AllData® for Financial Advisors
Financial Account Aggregation for Financial Advisors
A financial advisor's goal is always to provide the best financial guidance possible to increase the performance and return of clients' assets. Better financial guidance increases client satisfaction, positions the advisor as a trusted partner and improves the opportunity to ultimately capture an increased share of assets from their clients. CashEdge's account aggregation service, AllData® for Financial Advisors (AllData), greatly facilitates this process.
AllData offers wealth management firms and advisors a convenient, secure, and cost-effective way to see a holistic view of client assets and liabilities, enabling the development of solid, well-informed investment strategies that are based on accurate and real-time information regarding a client's entire financial picture - including assets "held-away" in self-directed brokerage accounts, retirement plans and major liabilities such as mortgages or even credit card debt.
Key Features:
- Enhanced Opportunity to Increase Assets under Management: Provides access to a holistic view of a client's financial picture, creating the opportunity to provide superior financial guidance and increase assets under management.
- The Widest and Deepest Aggregation Coverage Available: Offers easy consolidation of account information, including banking, investment, retirement, insurance, credit card, mortgage, loans, and bill information, as well as hard-to-access assets, such as life insurance, annuities, and REITs without the hassle of dealing with duplicate client statements.
- Unmatched Security: Leverages the same technology that is used by the world's leading financial institutions to safeguard internet banking portals, so advisors and clients can be sure their data is protected.
- Reliable Data: Supplies detailed and accurate data on investment positions and transaction information that is updated daily and that advisors can count on.
- Easy Access to Institutional Custodians: Aggregates an advisor's entire book of business from an advisor portal, including mutual funds, RIA platforms, annuities and insurance data.
- Simple Investor Set-Up: Enables fast and simple account setup with a positive experience for investors and advisors.
- Integrated with Leading Advisor Applications: Integrates with leading wealth management platforms, such as Albridge, eMoney Advisor and MoneyGuidePro.
Benefits for Wealth Management Firms and Broker/Dealers
- Help advisors increase total assets under management
- Enable advisors to grow assets for each individual client
- Increase client and account retention
- Allow advisors to differentiate themselves in a competitive market by offering a comprehensive advisory service to their investor clients
- Add significant value to software that advisors are already using today
- Increase up-selling and cross-selling opportunities
- Recruit new, sophisticated advisors
Benefits to Advisors
- Increase total assets under management
- Grow assets for each individual client
- Provide well-informed investment strategies for clients based on a holistic view
- Become the primary trusted financial advisor
- Increase client trust, satisfaction and retention
- Do away with manual input of data from paper statements
- Learn how a client's other assets are performing against those you manage
