Investorsâ held-away assets comprise up to 58% of their portfolios on average. Albridge Data Aggregationâ¢ powered by CashEdge, delivers information on clientsâ held-away assets to subscribers of the Albridge Wealth Reporting solution. The aggregation tool consolidates comprehensive financial data from over 9,000 sources. It extends the capabilities of Albridge Wealth Reportingâ¢, the portfolio accounting and performance reporting tool already adopted by over tens of thousands of financial advisors. This aggregation service enables advisors to view and report on their clientsâ held-away assets, including retirement, wirehouse brokerage, and bank accounts. Albridge Solutions and CashEdge created this joint offering in response to the growing demand from advisors for comprehensive views of their clientsâ assets for planning and portfolio management.
"Revealing a holistic view of our clientsâ financial picture is essential to providing them with effective financial planning and asset management services," says Lon Dolber, CEO of American Portfolios Financial Services, an early adopter of the Data Aggregation service. "The combination of Albridgeâs data consolidation and new aggregation capabilities gives us a distinct advantage in the breadth of client information our advisors can access."
Albridge Data Aggregation is available to broker-dealer and Registered Investment Advisor users of Albridge Wealth Reporting.