Account Aggregation, New Tools Offered
No-load mutual fund provider T. Rowe Price Associates has added new features to its Web site that allow users to view and manage an aggregate of accounts from multiple institutions in one place.
The product, called AccountMinder, is targeted at individual investors and is available at troweprice.com. Features include the ability to view and access personal mutual fund and retirement account information as well as bank and credit card balances, bills, frequent flier miles and e-mail.
The company intends to make it easier for individual investors to manage accounts online and attract them to the service by providing additional features in one place on the Web.
Other features include 'AutoLogin,' which investors can use to log into their account with one click, instead of having to enter a username and password each time; 'Financial Snapshot,' which gives a summary of an investor's net worth, detailing assets and liabilities; and 'Custom Accounts,' which allows users to include information from offline accounts.
The system was built by Redwood Shores, Calif.-based Yodlee, which provides such aggregate computer systems.