Archive for the ‘CashEdge’ category
Neuralus, an online budgeting software used by financial advisors that analyzes bank and credit card transactions, is now integrated with CashEdge’s AllData account aggregation solution. Another indication that the demand is growing for integrations with account aggregation providers.
You can read the press release here
ByAllAccounts, a leading provider of account aggregation to financial advisors and wealth managers, was awarded a patent for their method of aggregating and downloading financial data.
According to the release:
“ByAllAccounts was awarded a patent for the company’s “Financial Portfolio Management System and Method” on December 29, 2009. The patent is directed to ByAllAccounts’ technology for retrieving financial information from various institutions by automatically logging in and downloading the data. ByAllAccounts can retrieve data from multiple institutions in multiple formats. The company’s service normalizes the retrieved financial information and generates a financial portfolio, bringing together the status and details of all of the financial accounts associated with an individual investor.”
Congratulations to James Carney and his team. You can read the press release here
As an aside, you may recall Yodlee and CashEdge settled a lawsuit in 2007 after Yodlee claimed CashEdge infringed on their data aggregation and funds transfer patents.
Over the last year, ongoing market volatility has created a revived demand for account aggregation to help facilitate smart financial decisions for clients. So, to help shed some light on the aggregation options available to advisors, I’m going to offer you a quick overview of three of the leading account aggregation vendors in the independent advisor space – Advisor Exchange, ByAllAccounts, and CashEdge.
All three vendors offer a whole new paradigm in data aggregation and offer financial advisors a way to increase productivity, improve operational flexibility, and reduce costs. Simply, in addition to providing the dynamic account aggregation technology you need for a comprehensive view of your clients’ total portfolio, including assets that are held-away, these vendors can “push” aggregated client data into third-party applications you uses to run you business, eliminating the time spent manually collecting and entering financial account information. And that means more time in front of your clients.
The innovative, integrated approach offered by these vendors continues to win accolades from their clients, some of which are the most well-known wealth management firms in the financial services industry, for delivering innovative tools, ease of use, and flexibility to integrate the data into 3rd party applications. » Read more: Account Aggregation Vendors – A Quick Guide
CashEdge polled 120 financial advisors regarding their views of account aggregation. And the results suggest that aggregation is moving higher up the list of ‘must have’ technologies for financial advisors and their firms.
Read the full press release here
CashEdge made a splash recently by launching AllDataAdvisor, an account aggregation solution for financial advisors. While the core of their business is still rooted in developing cutting edge online banking solutions, they are putting forth a much publicized effort to let independent financial advisors know that when it comes to account aggregation technology, they are the 800lb gorilla…. » Read more: CashEdge Is Back In The Advisor Game With AllDataAdvisor