BondDesk Group LLC today announced the availability of an advanced new Portfolio Monitoring service for its award winning BondWorks Wealth Management Platform.
BondDesk is a leading provider of fixed income technology and operator of the largest odd-lot fixed income alternative trading system (ATS) in the United States.
The BondWorks Portfolio Monitoring service proactively monitors clients' holdings and alerts financial advisors through the platform and via email to significant events such as bond ratings changes, price changes and redemptions. These capabilities help financial advisors strengthen their client relationships by enabling them to:
• Have meaningful conversations about the ongoing state of their clients' portfolios;
• Make insightful investment recommendations based on events impacting current holdings;
• Stay informed of any changes to investments they have recommended;
• Distinguish themselves as providing fixed income expertise.
"We are very excited to be rolling out these capabilities to our clients," said Ron Crampton, Managing Director at BondDesk Group. "Our clients really appreciate that our sophisticated analytics can cross reference over 130 various event triggers each day such as ratings changes, positive and negative watches, full or partial redemptions and calls, and material movements in price, against each advisor's individual bond holdings."
"It's very time consuming for financial advisors to research all of their clients' bond holdings on a daily basis," continued Crampton. "These portfolio monitoring capabilities will free our financial advisors from a tremendous amount of administrative research and enable them to focus their efforts on supporting and growing their accounts."