Back in the day, I convinced ByAllAccounts to allow me to configure its account aggregation service for dbCAMS+ portfolio management software from FCSI, Inc.
At the time, the ByAllAccounts-to-dbCAMS connection wasn’t 100% official as there were some behind-the-scenes issues with data relationships and configuration concerns. Also, dbCAMS users had to pay an annual fee to FCSI in order to use ByAllAccounts’ aggregation, and that fee was on top of the normal fees charged by ByAllAccounts.
Nevertheless, I demonstrated my engineering aptitude and ability to troubleshoot good enough to convince ByAllAccounts to allow me to use their service with CAMS. It was a good decision on their part as it led to a few new contracts for ByAllAccounts as I demonstrated my success to other CAMS users.
Finally, ByAllAccounts today announced an agreement with Morningstar, Inc., to provide enhanced access to aggregated client account data for users of Morningstar® Principia® CAMS (formerly dbCAMS). In addition, users of CAMS no longer need to pay an annual access fee in addition to the ByAllAccounts fees. That is a positive development for everyone.
Click here to view the Marketwire press release ByAllAccounts Offers Enhanced Account Aggregation to Morningstar Principia CAMS Users.
