CashEdge, a provider of financial account aggregation services to brokerages, wealth management firms and financial advisors, has witnessed growth of AllData Advisor – the financial account aggregation solution for financial advisors as well as growth in the company’s wealth management services.
It has claimed that over the past year, CashEdge has increased its number of relationships with broker dealer and registered investment advisors (RIAs) by more than 80% through its various financial services channels. Through its relationships with these firms, the number of advisors who are eligible to access AllData Advisor has increased by 75% since July 2008.
CashEdge has claimed that it has implemented a number of changes to improve the data quality and reliability of AllData Advisor over the past year. During the third quarter of 2009, CashEdge is expected to release additional enhancements that further augment the usability and functionality of AllData Advisor while creating additional ways for advisors to subscribe to the solution.
LeGrand S. Redfield, founder and CEO of Asset Management Group, said: CashEdge’s AllData Advisor enables us to see a client’s complete financial situation and understand their unique financial goals. This allows us to develop and deliver the best possible advice to help our clients preserve and grow their wealth.
