LIVEOFFICE AND BYALLACCOUNTS PARTNER TO PROVIDE ONLINE ACCOUNT AGGREGATION TO FINANCIAL ADVISORS NATIONWIDE
February 23, 2004
TORRANCE, Calif. and WOBURN, Mass., February 24, 2004 - LiveOffice Corporation (www.liveoffice.com), the largest web site provider within
the financial advisor community, and ByAllAccounts, Inc. (www.byallaccounts.com), the leading provider of account aggregation services,
today announced that they have formed a partnership to give LiveOffice's 12,000+ customers access to ByAllAccounts' WebPortfolio account
aggregation service.
Through this partnership, LiveOffice will offer WebPortfolio as an add-on to AdvisorSquare, its widely popular financial advisor web site
program. Using WebPortfolio, AdvisorSquare users can:
- Aggregate all of their client accounts in a single online location, regardless of where they are held
- Provide their clients with consolidated net worth and performance reports
- Set and track target asset allocations across managed and "held away" accounts
- Receive email-based alerts to identify asset gathering opportunities
WebPortfolio offers AdvisorSquare financial advisors a variety of benefits, including the ability to:
- Prospect for additional assets within their existing client base
- Provide high quality and more timely information to clients
- Gain a competitive advantage over other advisory firms
- Strengthen their reputation as the trusted advisor and the quarterback in their client relationships
"Over the years, AdvisorSquare has evolved from a standard web site provider into a required online business tool for thousands of financial advisors," said Matt Smith, chief operating officer for LiveOffice. "Partnering with ByAllAccounts signals an important next step in AdvisorSquare's evolution, helping us to provide advisors with the ultimate online wealth management experience."
James Carney, Chairman of ByAllAccounts added, "Account aggregation is rapidly becoming part of the fabric of advisory services offered by wealth management firms. We see this alliance as a way to distribute our solution to a key segment of that market, and to allow our WebPortfolio application to be deployed through LiveOffice's advisor web sites."
About LiveOffice
LiveOffice is a leading provider of software-as-a-service email archiving and Hosted Exchange 2007 solutions, with more than 9,000 clients and a 97-percent client-retention rate. Founded in 1998 and backed by leading private-equity firm Summit Partners, the company has more than 100 employees with deep experience in messaging, including executives and board members from Symantec, Microsoft, FrontBridge and Postini. For more information, call 800.374.2032 or visit www.liveoffice.com. Visit the LiveOffice Blog at http://blog.liveoffice.com.
LiveOffice and its logo are trademarks of LiveOffice LLC. All other company names and products may be trademarks of their respective companies.
