SOURCE: ByAllAccounts


December 15, 2010 10:39 ET

ByAllAccounts to Host Webinar on Billing on Held-Away Assets

Discussions Will Detail the Ins and Outs of How to Bill on All Your Clients' Accounts

BOSTON, MA--(Marketwire - December 15, 2010) - ByAllAccounts, Inc., the financial advisors' choice for account aggregation, will host a webinar on Thursday, December 16, educating true wealth advisors on the importance and mechanics of billing on held-away assets. 

Advisors clearly seek opportunities to build their business. Most feel confident that revenues will increase in 2011. A recent survey by ByAllAccounts found that 66 percent of advisors surveyed were extremely or very confident about increased revenues, up from 53 percent of advisors surveyed at the beginning of 2010. However, many still grapple with one of the simplest means to increase revenues -- billing on their clients' held-away assets. 

Investors today seek advice grounded in an understanding of their entire financial picture. Indeed there is a greater demand to be a client's fiduciary. True wealth advisors recognize the importance of having a complete view of a client's financial situation, therefore they report and advise on all of these assets, including held-away assets (such as 401(k) or 529 fund). Yet, while the majority advise on all accounts, only 46 percent of advisors surveyed in January said they actually charge for advice on held-away assets.

Participants in the webinar will learn how to proceed in the billing process: how other advisors are billing; where they take fees from; how much they bill; and how they communicate those fees to their clients.

Karla Paxton, ByAllAccounts, Technical Relationship Manager 

Webinar entitled, "Billing on Held Away Assets"

Thursday, December 16, 2010 from 2:00-3:00pm

To register, please visit:

Nearly 90 percent of advisors surveyed agree that it's extremely important to have a complete view of a client's financial situation, and almost as many provide advice on all accounts. Because investors increasingly seek service on all of their assets, and because most advisors often don't bill on held-always due to lack of knowing how to, this webinar will provide step-by-step instructions on the details of billing in order to increase their revenues and improve their services.

For more information on the mechanics of billing on held-away assets:

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. Thousands 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. For more information, visit

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