{"id":4498,"date":"2019-10-28T15:00:00","date_gmt":"2019-10-28T15:00:00","guid":{"rendered":"https:\/\/emoneyadvisor.com\/blog\/scaling-your-business-come-together-with-the-appropriate-aggregator\/"},"modified":"2025-08-25T20:39:23","modified_gmt":"2025-08-25T20:39:23","slug":"scaling-your-business-come-together-with-the-appropriate-aggregator","status":"publish","type":"thought_leadership","link":"https:\/\/emoneyadvisor.com\/blog\/scaling-your-business-come-together-with-the-appropriate-aggregator\/","title":{"rendered":"Scaling Your Business: Come Together with the Appropriate Aggregator"},"content":{"rendered":"\r\n

As a small rock band was playing onstage, a 15-year-old boy arrived at St. Peter’s Church on his bicycle. He was there to hear local favorites the Quarrymen playing the church festival in Liverpool, England. The young man had a guitar slung across his back, which he used to practice his Little Richard impression.<\/p>\r\n\r\n\r\n\r\n

One of the Quarrymen introduced his bandmate John Lennon to the boy, Paul McCartney. As the group began playing together on the truck ride home, one of the\u00a0greatest partnerships<\/a>\u00a0in rock history was born.<\/p>\r\n\r\n\r\n\r\n

Partnering your financial firm with an aggregator can be an equally rewarding partnership. John and Paul may have said, \u201cAll you need is love,” but you also need a clear view of clients’ entire financial picture to offer a seamless client experience.<\/p>\r\n\r\n\r\n\r\n

A Day in the Life<\/strong><\/h3>\r\n\r\n\r\n\r\n

\"Scaling<\/h3>\r\n

Aggregation benefits clients<\/a>\u00a0by compiling the figures from their various financial accounts. That benefit increases when their account information is available in real time through an\u00a0interactive client portal<\/a>\u00a0that is part of a comprehensive financial planning platform.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n

With access to live account information, advisors and clients can work together to establish goals, manage cash flows, and create scenarios that visually model the potential outcomes of financial and life decisions: What happens if the client buys a boat? Or delays retirement by two years? Many unexpected things could occur on the long and winding road of life.<\/p>\r\n\r\n\r\n\r\n

With a Little Help from My Friends<\/strong><\/h3>\r\n\r\n\r\n\r\n

\"ScalingThis collaborative approach to financial planning differs radically from the traditional, annual meeting. The collaborative approach creates an engaging client experience. It uses aggregated data to deliver real-time financial planning through an interactive client portal.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n

While collaborative planning experiences build trust and deepen relationships between advisors and clients, concerns regarding cyber security and data privacy are justified. In their 2019\u00a0Thales Data Threat Report<\/a>, IDC reports that 60 percent of organizations stated that they have been breached.<\/p>\r\n\r\n\r\n\r\n

eMoney takes client data seriously.<\/a>\u00a0We have the resources, infrastructure, and experience to provide the highest levels of data security and encryption for your firm, advisors, and clients. eMoney security measures include two-factor authentication, annual SOC 2 Type 2 testing through a third party, and data backed up and replicated to geographically dispersed locations.<\/p>\r\n\r\n\r\n\r\n

We Can Work It Out<\/strong><\/h3>\r\n\r\n\r\n\r\n

Choosing an aggregation partner can have many benefits to your business. By using a third-party aggregator to automatically collect client account data from a variety of financial institutions, your firm can:<\/p>\r\n\r\n\r\n\r\n