manage Rule 206 (4)-2

ByAllAccounts enables financial advisors to electronically aggregate and view client account data without taking custody of the client funds

Have a problem?

What drives your practice?  Do you want to provide financial advice on held-away assets?  For those who want to provide financial advice on held-away assets, you have a choice to accept custody of the clients’ funds/ securities and the requirements that the SEC’s custody rule 206(4)-2 impose, or seek alternatives.

We have a solution.

Our compliance edition provides a secure and cost-effective way to benefit from account aggregation without taking receipt of client login credentials, thereby eliminating custody of those financial assets. 

You invite your clients to enter their login credentials using a secure web-based interface.  Once set up, our patented data aggregation engine gathers information from thousands of sources and multiple formats, normalizes it, and delivers it in a usable form to your back office.

Is this solution right for you?  It is if you want to:

  • Allow your clients to enter their logins, passwords and security questions/answers for all custodians
  • Integrate seamlessly with all of the most popular wealth management platforms
  • Provide a secure, consolidated client record, easing compliance and mitigating risk.  
  • Potentially eliminate a costly surprise examination of financial assets by an independent CPA
  • View custodian source data to address data reconciliation questions without having client login credentials
  • Improve workflow and save time by eliminating manual entry of held-away account information into a back-office system from statements

What will I receive?  We:

  • Electronically gather transactions, positions and balances overnight (those under management, under supervision or monitored and held away)
  • Translate the data into a format suited for the needs of your specific back office application using our patented technology
  • Provide an ability to exclude transactions or positions reported by the custodian from being delivered to your portfolio accounting system. 
  • Deliver personalized training for you and your team to get you up and running quickly 
  • Test the custodian sites where your clients’ data is held to ensure the maximum quality that you’d expect from us
  • Provide an account manager to work with you as your business grows and your needs change
  • Account access which permits your clients to enter their credentials into the interface directly
  • Admin tool that provides the ability to obtain account data to research reconciliation exceptions without authorizing you to directly access the investor’s account
  • Unmatched data gathering capability.  Offers trade or settlement based data gathering.  Multi-currency information and non-US security identifiers also available.
  • Deliver free, unlimited access to client-only educational programs, designed to help you save administrative time and costs, grow revenues and provide exceptional service to clients