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ByAllAccounts Awarded Patent for Financial Portfolio Management Technology

Tuesday, January 19, 2010

Advisors' Desire to Differentiate Fuels ByAllAccounts' Record Growth in 2009

Boston, MA -- ByAllAccounts, Inc., the leader in financial account aggregation for professional use, today announced it has been awarded a patent for its "Financial Portfolio Management System and Method". The patent caps a highly successful 10th year for the company, a year that saw more than $100 billion in Assets under Aggregation flow through its services, up 100 percent from 2008.

ByAllAccounts' services are the first designed to improve advisor workflow and time management by bridging the data gap between the online account information available to financial advisors and the accurate, consolidated, reconciliation-ready data they need. The company's unique service gathers, assembles, and delivers financial information unrestricted by original data format, source institution, or account volume.

The recently awarded ByAllAccounts patent spotlights the company's expertise in gathering complete information from thousands of sources and delivering this information in a usable form to a financial advisor's back office (regardless of whether the assets are under management, under supervision or monitored and held-away).

As data sources have proliferated and financial advisors' needs for a competitive advantage have grown, ByAllAccounts' business has expanded significantly. With services focused purely on advisors' need for data more consistent and complete than what online personal finance services can provide, the company's revenues increased 87 percent over the past two years and 33 percent in 2009.

"When we founded the firm, we developed our approach for aggregating financial data specifically to help advisors become the trusted advisor to their clients," said James Carney, president and CEO of ByAllAccounts. "This patent underscores our commitment to providing advisors access to reliable, accurate, reconciliation-ready account information. Our service delivers an on-demand, consolidated picture of assets so advisors can make more effective recommendations and gain a competitive advantage."

About U.S. Patent No. 7,640,200

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.

For more information regarding ByAllAccounts, please visit:

About ByAllAccounts, Inc.

ByAllAccounts has been gathering and delivering professional use, reconciliation-ready data to investment management and advisory firms since 1999. Using innovative technology, we provide unparalleled access to reliable, accurate financial account data from thousands of custodians and enable efficient and timely account reconciliation, performance analysis and consolidated reporting. We help our customers build stronger, more profitable relationships by providing timely, personalized levels of service and better advice based on a more complete understanding of their clients' assets. For more information about ByAllAccounts, Inc. solutions, please call 781.376.0801, email, or visit

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