Review Detail

I've seen several occasions where aggregating security information from held-away accounts had to be done from DST FANMail and not through third-party aggregators.

Often this occurs with annuity products where sub-account symbols or unique identifiers aren't available through the provider's website. So a service such as ByAllAccounts simply can't identify sub-account holdings and fails to match data with the holdings listed in the portfolio management system.

Plus, DST FANMail works differently than ByAllAccounts, so advisors have no need to ask clients for login credentials to financial websites. As a result, there is no risk of deemed custody for holdings aggregated via DST as there might be with BAA.