Media Coverage
For product videos, profiles of real success stories, and executive summaries of the competitive advantages of account aggregation for broker-dealers and advisors, check out our media coverage and resources.
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March 6, 2011
How Technology Can Convert Do-It-YourselfersBy: Davis D. Janowski
Financial advisers continue to amaze me with their ability to harness technology to do business in new, creative ways. Take Michael Black, a solo practitioner in Scottsdale, Ariz., whose firm, Michael Phillips Black Wealth Management, manages $75 million in assets. Mr. Black, whom I first interviewed two years ago about his use of account aggregation [...]
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January 31, 2011
Charging For Advice On “Held Away” AssetsBy: Thomas Coyle
Many wealth managers take account of clients’ assets housed at outside institutions for free in order to provide better counsel on the in-house holdings they get paid to mind. Now, some are taking the next step and charging for advice on this “held away” money. Three quarters of financial advisers provide advice on assets they [...]
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November 29, 2010
Partners for PFM’s Next ChapterBy: John Adams
Portals that provide personal or peer financial and spending data like Mint, Geezeo and Bundle have proven to be good at generating industry buzz and attracting big investors, but with that attention has come the realization that the sites have content and navigation limitations that will need to be addressed in order to maintain and [...]
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August 2, 2010
CashEdge to provide Jack Henry & Associates with online financial management toolCashEdge, a US provider of online money transfer services, has partnered with Jack Henry & Associates, a provider of computer systems and ATM processing services, to integrate its AllData service with the latter’s OurCashFlow application supported by the NetTeller online banking platform. The combination of AllData aggregation service and OurCashFlow is expected to enable Jack [...]
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July 22, 2010
Jack Henry Partners with Pair of PFMsBy: Marc Rapport
Jack Henry & Associates has inked a pair of strategic partnerships to market personal financial management (PFM) solutions to its customer credit unions and banks. They are the FinanceWorks product from Intuit Financial Services and OurCashFlow from Lodo Software Inc., the company said, adding that the latter uses aggregation services from CashEdge, calling for a [...]
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June 8, 2010
WEALTH ADVISER: Facing The Competition–
Whatever It May BeBy: Charles Passy
By: Charles Passy In most industries, it’s easy for a company to identify the competition. Coca-Cola keeps its eye on Pepsi. McDonald’s never loses sight of the (Burger) King. In the financial advisory field, “competition” is proving much harder to peg of late. Advisers do compete with one another for clients. But in an ever-turbulent [...]
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May 20, 2010
Achieving a whole financial picture in Axys and APXBy: Susan Town
Comprehensive financial advice often begins with a whole picture view of a client’s assets. Frequently this can include assets that are “held-away” from an advisor’s management. “Held-away” assets can be varied and may consist of other managed accounts, retirement accounts, alternative investments, and bank accounts. In order to compile and update data that is not [...]
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April 11, 2010
Integration means different things to different vendors – and advisersBy: Kerri Russ
A technology consultant recently observed that many of his clients were obsessed with integration. I would have to agree. Integration is on the agenda at practically every adviser-related conference I attend, perhaps because advisers have whipped themselves into a frenzy over the interaction of all their tools. In fact, whenever advisers discuss technology, someone will [...]
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February 19, 2010
CashEdge Tries for Simpler AggregationBy: Daniel Wolfe
CashEdge Inc. has begun offering a version of account aggregation that it says is simpler to deploy with complex financial software. Aggregation is typically the means of bringing data into the personal financial management tools offered to online banking users. For example, the New York vendor’s aggregation system supplies data to Geezeo Inc.’s online banking [...]
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December 21, 2009
News from the account aggregation frontBy: Davis D. Janowski
I met with Tom Roberts last week; he’s the general manager of wealth management at CashEdge Inc. I’ve been fascinated with automated client data aggregation technology, which is what CashEdge has provided for years now. It seems like such a no-brainer for advisers who want to build their practices because it gives them a window [...]
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December 1, 2009
CashEdge Inc. Enhances Data ProgramBy: Sherri Scordo
CashEdge Inc., a company that provides account aggregation services, is launching an enhanced version of AllData Advisor, which allows financial advisors to have a complete view of client assets and liabilities so they can deliver more targeted and personalized financial guidance. AllData Advisor aggregates bank, investment, retirement, insurance, credit card, mortgage and annuities data. It [...]
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November 16, 2009
NEW PRODUCTS: Software, Hardware & ServicesAllData Advisor CashEdge Inc. www.alldataadvisor.com Clients are tricky to keep track of – they’re always flitting off to mess up their financial lives with badly timed purchases and harebrained investments. But if you can’t nail down your clients, you can at least get a better idea of the damage they’re doing with an account aggregation [...]
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November 6, 2009
Self-service account aggregation from CashEdgeBy: Davis D. Janowski
CashEdge Inc. is now making its AllData Advisor account aggregation service available to financial advisers via a self-service online subscription. Tom Roberts, senior vice president and general manager of wealth management for CashEdge, said the company has seen increased interest from independent advisers, especially registered investment advisers, for direct access to its CashEdge product. “We [...]
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October 8, 2009
Data Aggregation ReduxBy: Joel P. Bruckenstein
Of all the technology product niches I cover, perhaps none has been more vexing over the years than account aggregation. Aggregation has met with modest success on the retail side, but it has never really caught on in a big way with advisors. According to the 2008 Financial Planning Magazine Software Survey, 75% of respondents [...]
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September 1, 2009
Aite Group Names AllData Advisor “Top” Advisor SolutionIn its recent Holistic Wealth Management Report: New Strategies in Account Aggregation, the Aite Group reported on its 2008 comprehensive survey of aggregation solutions for advisors. The following table summarizes their assessment of the strengths and weaknesses of AllData Advisor. Pros By number of sources supported, AllData Advisor is among the leading providers of account [...]
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June 14, 2009
Financial advisers sing the praises of account aggregation servicesBy: Davis D. Janowski
Despite set-up glitches, most find the technology boosts productivity When introduced about a decade ago, account aggregation was touted as a major adviser solution. The promise was that it would provide a holistic view of all a client’s assets, no matter where they were held, and allow financial advisers to produce comprehensive financial plans. Early [...]