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Middle- and front-office technology maker Scivantage says a new partnership with a data aggregator will give advisers who use two of its applications a sharper view of their clients' holdings.

The aggregator, ByAllAccounts, will link users of the Methuselah and Financial Compass applications to account-level data on both clients' "held away" and in-house assets. Methuselah is a financial-planning engine; Financial Compass generates proposals.

The tie-in is supposed to reduce administrative busywork and help advisers provide planning and advice that's more tailored to the needs of individual end clients.

Scivantage has a substantial footprint in the independent broker-dealer space, and ByAllAccounts is a smaller vendor that does much of its business in the independent RIA realm. Their partnership may have strategic implications linked to proposed changes to the compliance regimes governing their respective markets.

"From a regulatory and compliance standpoint, you're looking at a possible extension of the fiduciary standard - perhaps a modified fiduciary standard - to include brokers," says Douglas Dannemiller, a senior analyst with the Boston-based research and consulting firm Aite Group. "Scivantage and ByAllAccounts may see this as an opportunity to reach into their respective client bases."

ByAllAccounts Chief Executive James Carney isn't so sure about the compliance angle, but he says his firm's latest partnership has definite strategic implications. It "allows us to get into the broker-dealer space, and it allows them to get into the RIA, family-office and the generally more traditional wealth-management space," he says.

Deals like the one with Scivantage, one with Thomson Reuters' Eximius wealth-management technology platform, and another partnership it is about to make public play into ByAllAccounts' strategy of fostering growth without straying from its core capabilities, he says.

"A classic hazard of being a small business - and anything under $100 million in annual sales is a small business - is spreading yourself too thin, trying to do too much" says Carney. "We're a data company; we're not going to try to be an applications company. These deals allow us and our partners to cross sell into new markets while maintaining our focus on what we do really well."

Jersey City, N.J.-based Scivantage says it has more than 50 institutional clients, including five of the 10 biggest banks and seven of the twenty biggest brokerages in the U.S.

Woburn, Mass.-based ByAllAccounts was a subsidiary of State Street Corp. (STT) between mid 2004 and January 2008, when Carney led a consortium of investors that bought back the company he co-founded in 2000.

-By Tom Coyle, Dow Jones Newswires, tom.coyle@dowjones.com; 718-545-8628