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Rating:Mr.T comes to ByAllAccounts Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, February 15, 2001

Mr.T comes to ByAllAccounts

Reported by Nicole Halsey

Woburn, Massachusetts-based ByAllAccounts, has named Timothy T. Taussig, senior vice president of corporate development. His new responsibilities will include directing corporate strategy and structuring new business alliances.

Taussig comes to ByAllAccounts from Credit Suisse Asset Management where he was managing director and a member of the global and U.S. operating committees. His responsibilities there included marketing, client services and e-commerce strategy across distribution channels.

ByAllAccounts is the software developer of a web-based portfolio management tool that aggregates account information from multiple financial institutions and provides the tools needed to customize and analyze investment portfolios.

The firm has entered the 401(k) business through relationships with Scudder and Financial Engines. A Scudder spokesperson confirmed that the bundled vendor has a contract with ByAllAccounts but that it has not yet made any decisions in terms of when it will launch a service for participants.

A source at ByAllAccounts said that the relationship with Financial Engines is not exclusive and that the aggregator would work with other advice vendors if clients request that it do so. Financial Engines provides advice for Scudder's bundled clients.

Prior to Credit Suisse, Taussig was with BEA associates and prior to that, he was a director at Aetna Capital Management.  

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