SOURCE: ByAllAccounts


June 07, 2010 09:30 ET

ByAllAccounts and Tamarac Deliver All-in-One Platform for Financial Advisors to Streamline Operations and Workflow

Integrated Investment Management Now Combined With Aggregated Financial Account Information

BOSTON, MA--(Marketwire - June 7, 2010) -  ByAllAccounts Inc., the financial advisors' choice for account aggregation, and Tamarac Inc., the market leader in investment management and business automation solutions for independent registered investment advisors (RIAs), today announced a partnership that will help advisors run operations more efficiently and cost-effectively. For the first time, financial advisors can manage their portfolio trading and re-balancing, performance reporting and financial planning workflows in one consolidated solution that is powered by aggregated account data.

"Seamless data integration is paramount to a smoothly run, profitable operation," said James Carney, president of ByAllAccounts. "Partnering with Tamarac is all about ease-of-integration and ease-of-use for advisors, and in this case we're giving advisors access to the account data they need from any external custodian. Once inside Tamarac's performance reporting module, the opportunities to provide better service and grow client relationships are endless."

"As an open architecture vendor, Tamarac is committed to integrating with best-in-class technology providers, like ByAllAccounts, to extend the value of our service to more RIAs," said Stuart DePina, CEO of Tamarac. "The whole purpose of our integrated and web-based offering is to provide a single solution that eliminates duplicate data entry, increases visibility into client information and makes it easy to take action. Our clients can respond to client requests and conduct regular portfolio management tasks with new levels of efficiency and profitability. The holistic financial picture that ByAllAccounts provides makes our value proposition even stronger."

Customers can take advantage of the all-in-one solution, Advisor®, by contacting Tamarac Inc. 

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:

About Tamarac, Inc.
Tamarac provides institutional level technologies and outsourced portfolio management services to independent advisors. Tamarac Advisor® is an integrated suite of best-in-class portfolio rebalancing, performance reporting and CRM applications - delivered as a single web-based solution. Tamarac has the unique perspective of consulting with thousands of advisors since its inception in 2000 to improve back-office efficiencies and successfully transition RIAs to a superior portfolio management process. 

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