LAWRENCEVILLE, N.J.,
Oct. 5, 2015 /PRNewswire/ --
Albridge, an affiliate of Pershing LLC, a BNY Mellon company, today
announced the integration of Morningstar®
ByAllAccountsSM service into its Albridge Wealth
Reporting platform. The integration gives advisors more robust data
through Morningstar ByAllAccounts, which aggregates all of the
information from a client's various accounts, including those that
the advisor does not manage such as 401(k) and other held away
assets.
"Many advisors face the obstacle of seeing only the assets they
manage, this can prevent them from serving clients holistically,"
said Anthony Johnson, director at
Albridge. "Integrating the Morningstar ByAllAccounts service into
the Albridge Wealth Reporting platform gives advisors increased
levels of visibility of their clients' financial pictures. Having a
more complete view of a clients' financial picture may allow
advisors to provide more effective interactions."
The integration augments the Albridge Wealth Reporting platform
by aggregating data from an additional 13,000 sources. Data from
Morningstar ByAllAccounts can be used with Albridge's Applink,
which enables clients to share information between Albridge Wealth
Reporting and a multitude of applications, including
Morningstar® Advisor WorkstationSM, and
third-party financial planning, client relationship management, and
analytics tools.
"According to a recent CEB Tower Group study, 64% of highly
successful advisors provide consolidated reporting on all of a
client's assets, including "held away" assets like IRAs or spousal
accounts, both in monthly statements and through their website,"
says James Carney, head of
ByAllAccounts. "The integration of our service with Albridge is an
extension of our belief that that the ability to choose any
platform or investment vehicle is a fundamental requirement for
advisory firms and their account holders."
Albridge's implementation of ByAllAccounts is currently in pilot
and is expected to fully launch in the fourth quarter of this year.
The addition of this service gives advisors more choice of data
aggregation solutions to choose from on Albridge Wealth Reporting,
which also offers data aggregation services from CashEdge.
Morningstar ByAllAccounts' integration into the Albridge Wealth
Reporting platform builds on the deep integration Albridge has
developed with nearly 50 of the leading technology solution
providers in the marketplace. Other solutions that have recently
been added to the platform including FDBS, which offers a
commissions solution, Advicent, which is integrating Albridge data
and offering advisors a choice of three separate portfolio
management tools appropriate for a diverse client set and
Riskalyze, which provides an enterprise suitability product.
For more information visit www.albridge.com
About Albridge
Albridge, an affiliate of Pershing LLC,
is a leading provider of enterprise data management solutions that
deliver a single view of an investor's broad range of assets. Our
proprietary technology consolidates and reconciles client account
and transaction data from hundreds of data sources representing
banking, brokerage, insurance, retirement, managed accounts and
more. Albridge processes this cleansed data and uses it to power a
variety of downstream technology solutions, including performance
reporting, sales practice monitoring, data warehousing, business
intelligence, imaging and workflow. Albridge provides the
foundation for financial organizations to leverage a single source
of information to power a number of mission critical technology
applications. Additional information is available at
albridge.com.
About Pershing
Pershing and its affiliates provide
global financial business solutions to advisors, asset managers,
broker-dealers, family offices, registered investment advisor firms
and wealth managers. A financial services firm located in 23
offices worldwide, Pershing provides business-to-business solutions
to clients representing 6 million active investor accounts on the
U.S. platform. Pershing affiliates are members of every major U.S.
securities exchange, and its international affiliates are members
of the Deutsche Borse, Australian Stock Exchange, Irish Stock
Exchange, London Stock Exchange and Toronto Stock Exchange.
Pershing LLC (member FINRA/NYSE/SIPC) is a BNY Mellon company.
Additional information is available on pershing.com, or follow us
on Twitter @Pershing.
About BNY Mellon
BNY Mellon is a global investments
company dedicated to helping its clients manage and service their
financial assets throughout the investment lifecycle. Whether
providing financial services for institutions, corporations or
individual investors, BNY Mellon delivers informed investment
management and investment services in 35 countries and more than
100 markets. As of June 30, 2015, BNY
Mellon had $28.6 trillion in assets
under custody and/or administration, and $1.7 trillion in assets under management. BNY
Mellon can act as a single point of contact for clients looking to
create, trade, hold, manage, service, distribute or restructure
investments. BNY Mellon is the corporate brand of The Bank of New
York Mellon Corporation (NYSE: BK). Additional information is
available on www.bnymellon.com. Follow us on Twitter @BNYMellon or
visit our newsroom at www.bnymellon.com/newsroom for the latest
company news.
Contact:
Cassandra Osei
+1 201 413 3394
cassandra.osei@pershing.com
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SOURCE BNY Mellon