What is ByAllAccounts and what does it do?

ByAllAccounts provides data aggregation tech that lets financial apps securely pull and consolidate account data from thousands of sources for advisers and platforms.

Why is Morningstar selling ByAllAccounts to Pello?

Morningstar's streamlining to proprietary data and investment tools, offloading the aggregation business to focus on its $378B Wealth and Retirement ops while staying a customer.

Will this acquisition change much for wealth managers?

Probably not immediately—continuity promised, with Pello pushing innovation like broader data access, but expect evolutionary tweaks, not revolutions.

🚀 Startups & Funding

Pello Grabs ByAllAccounts from Morningstar: Open Finance's Latest Power Play

Morningstar's offloading ByAllAccounts to Pello Companies, betting on proprietary data while Pello chases open finance dreams. Skeptics wonder if it'll spark real change—or fizzle like so many fintech deals.

theAIcatchup Apr 10, 2026 4 min read

Handshake between Pello and Morningstar executives over ByAllAccounts acquisition deal documents

⚡ Key Takeaways

Pello acquires ByAllAccounts to bolster open finance data aggregation, with deal closing H1 2026. 𝕏
Morningstar refocuses on proprietary assets, remains a ByAllAccounts customer post-sale. 𝕏
New CEO Cynthia Rojas Sejas eyes expansion beyond basic aggregation amid fintech consolidation. 𝕏

Published by

theAIcatchup

Markets. Money. Innovation.

#ByAllAccounts #Morningstar acquisition #Pello Companies #data aggregation #open finance #wealth management

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Originally reported by Fintech Global

⚡ Key Takeaways

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