“Xtiva has been providing Merriman Capital with market leading production reporting and compensation software for the past 7 years,” said Mr. Jon Merriman, Co-Founder and CEO of Merriman Capital. “Our business is constantly evolving. It is critical for us to have vendors in place who can adapt as we grow. Xtiva has proven their ability to deliver and meet our requirements on a daily basis. We are happy to put our faith in Xtiva’s processing and reporting capabilities.”

“Merriman Capital has been, and will continue to be, a valued client and we are very pleased that they decided to renew their agreement with us,” said Xtiva Vice President of Sales & Services, Rick Scearbo. “We look forward to many more years being their partner in support of their various business lines.”

Xtiva provides the first industry-integrated approach to fully-automated compensation management, sales performance measurement, institutional client performance management and business policy management. Xtiva’s product line supports today’s need for a managed solution while meeting a wide range of business, operational, financial and technological needs. Xtiva provides clients with the tools they need to drive their businesses forward by enabling clients to:

+ Improve the quality and focus of reporting across the enterprise
+ Reduce total cost of ownership of advanced enterprise reporting solutions
+ Manage revenue and expenses more effectively
+ Bridge gaps between regulatory and financial reporting

About Xtiva Financial Systems

Xtiva Financial Systems is a leading provider of hosted solutions for the financial services industry. Founded in 1998 and based in New York, Xtiva has developed state-of-the-art technologies that enable retail and institutional broker-dealers to streamline operations, from sales compensation and production reporting to supervision of advisor licensing and compliance issues. Xtiva’s portfolio of clients includes Ameriprise, AXA Advisors, MetLife, New England Securities, RBC Wealth Management, Northern Trust, ThinkEquity and Walnut Street Securities. For more information about Xtiva, visit www.xtiva.com.

“Xtiva has been a valued partner for L.M. Kohn & Company for the past 9 years. Everyone we work with at Xtiva is firmly committed to making our compensation process simple and error-free,” said Mr. Larry Kohn, President of L.M. Kohn & Company. “If an issue does arise, the support personnel are responsive and knowledgeable so we never have any downtime. I never worry about paying our advisors. So it was an easy decision for us to renew our agreement with Xtiva.”

“It is a pleasure to work with the management and staff at L.M. Kohn. It is a rewarding feeling to know that, in our own way, we have helped them grow their advisor base,” said Xtiva Vice President of Sales & Services, Rick Scearbo. “We look forward to many more years of compensating their people.”

Xtiva provides the first industry-integrated approach to fully-automated compensation management, sales performance measurement, institutional client performance management and business policy management. Xtiva’s product line supports today’s need for a managed solution while meeting a wide range of business, operational, financial and technological needs. Xtiva provides clients with the tools they need to drive their businesses forward by enabling clients to:

+ Improve the quality and focus of reporting across the enterprise
+ Reduce total cost of ownership of advanced enterprise reporting solutions
+ Manage revenue and expenses more effectively
+ Bridge gaps between regulatory and financial reporting

About Xtiva Financial Systems

Xtiva Financial Systems is a leading provider of hosted solutions for the financial services industry. Founded in 1998 and based in New York, Xtiva has developed state-of-the-art technologies that enable retail and institutional broker-dealers to streamline operations, from sales compensation and production reporting to supervision of advisor licensing and compliance issues. Xtiva’s portfolio of clients includes Ameriprise, AXA Advisors, MetLife, Mutual of Omaha Investor Services, New England Securities, RBC Wealth Management, Northern Trust and Walnut Street Securities. For more information about Xtiva, visit www.xtiva.com.

“We recently acquired a small institutional brokerage firm which necessitated that we evaluate our commission processing capabilities across all business lines,” said Mr. Ed Cofrancesco, President of IAA. “In addition, we have significant growth plans to more than double our base of Financial Consultants. To recruit the best advisors, we need to have a sales compensation system that is flexible and able to handle the maximum variety of payout and fee agreements. When we looked at the systems on the market, it was clear that Xtiva met all our stated requirements and more. We look forward to providing the most accurate, timely and meaningful information to our retail and institutional sales force.”

“We are always pleased when we can provide a solution that helps our clients increase productivity, rep satisfaction and profitability, all at the same time. IAA selected us because we will be able to give them a significant improvement over their current commission process,” said Xtiva Vice President of Sales & Services, Rick Scearbo. “In selecting us, IAA realizes that they will be able to enhance their incentive management process, provide their FC’s with access to all trade and pay details, simplify their data export process, add comprehensive override rules, improve their end-of-month reporting, and better payroll cycles, among others.”

Xtiva provides the first industry-integrated approach to truly integrated compensation management, sales performance measurement, institutional client performance management and business policy management. Xtiva’s offering supports today’s needs for a managed solution in meeting a wide range of business, operations, finance and technology needs. Xtiva provides clients with the tools they need to drive their businesses forward by enabling clients to:

• Improve the quality and focus of reporting across the enterprise
• Reduce total cost of ownership of advanced enterprise reporting solutions
• Manage revenue and expenses more effectively
• Bridge gaps between regulatory and financial reporting

About Xtiva Financial Systems

Xtiva Financial Systems is a leading provider of hosted solutions for the financial services industry. Founded in 1998 and based in New York, Xtiva has developed state-of-the-art technologies that enable retail and institutional broker-dealers to streamline operations, from sales compensation and production reporting to supervision of advisor licensing and compliance issues. Xtiva’s portfolio of clients includes Ameriprise, AXA Advisors, MetLife, Mutual of Omaha Investor Services, New England Securities, RBC Wealth Management, Northern Trust and Walnut Street Securities. For more information about Xtiva, visit www.xtiva.com.

About International Assets Advisory

Founded in 1982, International Assets Advisory, LLC is a full-service brokerage and money management firm. Based in Orlando, Florida, IAA provides its clients with portfolio management, retirement planning, estate planning, and investment advisory services. Fee-based accounts are offered through an affiliated Registered Investment Advisor (RIA) firm, International Assets Investment Management, LLC. The firm leverages its relationship with Pershing LLC (division of Bank of New York) to provide its Financial Consultants and customers with the maximum flexibility and stability. For more information, please visit www.iaac.com.

“When Xtiva started over 15 years ago, we were sending diskettes in the mail to our deployed clients throughout the U.S. No one imagined growing the business to the point where we were processing 20 million transactions per month in a state-of-the-art data center,” said Thomas Moysak, Chief Executive Officer at Xtiva. “We have been very fortunate that we have been able to create products and services that our clients, both small and large, find valuable. Today, our products can handle the volumes of some of the world’s largest and most sophisticated financial services providers.

“As we look to the future, the scalability of our data center operations is a key competitive advantage. We are continuing to invest significant dollars in expanding our production data centers to meet the forecasted growth of our client business,” said Rob Kenig, Vice President of Operations at Xtiva. “I am very proud of what we have built and the fact that our clients trust us with their critical compensation data.”

About Xtiva Financial Systems

Xtiva Financial Systems is a leading provider of hosted solutions for the brokerage industry. Founded in 1998 and based in New York City, Xtiva has developed state-of-the-art technologies that enable retail and institutional broker/dealers to streamline operations, from sales compensation and production reporting to supervision of advisor licensing and compliance issues. Every day more than 250 firms and 50,000 people rely on Xtiva for compensation management and reporting services. With strategic financial service industry alliances, Xtiva is the leading provider of sales compensation solutions to the brokerage industry. The firm’s clients include American Portfolios, Ameriprise, AXA, MetLife, Mutual of Omaha, New England Securities, Sterne Agee Financial and RBC Wealth Management. For more information about Xtiva, visit www.xtiva.com.

“We have been very pleased with Xtiva over the years and have been happy to have been one of their flagship retail clients, dating back to 1998. We have some unique and complex sales compensation requirements and Xtiva has been able to work with us to ensure that we will continue to attract and retain the best producers in the industry,” said Adam Antoniades, President and Chief Executive Officer at First Allied. “The professionals at Xtiva have been fantastic to work with over the years, through tough times as well as the good years. Xtiva is a trusted advisor, not just another vendor.”

“When a firm of First Allied’s caliber renews their contract for several years it is a testament to the hard work and dedication of our employees as well as our leadership in the sales compensation space,” said Rick Scearbo, Vice President of Sales & Client Services at Xtiva Financial Systems. “As First Allied enters the next phase of their firm’s growth, we are extremely pleased to be able to help support them and their advisors.”

Xtiva provides the first industry-integrated approach to truly integrated compensation management, sales performance measurement, institutional client performance management and business policy management. Xtiva’s offering supports today’s needs for a managed solution in meeting a wide range of business, operations, finance and technology needs. Xtiva provides clients with the tools they need to drive their businesses forward by enabling clients to:

• Improve the quality and focus of reporting across the enterprise
• Reduce total cost of ownership of advanced enterprise reporting solutions
• Manage revenue and expenses more effectively
• Bridge gaps between regulatory and financial reporting

About Xtiva Financial Systems

Xtiva Financial Systems is a leading provider of hosted solutions for the brokerage industry. Founded in 1998 and based in New York City, Xtiva has developed state-of-the-art technologies that enable retail and institutional broker/dealers to streamline operations, from sales compensation and production reporting to supervision of advisor licensing and compliance issues. With over 75 clients and key industry alliances, Xtiva is the leading provider of sales compensation solutions to the brokerage industry.

SSAE 16, developed by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA), replaces the Statement on Auditing Standards No. 70 (SAS 70), which was the standard used for reviewing service organization control processes for nearly two decades. The requirements of SSAE 16 are very similar to the SAS 70 requirements with one main difference in the report: the inclusion of a written assertion from management regarding the design and operating effectiveness of the controls being audited. Xtiva has received SAS 70 Type II assessments since 2005.

McGladrey & Pullen performed an independent audit and extensive testing of control activities and effectiveness, with a full assessment of:

• Oversight by executive management
• Operations and customer service
• Development and information technology organization
• Human resources policies and procedures
• Risk assessment monitoring

“Successfully completing the audit provides our clients with a high level of confidence in the reliability and quality of the hosted solutions we deliver and the processes supporting them,” said Rob Kenig, Xtiva’s Vice President of Operations. “The SSAE 16 audit provides independent and validated attestation of the effectiveness and appropriateness of Xtiva’s processes and controls that support our entire business operation including our primary and alternate data centers as well as our internal development, support processes, and overall business controls. Having our IT infrastructure in a SSAE 16-audited data center is an absolute requirement in our business.”

The SOC 1 was prepared using the “inclusive method” that incorporated reviews of relevant Xtiva service partners, mitigating the need for Xtiva customers to collect additional compliance verifications. Xtiva’s clients can easily incorporate the audit report within their overall Sarbanes-Oxley compliance programs as proof that appropriate controls are in place.

About Xtiva Financial Systems

Xtiva Financial Systems is a leading provider of hosted solutions for the brokerage industry. Founded in 1998 and based in New York City, Xtiva has developed state-of-the-art technologies that enable retail and institutional broker/dealers to streamline operations, from sales compensation and production reporting to supervision of advisor licensing and compliance issues. Every day more than 250 firms and 50,000 people rely on Xtiva for compensation management and reporting services. With strategic financial service industry alliances, Xtiva is the leading provider of sales compensation solutions to the brokerage industry. The firm’s clients include American Portfolios, Ameriprise, AXA, MetLife, Mutual of Omaha, New England Securities, Sterne Agee Financial and RBC Wealth Management. For more information about Xtiva, visit www.xtiva.com.

“Our current processing platform is manually intensive and we realize that we needed to implement an outsourced solution to handle the variety of transactions that we process each month on behalf of our field force,” said Mr. David Coburn, Chief Executive Officer of Coburn & Meredith. “We looked at several solutions, but they each had limitations that Xtiva did not. In addition, we wanted a solution that enabled us to put our entire transaction base in one place so that our advisors could go to a single application for a complete picture of their compensation each and every day.”

“We are pleased that Coburn & Meredith selected us as their vendor of choice,” said Xtiva Vice President of Sales & Services, Rick Scearbo. “We know that there are other vendors that they looked at, but in the end, they realized that the Xtiva solution will provide them with the most flexibility at a competitive price point. In addition, as they continue to grow their advisor base, they can use Xtiva’s leading solution as one of the benefits for their new recruiting efforts.”

Xtiva provides the first industry-integrated approach to fully-automated compensation management, sales performance measurement, institutional client performance management and business policy management. Xtiva’s product line supports today’s need for a managed solution while meeting a wide range of business, operational, financial and technological needs. Xtiva provides clients with the tools they need to drive their businesses forward by enabling clients to:

+ Improve the quality and focus of reporting across the enterprise
+ Reduce total cost of ownership of advanced enterprise reporting solutions
+ Manage revenue and expenses more effectively
+ Bridge gaps between regulatory and financial reporting

About Coburn & Meredith

Founded in 1934, Coburn & Meredith is a full-service investment firm serving both individuals and institutions. The firm leverages its relationships with Pershing LLC (division of Bank of New York) and National Financial Services (division of Fidelity Investments) to provide its representatives and customers with the maximum flexibility and stability. The firm prides itself on its personalized approach to meeting the specific needs of its clients with advisors who act in an unbiased manner and who have a complete menu of products from which to choose for their clients. For more information, please visit www.coburnfinancial.com.

About Xtiva Financial Systems

Xtiva Financial Systems is a leading provider of hosted solutions for the financial services industry. Founded in 1998 and based in New York, Xtiva has developed state-of-the-art technologies that enable retail and institutional broker-dealers to streamline operations, from sales compensation and production reporting to supervision of advisor licensing and compliance issues. Xtiva’s portfolio of clients includes Ameriprise, AXA Advisors, MetLife, Mutual of Omaha Investor Services, New England Securities, RBC Wealth Management, Northern Trust and Walnut Street Securities. For more information about Xtiva, visit www.xtiva.com.

NEW YORK – Sept. 20, 2011 – Xtiva Financial Systems, the leading provider of enterprise-wide compensation solutions for the financial services industry, announced today that it has partnered with RJL Wealth Management (RJLWM) on a multi-year deal. RJLWM will be implementing a number of Xtiva’s automation products, including Commission Manager™, CommissionWeb™ and License Manager™ to enhance their daily operations.

“As our business continues to grow, we determined there was an immediate need to integrate a compensation solution that is able to grow with us,” said RJLWM Chief Financial Officer Brent Ribard. “We did the research and compared the options. In the end, the choice was clear. We chose Xtiva because of their strong reputation, the flexibility and reliability of their systems, and their ability to meet our desired implementation schedule. We were equally impressed by their systems’ reporting capabilities and the ability for us to customize out-of-box functionality.”

“We’re thrilled that RJL Wealth Management chose our solutions to manage critical elements of their business operations,” said Xtiva Vice President – Sales & Marketing Rick Scearbo. “Our team strives to ensure Xtiva remains on the cutting edge of fully-automated compensation solutions for the financial industry. Our partnership with RJLWM has further positioned us as the industry leader in this market.”

Xtiva provides the first industry-integrated approach to fully-automated compensation management, sales performance measurement, institutional client performance management and business policy management. Xtiva’s product line supports today’s need for a managed solution while meeting a wide range of business, operational, financial and technological needs. Xtiva provides clients with the tools they need to drive their businesses forward by enabling clients to:

+ Improve the quality and focus of reporting across the enterprise
+ Reduce total cost of ownership of advanced enterprise reporting solutions
+ Manage revenue and expenses more effectively
+ Bridge gaps between regulatory and financial reporting

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About RJL Wealth Management
Headquartered in San Diego, RJL Wealth Management is a comprehensive wealth management firm with offices and meeting locations nationwide. RJLWM strives to help clients retire in comfort and safety by utilizing Raymond J. Lucia’s Buckets of Money® retirement strategy. This strategy has been applied to individuals, multi-generational families, foundations, corporations and retirement plans. RJLWM is headed by Raymond J. Lucia, Jr. CPA and a diverse management team. For more information about RJL Wealth Management, visit www.rjlwm.com.

About Xtiva Financial Systems
Xtiva Financial Systems is a leading provider of hosted solutions for the financial services industry. Founded in 1998 and based in New York, Xtiva has developed state-of-the-art technologies that enable retail and institutional broker-dealers to streamline operations, from sales compensation and production reporting to supervision of advisor licensing and compliance issues. Xtiva’s portfolio of clients includes Ameriprise, AXA Advisors, MetLife, Mutual of Omaha Investor Services, New England Securities, RBC Wealth Management, Northern Trust, UBS and Walnut Street Securities. For more information about Xtiva, visit www.xtiva.com.

“It was critical for us to have the best possible sales compensation and production reporting toolset for our advisors,” said Joseph Larizza, Chief Administrative Officer, Fieldpoint Private. “With our recent acquisition of Nutmeg Securities LLC, we are significantly expanding our service offering. Therefore, our advisors will now have more updated information on their current production and a better understanding of exactly what they have produced. Xtiva will assist us in ensuring that we provide an industry-leading solution. After an in-depth search, we found that Xtiva’s suite provided the functionality and the flexibility we require.”

“We are very pleased that Fieldpoint Private chose us as their partner for sales compensation,” said Rick Scearbo, Vice President – Sales & Marketing at Xtiva. “Every day we prove our ability to service the needs of all types and sizes of firms. Fieldpoint Private’s decision further cements our position as a leader for pure-play compensation solutions in the financial services industry.”

Xtiva provides the first industry-integrated approach to truly integrated compensation management, sales performance measurement, institutional client performance management and business policy management. Xtiva’s offering supports today’s needs for a managed solution in meeting a wide range of business, operations, finance, and technology needs. Xtiva provides clients with the tools they need to drive their businesses forward by enabling clients to:

+ Improve the quality and focus of reporting across the enterprise
+ Reduce total cost of ownership of advanced enterprise reporting solutions
+ Manage revenue and expenses more effectively
+ Bridge gaps between regulatory and financial reporting

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About Fieldpoint Private Bank & Trust
Fieldpoint Private Bank & Trust (www.fieldpointprivate.com) located in Greenwich, Connecticut, is a boutique financial firm providing the highest degree of personalized, confidential wealth planning and private banking services. Catering to highly successful individuals, families, businesses and institutions, Fieldpoint Private offers a powerful combination of Wealth Management and strategy, Family Office, Private Banking and Business Banking services addressing every financial need for each of our Members including: Wealth Transfer Advice, Tax Planning, Aggregation and Performance Reporting, Risk Management, Goals‐Based Investing Strategies, Sophisticated Investment Selection, Discreet and Personalized Banking, Highly Customized Credit Solutions, Custom Custody And Trust Solutions, Highly Attentive/Responsive Service and Concierge Services.

About Xtiva Financial Systems
Xtiva Financial Systems is a leading provider of hosted solutions for the brokerage industry. Founded in 1998 and based in New York City, Xtiva has developed state-of-the-art technologies that enable retail and institutional broker/dealers to streamline operations, from sales compensation and production reporting to supervision of advisor licensing and compliance issues. With over 90 clients and key industry alliances, Xtiva is the leading provider of sales compensation solutions to the brokerage industry. Xtiva’s clients include Ameriprise, AXA Advisors, MetLife, Mutual of Omaha Investor Services, New England Securities, RBC Wealth Management, Northern Trust, UBS and Walnut Street Securities.

NEW YORK – July 1, 2011 – Xtiva Financial Systems, the leading provider of enterprise-wide business and technology solutions for the financial services industry, announced today that co-founder James Iacabucci has re-joined the Management Team.

In addition to his years of experience helping to build Xtiva’s original product solution set, Mr. Iacabucci brings a tremendous amount of software development and information technology experience with him to the Company. As Xtiva’s Solutions Architect, Mr. Iacabucci is responsible for providing and deploying technical architectures that add value to Xtiva solutions, analyzing new technologies to address key market opportunities, and working across all levels of the Xtiva organization to translate market requirements into profitable market-leading solutions. Mr. Iacabucci has been a member of the Board of Directors for Xtiva Financial Systems since its inception. Most recently, Mr. Iacabucci was COO of BroadwebAsia, a social media firm started by MySpace founder Brad Greenspan that focused on building a large network of social network, online video and advertising Internet companies through acquisitions and strategic partnerships.

“James has been recognized as a technology leader in the industry and it’s thrilling to have someone of his caliber back on the team,” said Thomas Moysak, Chief Executive Officer. “James will help to strengthen Xtiva’s foothold in the industry and is a great asset to Xtiva clients and our employees. What a tremendous statement it makes to say that the co-founder believes so much in what we are building to come back and help us get to the next level.”

Xtiva provides the first industry-integrated approach to truly integrated compensation management, sales performance measurement, institutional client performance management and business policy management. Xtiva’s offering supports today’s needs for a managed solution in meeting a wide range of business, operations, finance, and technology needs. Xtiva provides clients with the tools they need to drive their businesses forward by enabling clients to:

+ Improve the quality and focus of reporting across the enterprise
+ Reduce total cost of ownership of advanced enterprise reporting solutions
+ Manage revenue and expenses more effectively
+ Bridge gaps between regulatory and financial reporting

About Xtiva Financial Systems

Xtiva Financial Systems is a leading provider of hosted solutions for the brokerage industry. Founded in 1998 and based in New York City, Xtiva has developed state-of-the-art technologies that enable retail and institutional broker/dealers to streamline operations, from sales compensation and production reporting to supervision of advisor licensing and compliance issues. With over 90 clients and key industry alliances, Xtiva is the leading provider of sales compensation solutions to the brokerage industry. Xtiva’s clients include Ameriprise, AXA Advisors, MetLife, Mutual of Omaha Investor Services, New England Securities, RBC Wealth Management, Northern Trust, UBS, and Walnut Street Securities. For more information about Xtiva, visit www.xtiva.com.