Investment Advisor
April 1, 2007
In the Pipeline
In his article on the state of aggregation, Bob Huebsher references CashEdge's relationship with StatementOne integrate data through their PMS system. "For example, advisors can use ByAllAccounts to feed transactions and positions into a PMS system (Advent currently and Centerpiece soon) for those custodians that do not offer an interface. StatementOne, a leading PMS vendor in the independent broker/dealer market, has teamed with aggregation vendor CashEdge to provide a similar offering." "These solutions are targeted to advisors who already have internal resources dedicated to manually entering data from custodians. Eliminating or drastically reducing this manual entry problem creates the clear value proposition that was previously missing. So, while coverage and technology maturity problems still exist, the snowball is slowly gaining momentum, and aggregation may soon be the breakthrough solution that turns ordinary advisors into trusted advisors."