Blog Entries by Brian Gannon, Technical Relationship Manager

Advisors and the Cloud: Welcome to the New World of Computing

By Brian Gannon, Technical Relationship Manager on Friday, August 26th, 2011

It's official...the Cloud is here, and it's not new anymore. The other week, I embarked on an ambitious project, one which I have tried every now and again over the past ten years and which has invariably proved to be a fool’s errand: create the elusive “unified calendar”. By that I mean a calendaring system that is correct no matter where it is viewed, and no matter where appointments are created or modified, whether it be in Outlook, a phone, the Internet, etc. I’ve tried and failed so many times, and scoffed at the promise of the Internet as a result. There was always a snag. I had to sync my phone to my laptop at least once a day, or my workplace’s Exchange server was locked down, or appointments could be viewed but not made on my personal laptop. If it didn’t include everything, and/or relied on some manual step, it didn’t count. Well guess what. This time, the result was different. This time, IT WORKED! I was as excited as Doc Brown when the DeLorean hit 88 miles per hour. iCal + Google Calendar + Outlook + Google Calendar Sync = Unified Calendar. And that can only mean one thing: the Internet, or the Cloud I should say, is finally, positively, without a doubt, here...Read More »

Choosing the Right Software: 3 Tools for Getting it Right the First Time

By Brian Gannon, Technical Relationship Manager on Thursday, July 28th, 2011

Way back when, in the early 2000’s, my roommate Joe and I would often find ourselves watching “Leave it to Beaver” on Saturday mornings. One of our favorite scenes was one where Beaver was choosing a book for his book report from Ward’s library. Beaver pulls out a book and hands it to Ward for the requisite parental approval. Ward is puzzled by his choice and says to Beaver, “’A History of Mexico… why did you choose this book Beaver?” Beaver responds enthusiastically, “I chose it on account of its neat green cover!” And then Ward, in his perfectly sardonic father-knows -best tone: “No Beaver, no. That book is not for you.” You can almost hear him saying “No Beaver, that is a terrible idea”, which is why we found it so humorous. Ward then chooses The Three Musketeers for Beaver, and yet another Cleaver household catastrophe is narrowly averted. (Well, not really, because then Beaver watches the Three Musketeers movie instead and gets in big trouble...)..Read More »

Reaching Out To Your Clients' Adult Children at the Right Time: Marriage, Mortgages and Other Milestones

By Brian Gannon, Technical Relationship Manager on Thursday, June 30th, 2011

A funny thing happened to me the other week – I got married. And then another funny thing happened – my wife sat me down and said, "I want to go back to school to get my MBA." And I said, "That’s great honey, fantastic! And, umm, just out of curiosity, how much does that cost?" "About $48,000." And then it finally hit me: Oh no. That actually affects me now. My days of walking into Best Buy to buy the Lord of the Rings trilogy on blu-ray whenever I feel like it are over. I need someone to actually help me with this money stuff. What now? I think a lot of people in my demographic (thirty-something) have had this moment of revelation at some point in the recent past, or will in the near future. In my case at least, it got me thinking about how I now officially need some advice on my (or really, our) financial future. So the next thought is that my parents’ financial advisor might be a good place to start. And that led promptly to the question: Why hasn’t my parents' financial advisor contacted me already?..Read More »

End System Spotlight: What's Popular with Advisors—and What's Next?

By Brian Gannon, Technical Relationship Manager on Thursday, June 16th, 2011

As many partners and advisors have told us, one of the key benefits of aggregating held-away data with ByAllAccounts is that the data can be brought into wide array of end systems, such as reporting platforms, back office services, rebalancing tools…you name it. We make a point of keeping a constant dialogue going with end system providers—and most recently, we spoke with Envestnet Asset Management, provider of a cloud-based solution that incorporates reporting and front-, middle- and back-office services all under one umbrella.....Read More »

Messes You Can Avoid by Reconciling Your Account Data Daily

By Brian Gannon, Technical Relationship Manager on Thursday, March 3rd, 2011

Rare is the advisory firm that doesn't understand the importance of reconciling account data. For most, it's about as much a given as meeting with clients. Surprisingly though, far more common is the firm that doesn't see the need to reconcile data on a day-to-day basis. If I were to ask an RIA how often their firm reconciles their custodial data, they might say every couple days, weekly, maybe even bi-weekly--and I might think that they're not crazy. But I doubt it. To me, reconciling your accounts once-a-week is like washing your dishes once-a-week--checking your oil once-a-year or going for a physical once-a-decade--you just don't let it go that long. And the longer you do, the greater the mess and harder it is to clean...Read More »