Pello Companies, LLC, which focuses on open finance innovation, today announced the entry into a definitive agreement for the acquisition of ByAllAccounts, a provider of innovative data aggregation technology for financial applications, from Morningstar, Inc. (NASDAQ:MORN). Upon completion of the transaction, ByAllAccounts will operate as a standalone company. The acquisition is expected to close in the first half of 2026, subject to customary closing conditions. Deal terms are not disclosed.

Pello Companies will appoint Cynthia Rojas Sejas as Chief Executive Officer of ByAllAccounts. With 25 years of senior leadership experience driving growth strategies for financial data and analytics solutions at Moody's and S&P Global, she brings a proven track record of success. Pello Companies' leadership is recognized for its deep expertise in open finance and data aggregation. Together with the ByAllAccounts team—many of whom have decades of experience in wealth management—the company aims to accelerate innovation, expand access to new data sources, and further strengthen its infrastructure and reliability.