White Papers
- The Need For Consolidated Reporting
- Our Data Aggregation Advantage
- *NEW* The Custody Conundrum
- What is Account Aggregation White Paper
- Advent/ByAllAccounts White Paper
- Seven Steps To Consolidated Reporting
- Choosing an Aggregation Solution
Wealthy clients tend to have multiple banking and investment relationships, and their advisors face the increasing challenge of meeting client demands and — most critically — growing assets under management. Today’s sophisticated technology gives advisors the means to collect and process data necessary to offer clients consolidated reporting, yet many advisors still report on only a subset of their clients’ assets despite these advancements. This paper describes consolidated reporting and how it is achieved today, examines the business drivers motivating advisors to offer the service, and measures the return on investment for an advisor contemplating the implementation of a solution.
Simplistic account aggregation can only “cut and paste” information by collecting it and reformatting it to be presented in a consolidated format, sometimes referred to as “Screen Scraping”.
ByAllAccounts’ unique database building process delivers the specific information that is required for investment analysis via a four-step database building and learning process:
Step 1: Data Gathering
Step 2: Data Normalization
Step 3: Semantic Integration
Step 4: Business Logic
This process allows us to understand transactions and cash flows and create asset and sub-asset classes.
