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The accounts your software can’t reach.
The 401(k), the HSA, the outside brokerage: they decide a client’s real risk, and the standard fix is emailed statements. We are researching the third way with practicing advisors. There is nothing to buy on this page.
| Household | Account | Custody | Value | Signal |
|---|---|---|---|---|
| Household A | Taxable · Schwab | In custody | $412,800 | no signal |
| Household A | 401(k) · Fidelity | Held away | $688,200 | NVDA 31% of household across all three accounts |
| Household A | RSU · Shareworks | Held away | $194,500 | no signal |
| Household B | IRA · Schwab | In custody | $897,400 | Drifted 6.4 pts from the household target since March |
| Household B | 403(b) · Empower | Held away | $241,900 | no signal |
| Household C | Brokerage · Vanguard | Held away | $156,300 | Holds MU · filing last week contradicts the stated reason |
NVDA 31% of household across all three accounts
Drifted 6.4 pts from the household target since March
Holds MU · filing last week contradicts the stated reason
Sept 2024
Fidelity, the largest plan provider, restricts third-party credential sharing.
Oct 2025
Pontera’s CEO publishes an open letter calling it an anticompetitive power grab.
Dec 2025
The bans spread. Schwab and other custodians decline to engage.
Credential sharing is dying custodian by custodian. Read-only, client-permissioned access is the mechanism left standing, and nobody has built the advisor terminal on it. That is the research.
Six things we are testing with practicing advisors.
The whole book, by name
Every client holding a given security across every account, custodied or not. The list-holders lookup wirehouse desks have and independents lack.
Reasons, monitored
A reason on file for each position, read daily against filings, with verbatim citations when something contradicts it. No reason on file is itself a flag.
What changed overnight
Concentration that crossed a line, drift past tolerance, evidence against a held reason. Not a news feed. What moved in your book.
The pre-meeting brief
Before the 2pm: what changed in this household since you last met, across all of their accounts, with the receipts attached.
MCP for your AI tools
A read-only, audit-logged layer so the notetaker and CRM assistant you already pay for can answer questions about actual portfolios.
Read-only by construction
Client-permissioned, token-based connections. No credentials stored, no trading capability anywhere in the design, revocable by the client.
What the client authorizes, and nothing else.
Each account is authorized through the institution’s own login. The institution issues a revocable token. The scope below is the design, enforced at the protocol level, not promised in a policy.
Granted · read-only
Balances and holdings
Transactions and history
Visibility, in-custody and held-away alike
Audit-logged queries from your AI tools
Never granted
Stored credentials
Trading capability
Money movement
Model training on client data
Twenty minutes. No pitch.
Fee-only planners, RIA owner-operators, advisors candid about what their tools do not show them. Your workflow, your morning, what you would actually use.
Interviews shape what gets built and whether it gets built.
The research, in public
- What are held-away assets?
- Can an advisor see a client’s outside accounts?
- Pontera alternatives after the custodian crackdown
- What Pontera actually costs
- ByAllAccounts alternatives after the Pello collapse
- Account aggregation: the 2026 field guide
- Plaid for advisors: coverage, verified
- MCP for advisors, in plain language
- AI tools for advisors, by the job they do
- The RIA tech stack in 2026
- ChatGPT prompts, and the rules before them