of advisors share core services and use each other's particular product specialties to help better service their client base. This nationwide network shares an entrepreneurial spirit and allows firms to share practice management knowledge with the profession's leading partners. To learn more, contact Bruce Carlin at |
