Software provides holistic view of customer holdings.

Press Release Summary:

ProVisor broker desktop application incorporates Relationship Householding functionality, which offers brokers flexibility to group related brokerage accounts for purpose of defining household and consolidating statements. Brokers can select combined holdings view or asset allocation view that includes complete household. With comprehensive view of assets held in household, brokers can make correct investment recommendations.

Original Press Release:

ADP Enhances ProVisor Broker Desktop Application with Relationship Householding

NEW YORK, Jan. 31 - ADP Brokerage Services Group (ADP), a division of Automatic Data Processing, Inc. (NYSE:ADP), announced its ProVisor Relationship Householding functionality. The ADP Householding system that offers brokers the flexibility to group related brokerage accounts for the purpose of defining a household and consolidating statements, has now been integrated with the ProVisor broker desktop application.

The extension of the Relationship Householding function to ProVisor allows brokers to view the combined assets of these households. Brokers can select a combined holdings view or an asset allocation view that includes the complete household. This functionality is not, however, limited to actual households. ProVisor has the flexibility to display the holding and asset allocation views of any account group that the broker has defined. This feature enables brokers to make better investment recommendations by having a comprehensive view of the assets held in a household. By the end of the first quarter, brokers will be able to create the households within ProVisor.

"Today's competitive financial environment forces executives to explore new ways to add value to their product line and enhance customer service," said Marianne Brown, Senior Vice President and General Manager, ADP Brokerage Processing Services. "We have the ability to help our clients achieve both of these objectives by providing a holistic view of customer holdings and thereby improving the investment decisions that are made."

ProVisor is a multi-functional browser-based application that provides access to critical portfolio information, automated online order entry as well as contact management and integrated real-time market data. ProVisor offers financial professionals and other sales personnel a comprehensive desktop that will increase overall productivity in the front office, and through its integration with the ADP BPS securities processing engine, streamline the firm's back-office operations.

ADP's Brokerage Processing Service supports real-time processing of North American equities, options, mutual funds and fixed-income securities. BPS handles everything from order management to clearance and settlement, regulatory reporting and other back office requirements.

About ADP Brokerage Services Group

As the premier provider of transaction services to the financial industry, ADP has the capacity and technological expertise to assist its clients in differentiating themselves in the marketplace. ADP brings to financial intermediaries advanced, integrated systems for securities processing, desktop productivity and investor communication services, all focused on providing solutions for straight through processing and World Class Service.

ADP, with approximately $8 billion in revenues and 550,000 clients, is one of the largest providers of a broad range of premier mission-critical, cost effective transaction processing and information-based business solutions in selected markets on a global basis. For more information about ADP Brokerage Services Group, please visit our web site at and for other ADP services and investor information, please visit

All Topics