ByAllAccounts' WebPortfolio Enhancements Facilitate More Effective Client-Advisor Communication; Version 2.0 Only Aggregation Tool To Offer Unique Customized Performance Metrics.Business/Technology Editors BOSTON--(BUSINESS WIRE)--Feb. 19, 2002 ByAllAccounts, Inc., provider of sophisticated financial account aggregation Account aggregation is a method that involves compiling information from different accounts, which may include bank accounts, credit card accounts, investment accounts, and other consumer or business accounts, into a single place. and portfolio analysis solutions for financial advisors and their preferred clients, today announced the availability of WebPortfolio 2.0 with added enhancements to the user interface, reporting capabilities and analytics. WebPortfolio is an asset-building solution that provides investment advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and and their preferred clients with on demand viewing and analyzation of aggregated data for all of their investment portfolios within a single, Web-based application See Web application. . "The current volatile market has driven more investors to seek the advice of financial advisors. Aggregation technology coupled with analytic an·a·lyt·ic or an·a·lyt·i·cal adj. 1. Of or relating to analysis or analytics. 2. Expert in or using analysis, especially one who thinks in a logical manner. 3. Psychoanalytic. tools is helping these advisors plan sound financial strategies and manage more complicated portfolios," said Ariana-Michele Moore Moore, city (1990 pop. 40,761), Cleveland co., central Okla., a suburb of Oklahoma City; inc. 1887. Its manufactures include lightning- and surge-protection equipment, packaging for foods, and auto parts. an analyst with Celent Communications. "The new features offered by WebPortfolio 2.0, such as the ability to customize performance metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. and view data for a specified timeframe, clearly shows that ByAllAccounts is aware of the evolving needs of wealth management and will indeed give the firm a competitive advantage." WebPortfolio 2.0 Distinctive Product Features: Customized Benchmarking - WebPortfolio allows an advisor to determine the performance of a client's portfolio as measured to a specific set of the client's personal goals. Only WebPortfolio 2.0 allows an advisor to create customized benchmarks Customized benchmarks A benchmark that is designed to meet a client's requirements and long-term objectives. across asset classes. For example, if a client has 20% of their portfolio in stocks, WebPortfolio applies the equivalent benchmark to 20% of the portfolio, thereby delivering the most accurate rate of return. "As-of" Functionality - Whether an advisor meets with a client on a monthly, quarterly or semi-annual basis, WebPortfolio's "as-of" functionality allows the advisor to create a snapshot (1) A saved copy of memory including the contents of all memory bytes, hardware registers and status indicators. It is periodically taken in order to restore the system in the event of failure. (2) A saved copy of a file before it is updated. of the client's investments at any given point in time, facilitating more effective communication with clients. Statement of Change in Investment Value - This new feature enables the advisor to create a consolidated statement of the client's investments. In a single, simple format, a client sees how his/her portfolio performed over a specific time period. Not only do all client accounts appear in one report, but also the data is presented in a manner that it can be easily manipulated or exported to meet the individual criteria of either the advisor or the client. Archival Function - Through the archival function, portfolios and/or accounts that are no longer used are part of the client's historical performance but not his/her overall net worth. The advisor has access to statistics that enable him/her to represent a more accurate representation of the client's financial picture relative to the initial performance goals. "The ability to measure portfolio performance against a customized benchmark is fundamental in gauging the success of a client's financial strategy," said L. Patrick Gardner, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ByAllAccounts. Pricing and Availability WebPortfolio 2.0 is available immediately. Pricing includes a one-time fee for the license and set-up as well as a quarterly usage fee for unlimited users and accounts. Fees vary depending on the size of the organization and the customization of the solution. About ByAllAccounts, Inc. With offices in Boston and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , ByAllAccounts, Inc. (www.byallaccounts.com) provides financial institutions and their trusted advisors, aggregated data and portfolio analysis solutions, enabling them to build stronger, more profitable client relationships. The company's roster of clients includes such organizations as State Street Corporation, Scudder Investments, 1st Global, CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. Alliance, Evensky, Brown & Katz and WealthTouch. |
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