SOURCE: ByAllAccounts


June 21, 2010 09:23 ET

ByAllAccounts and Cornerstone Revolutions Enhance Portfolio Management System

BOSTON, MA--(Marketwire - June 21, 2010) - ByAllAccounts, Inc., the financial advisors' choice for account aggregation, and Cornerstone Revolutions, a leading provider of software and services for independent investment professionals, today announced that PowerAdvisor, a complete solution for managing assets, producing reports, billing clients and rebalancing accounts, is now powered by professional-grade account aggregation. An option now exists for PowerAdvisor portfolio management system customers to cost-effectively add account aggregation, creating new opportunities to identify, advise on and bill against new assets under management and more easily and efficiently manage compliance-related activities.

"Our goal is to bring account aggregation to as many advisors as possible through platforms that are most familiar to them," said James Carney, president of ByAllAccounts. "This partnership with Cornerstone Revolutions inserts our account aggregation solution into the proven PowerAdvisor workflow, giving independent investment advisors and smaller firms yet another competitive, but still cost-effective advantage over larger firms."

"We are very excited about our partnership with ByAllAccounts," said Mary Hepler, president and CEO, Cornerstone Revolutions, Inc. "In today's challenging market, we are seeing more and more advisors who want to invest their clients' money to maximize earnings and minimize fees. Our partnership with ByAllAccounts enables us to give our advisors the flexibility to easily and affordably capture data from wherever they choose to custody assets."

"I'm delighted to be working with Cornerstone and ByAllAccounts. They have transformed the way I can easily handle my custodial data," said Melanie Lighty, owner of Philadelphia-based ML Consultants.

About Cornerstone Revolutions, Inc.
Cornerstone Revolutions, Inc. provides software and service solutions to independent investment professionals. Solutions include portfolio management, performance reporting, billing, asset rebalancing and trade execution, back office outsourcing, compliance management, and secure client communication via web portals. Cornerstone is located in Portland, Oregon. For more information see or call (503) 968-7202.

About ByAllAccounts, Inc.
ByAllAccounts, the financial advisors' choice for account aggregation since 1999, is the only service that retrieves, enriches and consolidates reconciliation-ready account data from any custodian. ByAllAccounts' patented aggregation engine, through which more than $170 billion in assets flows, aggregates all client account data -- from any source -- within an advisor's wealth management platform or trust accounting system for a truly comprehensive view. Hundreds of advisors rely on ByAllAccounts to save administrative time and costs, mitigate risk associated with having incomplete information and grow revenues through client referrals and new business development. ByAllAccounts integrates seamlessly with all of the most popular wealth management platforms.

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