Data Convertor

Do you have automatic access to consolidated historical transaction data and client information?

Albridge Data Convertor enables financial institutions and advisors to easily and automatically import historical client information from third-party applications and legacy systems for use with the Albridge Wealth Reporting application. For financial institutions with years of historical transaction data and client information, the Albridge Data Convertor helps them leverage their past investment in in-house or outsourced data management systems without disruption as they integrate the enterprise wealth management services of Albridge.

After Albridge receives data, the Data Convertor scrubs it, maps it to the advisor's existing core accounts, and then loads it into a separate database for their review and approval. Full editing privileges are available to advisors within Review and Approve screens, enabling them to easily manage any data issues that might occur. Automated Recon Transactions and Alerts help to identify discrepancies, and mitigate compliance concerns with un-reconciled legacy system data. Once approved, the scrubbed, imported data is automatically added to the enterprise data warehouse. There, it augments daily dealer-level data feeds with the additional historical data, including rich transaction-level and cost basis history, that is required for dynamic, detailed and accurate reporting.