Article Summary
Manually aggregating client accounts costs a financial advisor several hours per week. O2S automates this aggregation through 170 partners. KYC removes re-keying from the very first client onboarding step. MoneyPitch gives clients an independent view of their wealth and makes competitor audits easier. Together, these three tools cut administrative time and free up time for advice.
What Is Account Aggregation for a Financial Advisor?
Account aggregation is the automatic consolidation of a client’s assets held across different institutions (life insurance, securities accounts, real estate funds, private equity) into a single tool. For a financial advisor, it replaces manual, institution-by-institution data collection and provides a complete wealth overview on one screen.
What Is the Hidden Cost of Manual Aggregation?
Without a dedicated tool, advisors lose time on four repetitive steps: logging into each partner’s extranet, re-entering data into the CRM, following up with clients for missing documents, and rebuilding the relationship history before every meeting. Every manual re-entry also adds a risk of error.
How Does O2S Automate Account Aggregation?
O2S automatically aggregates client accounts through a network of 170 partners, regardless of which institution holds the account. Life insurance, securities accounts, retirement savings plans, real estate funds, structured products, cryptocurrencies and private equity are all centralized in one place.
The practical benefit: a complete wealth overview from the very first meeting, with no manual collection beforehand. The advisor spends that time on analysis and recommendations instead of data gathering.
O2S also includes a powerful multi-criteria query module. It lets advisors extract data across the entire client portfolio and run bulk actions, for example identifying the firm’s underperforming contracts in just a few clicks.
How Does KYC Remove Re-Keying From Client Onboarding?
KYC digitizes the collection of client information. The prospect or client fills in their own personal and financial data through a secure, pre-filled form. This data flows automatically into O2S, with no re-entry required.
Three direct benefits:
- Contact creation in seconds (a name and email address are enough to start the process).
- Regular updates managed directly from O2S, with progress tracking.
- Automatic verification of supporting documents through document recognition, which authenticates files in seconds.
The advisor keeps client knowledge continuously up to date, with minimal manual work. Regulatory compliance is built in by design.
How Does MoneyPitch Extend the Time Savings for Clients?
MoneyPitch gives the end client a 360° view of their financial and non-financial assets, synchronized with O2S. Clients can view their own wealth directly, which reduces phone calls and emails requesting information.
Through the MoneyPitch connection, the advisor can also view a contract a client holds with a competitor and compare its features (fees, performance, guarantees) without asking the client or waiting for documents. A competitor audit can then be built in minutes, with a switch or optimization proposal backed by direct evidence.
How Much Time Can O2S, KYC and MoneyPitch Save?
| Task | Without an Aggregation Tool | With O2S, KYC and MoneyPitch |
|---|---|---|
| Client discovery | Manual re-entry, paper follow-ups | Self-filled form, reliable file by the first meeting |
| Wealth tracking | Logging into each partner extranet | Automatic consolidated view, 170 partners |
| Competitor audit | Waiting for client documents | Contract viewed directly inside O2S |
| Compliance | Manual checks at every step | Automated checks across the entire client journey |
Is This Suited to Every Type of Financial Advisory Firm?
The principle stays the same whether a firm has one advisor or several: less time on admin, more time on advice. O2S, KYC and MoneyPitch work together, with native synchronization, turning account aggregation into an operational advantage rather than a burden.
Frequently Asked Questions
What is account aggregation in wealth management? It is the automatic consolidation of a client’s assets held across multiple financial institutions into a single tool accessible to the advisor.
How many partners does O2S aggregation cover? O2S relies on a network of 170 partners to aggregate accounts, across all asset classes including life insurance, securities accounts, real estate funds, private equity and cryptocurrencies.
Does KYC replace manual re-entry of client data? Yes. Clients fill in their own information through a secure, pre-filled form. The data flows automatically into O2S, with no re-entry required from the advisor.
Can MoneyPitch compare a contract held with a competitor? Yes. Advisors can view an external contract directly through the MoneyPitch connection and compare fees, performance and guarantees, without waiting for the client to send documents.
Is account aggregation suitable for small advisory firms? Yes. The benefit (less admin time, more time for advice) applies equally to a single-advisor firm and to larger practices.
In Summary
Manual account aggregation costs time and increases the risk of error. O2S automatically centralizes assets through 170 partners. KYC removes re-entry from the very first client interaction and strengthens compliance. MoneyPitch gives clients an independent view and makes competitor audits easier. Together, these three Harvest solutions turn account aggregation into a measurable time saving for financial advisors.
Want to measure the time savings for your own practice?