SOURCE: ByAllAccounts

ByAllAccounts

June 14, 2010 09:00 ET

ByAllAccounts Offers Enhanced Account Aggregation to Morningstar Principia CAMS Users

BOSTON, MA--(Marketwire - June 14, 2010) -  ByAllAccounts, Inc., the financial advisors' choice for account aggregation, today announced that it has entered into an agreement with Morningstar, Inc., to provide enhanced access to aggregated client account data for users of the Morningstar® Principia® Client Access Management System (CAMS). Together, ByAllAccounts and Morningstar Principia CAMS allow financial advisors to view aggregated data from more than 3,300 sources -- including held-away assets or assets they are merely monitoring -- alongside client account data they actively manage.

"By capturing account data and feeding it directly into Principia CAMS, we're providing advisors with a new way to expand their services to current clients," said James Carney, president of ByAllAccounts. "Our research shows that one reason advisors aren't making recommendations on clients' held-away assets is because they can't see them to do so. With a holistic view of clients' assets, advisors are able to create more effective financial recommendations for investors."

Morningstar Principia CAMS saves time by quickly importing and reconciling client account data from multiple sources. Advisors can easily monitor a portfolio's performance and generate professional, investor-friendly reports, as well as manage client contact information and billing through one consolidated system. The ByAllAccounts solution will capture account data (transactions, positions, balances and prices) and feed it into Principia CAMS. Data captured overnight is ready for reconciliation the next morning alongside other account information currently captured within the system.

More information is available at http://discover.byallaccounts.com/Principia_CAMS.html.

About ByAllAccounts, Inc.
ByAllAccounts, the financial advisors' choice for account aggregation, 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.

ByAllAccounts was founded in 1999 and has its headquarters in Woburn, MA. For more information about the company: www.byallaccounts.com.

Morningstar, Inc. is not affiliated with ByAllAccounts, Inc. or its subsidiaries.

Contact Information

  • Contact:

    Scott Bauman
    Greenough Communications
    617-275-6518
    Email Contact

    Cynthia Stephens
    ByAllAccounts
    781 376 0801 x130
    Email Contact