ByAllAccounts

The core of the business is a data aggregation service that automatically collects, consolidates, and enriches financial account data from a vast network of sources. This service provides financial institutions with reconciliation-ready data, enabling them to handle tasks like performance analysis and consolidated reporting more efficiently. The technology leverages a hybrid model of rules-based methods and machine learning, including patented artificial intelligence, to gather and transform both structured and unstructured financial data from over 15,000 sources. This process eliminates the need for manual data entry, thereby reducing operational risk and freeing up advisors to focus on client-facing activities.

The company serves a diverse client base that includes independent financial advisors, asset managers, wealth management firms, family offices, trust companies, and broker-dealers. Its open architecture allows the aggregated data to be delivered to a wide array of third-party platforms, such as portfolio management, compliance, reporting, and client relationship management (CRM) systems. Revenue is generated by providing this essential data infrastructure to the financial industry, positioning itself as a key connector for firms that require a holistic view of their clients' assets, which may be held across multiple custodians and financial institutions.