As the saying goes, “two heads are better than one.” 

In this case, it’s the strength of two powerful financial platforms working together to create a consolidated, efficient, and high-quality experience to win the hearts of financial advisors and, subsequently, their clients. This is where ByAllAccounts steps in, revolutionizing the way advisors manage data and interact with their clients through the Direct Advisory Suite. 

“Imagine managing 100 clients, each with a brokerage, a 401(k), and a taxable account. The manual entry of such vast amounts of data into is not only time-consuming but also prone to errors,” said Maeve. “I’m using the power of our aggregation to pull that data in seamlessly so I can actually spend more time being a relationship manager, being an advisor, focusing on a client’s goals and making better investment recommendations, which can be both brokerage and advisory accounts.” 

The goal for an advisor is to balance time getting to know their client’s life goals, risk tolerances, and time horizon while still putting together a strong investment strategy and maintaining a trustworthy brand presence. The ideal divide is approximately 51 percent client-focused energy, 29 percent focus on an investment strategy, and 20 percent focus on operational and brand strategic needs.  

51 + 29 +20 = a 100 percent efficient financial advisor. 

According to Morningstar’s Voice of the Advisor survey, advisors spend 51 percent of their time on operations tasks. Using aggregation gives advisors back time to focus on prospecting and relationship building.