First Univeris Client to Combine Wealth and Insurance Administration on One Platform
TORONTO, AUGUST 24, 2007 � Ten Star Financial Incorporated, which ranks in the top third amongst mutual fund dealers in Canada for assets under management, has chosen Univeris, the leader in enterprise wealth management, as their insurance administration system for its 30 offices across Canada. This insurance administration system will include a comprehensive practice management system for insurance brokers and combine for the first time wealth and insurance management systems for dual licensed brokers. Ten Star Life Insurance Brokers Inc., part of the Ten Star Financial Services group of companies, offers comprehensive life insurance products and estate planning for its clients.
�We are pleased to have Ten Star as our charter client for our new insurance administration system,� said Carmine Tullio, President and CEO of Univeris. �Ten Star has been a client of Univeris since 1997 and we are proud to see our relationship continue to grow around the shared vision of Total Financial Management. This means that the Univeris EWMS platform will process individual life and health insurance products along side its full roster of wealth products including mutual funds, segregated funds and GICs.� Added Tullio, �This is true Total Financial Management and Ten Star Financial is pioneering this in the industry.�
�Univeris was the natural choice as our new insurance administration system,� states David Baird, President of Ten Star Financial Services. �At Ten Star, we believe in providing our brokers with the best possible system to run their insurance practice and the Univeris platform will help them deliver even better service to our clients.� The Univeris insurance administration system, the first complete system available to Managing General Agencies (MGAs), ushers in a new era of administration efficiencies to insurance brokers with data-entry that mirrors the insurance application, consolidated commission statements and broker licensing � to name just a few of its robust features.
�By adding insurance onto the Univeris wealth platform, we can easily and efficiently combine our wealth and insurance products together to see the true financial picture of our clients,� states Baird. �This will allow our dual-licensed advisors to deliver a higher level of customer service and client management.�
About Ten Star
David Baird, President established Ten Star Financial Services, which is headquartered in Waterdown, Ontario, over 30 years ago. Ten Star offers insurance and financial solutions, including mutual funds, GICs, insurance and segregated funds, from its 30 branches across Canada. The Ten Star motto of “Excellence Through Education™ ensures knowledgeable and qualified advisors, who are dedicated to providing superior service and competitive prices, assist clients. The corporate website is www.tenstar.ca.
Univeris, headquartered in Toronto, Canada, is a privately held company and is the leader in enterprise wealth management for the Canadian market. Founded in 1991, Univeris has over 75 staff and over 20 major financial services clients across Canada representing over 16,000 advisors with over CDN $62 billion in mutual fund assets under administration. Univeris offers the most comprehensive enterprise wealth management platform with fully integrated back office operations, compliance and front office practice management for financial advisors. The corporate website is www.univeris.com.