Frequently Asked Questions

What is account aggregation and how does it work?

AllData Advisor aggregates investor information from more than 12,000 data sources to give advisors an accurate, complete and convenient view of an investor's entire financial picture. The technology uses investor provided account data to securely access financial institution systems that house held-away asset data to collect account and transaction information. AllData Advisor also facilitates advisor aggregation, using advisor-provided credentials to access the advisor portals at major custodians.

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Is account aggregation secure? Does it protect investor privacy?

Yes. AllData Advisor sets the industry standard for aggregation security and privacy and takes every security measure possible to protect and secure personal and sensitive data. Here's how investor data is protected:

  • AllData Advisor leverages the same technology that is used by the world's leading financial institutions to safeguard Internet banking and investing portals.
  • User names, passwords, and account transaction data are fully protected through multi-layered technology and the strongest data encryption available.
  • AllData Advisor also provides robust application-level security and physical security and a rigorous auditing process to reduce risks.
  • Investor information is not accessible to any human being - not even CashEdge employees.

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What data is available through aggregation?

AllData Advisor provides access to more than 12,000 data sources, the widest and deepest coverage in the market.
Here's a sampling of the data sources:

  • Deposit Accounts: Checking, Savings, CD and Overdraft
  • Investment Accounts: Brokerage, 401K, 403b, Cash Management, Money Market
  • Mutual Fund and Employee Stock Plans
  • Custodial: Fund & Product Companies, Transfer Agents, Clearing Firms
  • Insurance Annuities: Annuity, Term Life, Universal Life and Whole Life
  • Liabilities: Credit Card, Mortgage, Home Equity and Line of Credit

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Can the data integrate with my existing applications?

Yes. AllData Advisor provides the highest quality and most reliable data available so that it can seamlessly integrate with existing advisor applications, including Albridge, eMoney, MoneyGuidePro, and a growing list of others.

Our rigorous process assures the high-quality data advisors need and the reliability necessary to integrate with other leading advisor applications.

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I am currently manually inputting account information. Why should I switch to account aggregation?

Automated account aggregation will save you time and money, and it will provide you with a more complete, more accurate and more timely view of an investor's financial portfolio. With this holistic view, you can improve the quality of your advice and create an opportunity to capture held-away assets.

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Can I charge fees for advice on held-away assets?

A growing number of advisors across the country are charging for the advice they provide on held-away accounts, such as self-directed 401K plans. However, advisors should check with their broker dealer to determine if this practice is permissible within their compliance structure.

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How can aggregation help me capture held-away assets?

With a holistic view of an investor's financial situation, advisors can offer more-informed advice, tailored to the investor's personal goals - and personal financial situation. This can lead to enhanced investor satisfaction and increased opportunities for improved portfolio performance - together these elements can help advisors make the case for moving assets under their management.

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Is there training and support to help me get started?

Yes. AllData Advisor offers several resources to help advisors become familiar with aggregation and to help introduce it to investors, including ongoing product training and support from our Advisor Consultants, along with frequently asked questions and security and privacy documentation.

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View the AllData Advisor Videos.

Aggregation All-Stars - AllData's top users share their success stories.