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Sterne Agee Announces Transition of $15 Billion to New Technology Platform

Sterne Agee, one of the oldest and largest privately owned financial services firms in the nation, today announced that it has transitioned more than $15 billion in assets to its Sterne Select Solutions platform, which is powered by Envestnet. The industry-leading platform is an integrated solution that provides advisors, no matter their operating or affiliation model, with access to a robust suite of capabilities, from asset management and managed accounts to portfolio management and trust services.

Sterne Select Solutions has played a key role in attracting top RIAs and completing high-profile acquisitions. The platform provides users – whether a broker-dealer, RIA or hybrid advisor – with a single technology solution that increases efficiency and lowers costs.

“Registered reps and independent RIAs are often caught between the wirehouses and custodians, forced to cobble together an ineffective solution from multiple providers,” said Trey Ruch, head of asset management at Sterne Agee. “With Sterne Select Solutions, we are offering advisors the best of both worlds – a comprehensive platform that allows them to pursue the business model that best suits their needs.”

Services offered through Sterne Agee’s platform have been especially well received by hybrid firms, which often find that the demands of high-net-worth clients exceed their capabilities.

Sterne Agee’s platform also has attracted independent broker-dealers who use it as a one-stop shop for their custodial, management and compliance solutions needs.

“There is more pressure than ever on broker-dealers from competition, new regulations and a slow economic recovery,” said Bonnie Sachs, chief financial officer at Gilford. “By providing a single, integrated technology platform for all our compliance and custodial needs, Sterne Agee is freeing us up so we can stay focused on delivering strong results for our clients and improving service.”

For more information about Sterne Select Solutions or to arrange a demonstration, contact Chesley Gamotis, director of the consulting support group, at [email protected].


Founded in 1901, Birmingham, Alabama-based Sterne Agee is one of the oldest and largest privately owned financial services firms in the nation. The firm offers comprehensive financial services to a diverse client base, including corporations, municipalities and individual investors. Through its family of wholly owned subsidiaries, Sterne Agee custodies over $23 billion in client assets, and employs more than 1,600 financial professionals in 70 offices across 20 states. Sterne Agee is the trade name used by certain affiliates of Sterne Agee Group, Inc., including Sterne, Agee & Leach, Inc., member of NYSE, FINRA and SIPC. For more information, visit

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