eMoney Advisor Reaches $100 Billion on AdvisorPlatform(TM)
21 November 2006 - 3:53AM
PR Newswire (US)
Leading Wealth Planning Solution Continues to Grow, Doubling Assets
Under Administration in Just Eight Months CONSHOHOCKEN, Pa., Nov.
20 /PRNewswire/ -- eMoney Advisor, a leading provider of
comprehensive wealth and goal planning solutions, today announced
that it has more than $100 billion in assets administered on a
daily basis. This is a 100 percent increase in funds administered
by eMoney over the last eight months. eMoney offers an aggregated
view of clients' financial portfolios, and is used by the top
advisors at leading financial services firms such as MassMutual
Financial Group, The Guardian Life Insurance Company, New York
Life, MetLife, The New England, PricewaterhouseCoopers, Linsco
Private Ledger (LPL), Century Business Services, Inc. (CBIZ),
Principal Financial Group, National Life and Ameritas/Acacia.
eMoney Advisor was acquired by NJ-based Commerce Bancorp in January
2006 - uniting "America's Most Convenient Bank" with America's best
online wealth management system. Since then the number of advisors
and their clients utilizing eMoney has continued to climb
dramatically with a 70 percent increase in advisors and 114 percent
increase in clients. "The need for innovating planning solutions
and dynamic real-time data continues to fuel our growth," said
eMoney Advisor CEO and founder Edmond Walters. "The volume of
assets we administer will steadily skyrocket, reaching $1 trillion
by 2009." eMoney aggregates all of a client's holdings and debt,
including real estate, credit cards, mortgages and those assets
held away, as part of its wealth management solution for advisors.
The system seamlessly integrates aggregated data, and flows it
through its comprehensive planning center. As a result, all
accounts, balances and cash flows are updated nightly and planning
can be performed on a daily basis. About eMoney Advisor eMoney
Advisor, based in Conshohocken Pennsylvania, is a wholly owned
subsidiary of Commerce Bancorp. eMoney's AdvisorPlatform is an
award-winning, web-based wealth-planning tool that offers an
aggregated, comprehensive view of a client's financial portfolio,
as well as features and functions that enable more complete
planning and better servicing of a client's needs. With the
AdvisorPlatform, advisors can proactively manage their client
relationships by identifying strengths and weaknesses in asset
allocation, keeping accounts up-to-date and monitoring significant
changes in their clients' financial status. About Commerce Bank
Commerce Bank, "America's Most Convenient Bank," is a leading
retailer of financial services with more than 400 convenient stores
in Metropolitan New York, Metropolitan Philadelphia, Metropolitan
Washington, D.C. and south Florida. Headquartered in Cherry Hill,
New Jersey, Commerce Bancorp (NYSE: CBH) has assets that exceed $43
billion. Commerce Bank ranked number one in customer satisfaction
among retail banks in the New York metropolitan area in the J.D.
Power and Associates 2006 Retail Banking Satisfaction Study(SM).
For more information about Commerce, visit the company's
interactive financial resource center at
http://www.commerceonline.com/. DATASOURCE: eMoney Advisor CONTACT:
David Zweifler, , or Andrew Worob, both of G.S. Schwartz & Co.
Inc. for eMoney Advisor, +1-212-725-4500, Fax: +1-212-725- 9188 Web
site: http://www.emoneyadvisor.com/ http://www.commerceonline.com/
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