ByAllAccounts, the data aggregation firm, is keenly focused on helping investors better collaborate with their advisors, as interest in financial consultants grows among the emerging wealthy and affluent.

Indeed, CEO L. Patrick Gardner of ByAllAccounts told MFWire.com that the firm has lined up an additional three-to-four new clients for its flagship WebPortfolio product, which incorporates data consolidation and analytic functions. He plans to discuss those new clients in more detail in the coming weeks. Some 25 clients have signed on to utilize the WebPortfolio program thus far, according to Gardner.

One such client of the Boston-based firm is Creative Financial Designs (CFD), a Registered Investment Adviser, which reports that it has added $14 million in new assets and eliminated hundreds of hours of manual data entry in the first two months of using the program.

"We understood the power of WebPortfolio as a way to build our business," said Brent Owens, president of CFD Investments. "We originally committed to WebPortfolio because of its ease of use and its ability to automatically gather data and provide a holistic view of our customers' net worth. In just two months the technology has not only paid for itself by increasing assets under management by $14 million, but we expect, in six months, WebPortfolio will help us generate an additional $15 - 20 million in new assets." 

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