Why We Bought An Account Aggregation Company


Providing a great solution, having an expert sales team, and creating valuable marketing content are not the only ways to grow a company. Mergers and acquisitions are another way to expand customer reach and increase market share. Large companies in the wealth management and fintech industry do something that makes perfect business sense for us when it comes to growing an advisor-focused offering business solution. And that is acquisitions.



Orion bought Redtail because Brian McLaughlin and his talented team are absolute rockstars in the wealth management industry and have a fantastic CRM solution that complements the Orion juggernaut.

FMG bought Vestory because AI is really a thing that can help to deliver a more tailored content experience for investors.

InvestCloud bought Advicent because they have 140,000 customers!

Docupace bought PreciseFP because filling out paper forms is a hassle.

Franklin Templeton bought Advisor Engine because they evolve their digital offering or risk becoming a dinosaur. Does anyone remember the last time E.F. Hutton called?

For AllBackoffice, another way to continue our momentum of growth is through this same strategy - acquisitions. By acquiring Aqumulate, an account aggregation company designed to support financial advisors and fintech companies, AllBackoffice can diversify while offering advisors and the financial service industry at a large greater value. We believe account aggregation can not only be better, but the support model and strength of institution connections can be more reliable. Our ability to offer proactive, one-on-one end-client support for troubleshooting aggregation connections that disconnect is unmatched. Our account aggregation API allows any service provider in the wealth management industry to integrate feeds from thousands of financial institutions in 4 weeks, not 6 months. All while receiving white-glove service and support from our team of tech and operations specialists.



Background on AllBackoffice

AllBackoffice has provided back-office operations and administrative solutions to financial planners and RIAs for more than 13 years. Our core focus is helping financial advisors maximize productivity and achieve their goals while growing their practice. We do this by taking on the daily operational and administrative work of an RIA firm, so the financial advisors and their staff can maximize productivity by focusing on what they love and do best.

Our team of highly skilled wealth management operations experts, each with different skillsets and experience, along with their account managers deliver:


· Operations

· Compliance administration

· Quarterly performance reporting and billing

· Client requests

· New client onboarding

· Marketing

· IT Services, Implementation, & Support

· PortfolioCenter Management Services (e.g., daily downloads, posting, reconciliation)

· … And much more!