Independent Financial Advisors

Improve operational efficiency and spend more time servicing client relationships by eliminating manual data gathering and entry of hard to get/reach data (e.g., 401(k))

  • Scale: Reduce or eliminate manual entry of client data and re-allocate time spent to client-facing activities
  • Reduce Risk: Mitigate human error associated with manual data collection and entry; provide a secure, consolidated client record
  • Deliver exceptional service: Make more effective recommendations based on a holistic view of client financial holdings 

View e-Book The definitive guide to streamlining operational efficiency e-Book

Video Overview View our pre-recorded 2-minute video overview

How the Service Works

Our knowledge-based process uses artificial intelligence to gather and transform financial account data to meet sophisticated data requirements. 

Positions, balances, transactions and securities data is ready to reconcile against the custodian-reported data.

  • Connector to structured and unstructured financial account data
  • Aggregate transactions, positions, balances from 4,000+ different custodians and TAMPs
  • Data collected using direct connectivity and/or html parsing and/or PDF parsing
  • Often use multiple different-format sources to ensure completeness of the data
  • Can add a custodian that is not currently supported by the Morningstar® ByAllAccountsSM service 
  • Support multiple currencies
  • Support trade-date and/or settlement-date based data
  • Provide platform independent data delivery. Deliver to any system including Advent, SmartStream, and InData
  • Also deliver data to proprietary data warehouses and reporting systems

Download Whitepaper Download our account aggregation whitepaper

View e-Book The definitive guide to account aggregation interactive e-Book

Systems We Work With

ByAllAccounts delivers account data to portfolio management, reconciliation, compliance, trust accounting and performance systems including:

  • Advent®
  • Black Diamond Reporting
  • Envestnet  Asset Management
  • Fortigent
  • Morningstar
  • Orion Advisor Services
  • Portfolio Pathway
  • Schwab Performance Technologies
  • WealthTouch

Click here to see a more complete list

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Supported Accounts

  • 529
  • Alternatives (e.g., REIT)
  • Annuities
  • Banking (Personal and Business)
  • Brokerage
  • Credit unions
  • Donor Advised
  • Employee Stock Option Purchase
  • Endowment
  • Loan accounts (including mortgage)
  • Offshore funds
  • Mutual funds
  • Retirement - Individual (401(k), 403(b), IRA, defined benefits, pension)
  • Retirement - Plan (Adminstrator)
  • Trusts

Case Study: RIA outsources data aggregation and increases AUM by 40-50%

Current Situation: There is no elegant way to get access to accounts not in a feed, which makes it difficult to support HNW clients that want their employer sponsored 401(k) assets or other "held-away" assets managed by the advisor
Solution: The ByAllAccounts system automatically delivers the needed positions, transaction details and balances into the advisor's outsourced platform
Benefit: Increase AUM by as much as 50% for clients by actively soliciting their held-away assets

Click here to read the full case study
Click here to use our ROI tool 

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