SOURCE: ByAllAccounts


August 02, 2010 09:00 ET

ByAllAccounts and Total Rebalance Expert (TRX) Offer Financial Advisors Holistic Approach to Rebalancing

Partnership Pairs Comprehensive Gathering of Financial Account Data With Automated Account Rebalancing Capability

BOSTON, MA--(Marketwire - August 2, 2010) -  ByAllAccounts, Inc., the financial advisors' choice for account aggregation, today announced a partnership with Total Rebalance Expert (TRX) that gives financial advisors an affordable, efficient and seamless solution for rebalancing client accounts. The integration removes the time-consuming and costly steps of manually receiving and processing data from outside custodians, enabling RIAs to further automate account processes and focus on growing assets under management.

Parker Financial Advisors, one of the first advisory firms to deploy the joint ByAllAccounts/TRX solution, has already realized significant benefits. Among the benefits cited by Parker include:

  • Time and cost savings from not having to manually handle transaction data
  • Reduced risk of disclosing sensitive client information -- it doesn't retain online user names and passwords
  • Immediate increase in assets under management because they can now advise on held-away assets
  • Extended client tax benefits since held-away assets are now part of total asset allocation
  • More holistic advice because all assets are accounted for
  • Daily instead of monthly account review
  • More accurate data because there's not data reentry

According to a recent ByAllAccounts Advisor Technology Survey, re-balancing/asset allocation is among the top five technology solutions deployed in-house or through an application service provider. More than one third of advisors is bringing account-level data into their re-balancing/asset allocation software, and of that number 54 percent are doing so daily. The partnership between ByAllAccounts and TRX makes this even easier, enabling advisors to use account aggregation to populate the TRX rebalancing software with data on all a client's accounts, including those under their supervision and/or held-away assets overseen by outside custodians. This will increase the total assets on which they advise and, in turn, increase the total revenue per client.

"As a result of integrating data retrieval with ByAllAccounts and portfolio reallocation with TRX, we've added significant new assets under management and improved client satisfaction with enhanced portfolio coordination," said Charles Parker of Parker Financial Advisors. "In addition, we've been able to lower our administrative costs and, equally important, lower our daily stress."

"TRX enables advisors to automate time-consuming steps that too often take them away from serving clients and growing their business," said James Carney, president of ByAllAccounts. "Adding account aggregation not only takes out hours of manual data entry and processing, it also ensures that advisors can provide asset allocation advice that is more timely, more holistic and, most important, more valuable to clients."

About Total Rebalance Expert (TRX)
TRX software, available commercially in 2009, is a rebalancing software solution designed to bring portfolio management to a new level with features such as Analysis Expert and Tax Loss Harvesting, both at the touch of a button. The speed at which meaningful decisions can be made enables Advisors to significantly grow their practices because they can serve more investors, delivering very high-quality services. Learn more at

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 $175 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.

Contact Information

  • Scott Bauman
    Greenough Communications
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    Cynthia Stephens
    781 376 0801 x 130
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