Compliance11 and ByAllAccounts Partnership Revolutionizes Personal Trading Compliance

CHICAGO, Aug. 17 /PRNewswire/ -- Compliance11®, Inc. and ByAllAcccounts today announced a partnership that revolutionizes personal trading compliance. By adding best-in-class account aggregation through ByAllAccounts, Compliance11 customers can now automatically obtain feeds from thousands of brokerages for use in personal trading supervision. The integrated product went live yesterday as part of Compliance11's 2010 Summer Release.

"Integrating ByAllAccounts account aggregation capability with our software changes the face of compliance automation," said Tad Mitchell, Compliance11 President and Chief Operations Officer. "Typically, only larger brokerage firms provide electronic brokerage feeds for Compliance purposes, and this leaves compliance staff handling paper statements for unsupported brokerages. The new ByAllAccounts integration makes it possible to receive almost 100% of brokerage data electronically. This makes it cost effective for almost all firms to automate personal trading supervision."

"Compliance supervision is yet another critical, but time-consuming function that can benefit from our account aggregation technology," said James Carney, ByAllAccounts Chief Executive Officer. "Compliance11 has built a strong reputation for reducing the cost and complexity of compliance supervision, and adding account aggregation further streamlines the process by removing the tedious, time-consuming and error-prone steps of manual data aggregation."

Now when Compliance11 customers disclose their brokerage accounts, data feeds are immediately activated via ByAllAccounts. Confirmations and holdings flow into the system daily and are analyzed according to company specific business rules. (Compliance11 still supports traditional direct feeds from major brokerages.)

For more information on using account aggregation with Compliance11, visit www.compliance11.com to request our white paper "How Electronic Brokerage Feeds for Personal Trading Compliance Work" and/or register for our "Revolutionizing Personal Trading Supervision" webinar on September 8.

About Compliance11

Compliance11, Inc. is a leading provider of regulatory compliance management solutions for the financial community. The Compliance11 Supervisory Suite is a cost effective solution for Chief Compliance Officers to address current and future regulatory and supervisory guidelines. The Supervisory Suite monitors employee and firm trading; insider trading, tracks affirmations, disclosures, and gifts; and streamlines data management. For more information visit www.compliance11.com.

About ByAllAccounts

ByAllAccounts, the financial advisors' choice for account aggregation since 1999, is the only service that retrieves, enriches and consolidates reconciliation-ready account data from any custodian. ByAllAccounts' patented aggregation engine, through which more than $175 billion in assets flows, aggregates all client account data - from any source - within an advisor's wealth management platform or trust accounting system for a truly comprehensive view. Hundreds of advisors rely on ByAllAccounts to save administrative time and costs, mitigate risk associated with having incomplete information and grow revenues through client referrals and new business development. ByAllAccounts integrates seamlessly with all of the most popular wealth management platforms.  For more information visit www.byallaccounts.com.

SOURCE Compliance11, Inc.