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Guardian's Broker-Dealer Awards M&O a Multi-Year Agreement
Aug 06, 2007 (08:08 AM EDT)


NEW YORK, Aug. 6 /PRNewswire/ -- Miningham & Oellerich, Inc. ( http://www.serveme.com ) has extended its Commission and Compensation Solution with Park Avenue Securities with the signing of a multi-year agreement.

M&O designed, built and implemented a commissions and compensation solution to ensure that Park Avenue Securities registered representatives were being paid timely and accurately and were provided transparency with respect to how the commissions were calculated.

"With M&O, we can offer our registered representatives a compensation payment system that takes the mystery out of their commission payments," said Mark Silberman, Chief Operating Officer and Chief Financial Officer, Park Avenue Securities.

While continuing to process the payment of over 2,500 representatives, M&O will provide additional disaster recovery functionality and offer strategies to give Park Avenue Securities registered representatives greater access to the critical data they need to maximize productivity.

"Over the past five years, we have worked closely with Park Avenue Securities to custom-design a system to meet an important strategic initiative," explained Robert Miningham, President and CEO, M&O. "We are delighted to continue that work, while also developing additional tools to enhance Park Avenue Securities platform," he added.

About M&O

Miningham & Oellerich, Inc. ( http://www.serveme.com ) has worked with top financial service companies for over thirty years and has amassed unparalled insights into the industry resulting in the creation of innovative enterprise data management solutions for their clients. M&O's Serve Me! Suite is the most comprehensive set of integrated business solutions in the financial services industry, meeting the front, middle and back-office needs of its financial service clients. Solutions include Point of Sale, Books and Records, Supervision and Compliance, Commissions and Compensation, Finance and Accounting, Reporting and Queries and Central InfoMart.

About Park Avenue Securities LLC

Park Avenue Securities LLC (PAS), a registered broker/dealer and investment advisor. PAS is located at 7 Hanover Square, New York, NY 10004. PAS is an indirect wholly owned subsidiary of The Guardian Life Insurance Company of America, a mutual company founded in 1860. Guardian has earned consistently high ratings from independent agencies such as Standard & Poor's, Moody's Investor Services and A.M. Best Company. The financial ratings earned by Guardian do not apply to the investment products and services offered through Park Avenue Securities LLC.

Park Avenue Securities is a member NASD, SIPC.

CONTACT: Suzanne Bergin, Phone: +1-484-947-5782, Cell: +1-610-908-4712, sue@bergincommunications.com, of Bergin Communications

Web site: http://www.serveme.com/