Blog Entries by James Carney, CEO, ByAllAccounts

Turn “Left Behind” 401(k) Accounts Into IRAs That Increase Your AUM

By James Carney, CEO, ByAllAccounts on Monday, December 2nd, 2013

James Carney, CEO, ByAllAccounts

The data is readily available. And there’s a new way to use it to capture millions of investment dollars and increase your firm’s AUM. It’s really very simple: Right now, when many people change jobs, they often do not roll over the funds from their previous employers’ 401(k) into a new IRA. Instead, the money just sits there in the old 401(k)...Read More »

You May Not Know Where Gold Is Going, but You Can Aggregate Its Value for Clients

By James Carney, CEO, ByAllAccounts on Thursday, May 30th, 2013

James Carney, CEO, ByAllAccounts

In recent months, the price of gold has dropped considerably, and where it goes from here is anybody’s guess. According to Bloomberg, gold futures in New York have fallen 18% in the past three months. Consider, too, that in August, 2011, gold was priced at $1,888 an ounce, while today, as I write this blog, it’s at $1,462.50...Read More »

How Automation and Scalability Can Keep You Compliant

By James Carney, CEO, ByAllAccounts on Monday, April 15th, 2013

James Carney, CEO, ByAllAccounts

With the recent news about JPMorgan Chase and its $6.2 billion loss in derivatives trading, there are renewed calls for increased government oversight and tightened regulations on today’s financial services firms...Read More »

5 Steps for Simplifying the Movement of Data Through Your Organization

By James Carney, CEO, ByAllAccounts on Wednesday, April 3rd, 2013

James Carney, CEO, ByAllAccounts

For advisors, adding new technology can be a huge step, whether you’re installing or upgrading a portfolio management system, CRM, planning tool, rebalancing software, client portal or any other application...Read More »

To Succeed, Advisor CEOs, Compete to Be Unique, Not the Best

By James Carney, CEO, ByAllAccounts on Wednesday, March 13th, 2013

James Carney, CEO, ByAllAccounts

As business people, we’ve had it drilled into us that we need to strive to be the best. Our firm must outshine all others. Even if we do the same things as other businesses in our space, we must differentiate ourselves by our sheer operational superiority...Read More »

Goal-Based Wealth Management: Preparing Clients for Retirement

By James Carney, CEO, ByAllAccounts on Tuesday, February 19th, 2013

James Carney, CEO, ByAllAccounts

Retirement is not what it used to be. Once, with a sound, performance-based wealth management plan, our forebears could count on an adequately-funded retirement in which they had sufficient assets to meet their needs...Read More »

Don’t Accept the Inefficiencies of Manual Data Entry

By James Carney, CEO, ByAllAccounts on Monday, January 14th, 2013

James Carney, CEO, ByAllAccounts

Does this scenario sound familiar? There are particular asset classes you think could benefit your clients and firm—different types of alternative investments, for example—but the harsh reality is that you’re simply not prepared for the torrent of unstructured data that the custodians, asset managers or other keepers of the data for the funds in these categories are about to throw at you...Read More »

Eliminating Manual Processing in Alts: Millennium Trust’s McCartan

By James Carney, CEO, ByAllAccounts on Tuesday, December 18th, 2012

The use of alternative investments is increasing—big time. But as usage increases, so, too, do the hours that advisors find themselves devoting to the manual processing and reporting of data related to these investments...Read More »

Solving the Alt Investing Reporting Problem

By Amy McIIwain, President, Financial Social Media on Monday, November 19th, 2012

Amy McIIwain, President, Financial Social Media

When you look at alternative investments, you can’t help but see how significantly their use has increased. In the past 12 months alone, there has been a double-digit increase in the use of alternative investments, including hedge funds, private equity, REITS, managed futures and the assorted other types of investments that comprise the category...Read More »

Custodial Data Aggregation: A Win-Win for Custodians and Advisors

By James Carney, CEO, ByAllAccounts on Monday, October 1st, 2012

Over the past few years, data aggregation solutions have become a key component of how RIA firms deliver better client service , provide holistic wealth management, and boost AUM and profits. But what’s been less well publicized—and what I’d like to talk about here—is how top custodians are now using aggregation services to deliver data to their RIA clients. In doing so, they’re providing their RIA clients with better service and turning the typical data delivery model on its head...Read More »