About ByAllAccounts
ByAllAccounts is a data aggregation software from Morningstar, Inc. that provides comprehensive financial account reporting. It includes account aggregation, data reconciliation, and performance reporting so clients can access consolidated investment information. ByAllAccounts helps financial advisors obtain up-to-date financial data from various sources, ensuring more accurate portfolio assessments. The platform supports integration with popular financial software and allows for customized reporting options to fit specific client needs. Key capabilities: Account aggregation Data reconciliation Performance reporting Integration with financial tools Customizable reporting Best for: financial advisors that need consolidated investment data for their clients.
Morningstar’s ByAllAccounts platform is a comprehensive data aggregation and analytics solution tailored specifically for the wealth management ecosystem. Designed to simplify financial data collection, it provides a single connection to a vast network of custodial and financial data sources, covering over 1,200 custodial feeds, 50+ wealth platforms, and 70+ redistributors. This breadth of integration allows advisors, wealthtechs, and financial data providers to access, consolidate, and analyze data efficiently, eliminating costly custom integrations while enhancing operational efficiency. For advisors, ByAllAccounts enables a complete view of multi-custodied client portfolios, supporting both advisor-permissioned and client-permissioned aggregation. This empowers financial professionals to deliver personalized, actionable insights, from performance reporting and portfolio analytics to financial planning and compliance monitoring. The platform enriches raw data with investment attributes such as asset allocation, sector exposure, and style boxes, ensuring that reporting and recommendations are precise and insightful. Wealthtech firms benefit from seamless integration into existing platforms, while financial data providers can distribute their data across an extensive network, extending their reach.
Pros & Cons
- +Automatic daily updates once accounts are linked.
- +Easy and intuitive interface for tracking client funds and accounts.
- +Simplifies entry and monitoring of transactions, reducing errors.
- +Useful for small businesses to manage simple transactions effectively.
- +Helpful for financial experts to oversee certain business aspects efficiently.
- −Setup can be complex and requires time.
- −Data is occasionally inaccurate or inconsistent.
- −Customer support can be slow or unhelpful, especially regarding integrations with Office.
- −Limited client-side accessibility; clients cannot always interact with the software from home.
- −Can feel clunky or less streamlined at times.
Features
Key features
- Data Aggregation - Centralized access to financial data from multiple custodians, wealthtech platforms, and redistributors.
- Premium Portfolio Analytics - Enrich data with attributes like region, asset allocation, sector exposure, and style boxes.
- Data Integration Service - Simplifies adding firm data to feeds for wealthtech platforms and daily reporting.
- Open Banking & Open Finance - Supports consumer and enterprise financial data access.
- Security and Privacy - Protects sensitive financial information across integrations.
- Proprietary Enrichment and Matching Services - Enhances accuracy and usability of aggregated financial data.
- Adaptable Output - Customizable for receiving systems to suit various reporting or analytics needs.
- Wealthtech Integrations - Deep integration with over 50 platforms, 70 redistributors, and 16,000+ advisors.
Additional features
- Complete Data Coverage - ~1,200 custodial sources, supporting multicustodied advisors and multi-advisor firms.
- Reporting - Transaction-level data for precise returns calculation and portfolio reporting.
- Portfolio Analytics - Insights into holdings, risk, spending habits, and cash flows.
- Financial Planning - Aggregated data supports personalized investment proposals.
- Compliance Management - Trade compliance and conflict-of-interest monitoring.
- Financial Wellness Tools - Digital tools for clients to view their full financial picture and guidance.
- Wealth Data Network - Single connection to an extensive aggregation network for efficient data distribution.
- Integration with Morningstar Products - Leverages Morningstar analytics, indices, and insights.
- Client & Advisor Usability - Easy account linking for clients and comprehensive visibility for advisors.
Pricing
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Interface languages
Billing currencies
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About ByAllAccounts
ByAllAccounts is a data aggregation software from Morningstar, Inc. that provides comprehensive financial account reporting. It includes account aggregation, data reconciliation, and performance reporting so clients can access consolidated investment information. ByAllAccounts helps financial advisors obtain up-to-date financial data from various sources, ensuring more accurate portfolio assessments. The platform supports integration with popular financial software and allows for customized reporting options to fit specific client needs. Key capabilities: Account aggregation Data reconciliation Performance reporting Integration with financial tools Customizable reporting Best for: financial advisors that need consolidated investment data for their clients.
ByAllAccounts Details
ByAllAccounts's In-App Market Place
Does ByAllAccounts have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), JPY (¥), AUD (A$), CAD (C$), CHF (CHF), CNY (¥), SEK (kr), MXN (Mex$), SGD (S$), HKD (HK$)
Pros & Cons
- Automatic daily updates once accounts are linked.
- Easy and intuitive interface for tracking client funds and accounts.
- Simplifies entry and monitoring of transactions, reducing errors.
- Useful for small businesses to manage simple transactions effectively.
- Helpful for financial experts to oversee certain business aspects efficiently.
- Setup can be complex and requires time.
- Data is occasionally inaccurate or inconsistent.
- Customer support can be slow or unhelpful, especially regarding integrations with Office.
- Limited client-side accessibility; clients cannot always interact with the software from home.
- Can feel clunky or less streamlined at times.
ByAllAccounts's Support Options
Email Address
byallaccounts-support@morningstar.comContact
+1 866 856-4951ByAllAccounts's Alternatives
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