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Advisor Software upgrades portfolio rebalancing tool

21 May 2007  |  1428 views  |  0 Source: Advisor Software

Advisor Software, a leading provider of wealth management solutions for the advice market, today unveiled the latest version of its ASI Portfolio Rebalancing Solution, which enables financial services enterprises to streamline portfolio rebalancing.

This new release delivers a competitive advantage for financial services companies, further automating time-intensive rebalancing processes and boosting advisor efficiency.

"Advisor Software is committed to providing solutions that help financial services institutions and their advisors more effectively address investors' requirements and stay on top of ever-changing market conditions," said Andrew Rudd, CEO and founder of Advisor Software, Inc. "The new release of ASI Portfolio Rebalancing Solution reflects this commitment, eliminating manual rebalancing tasks for advisors of financial services organizations that want to better focus on their core competencies."

About the Enhanced Version of ASI Portfolio Rebalancing Solution

The new version of ASI Portfolio Rebalancing Solution, licensed by financial services organizations, allows advisors to rebalance more than 100 accounts simultaneously. The application is configured around the way each advisor operates his or her business. The advisor can isolate certain components of each account for rebalancing instead of having to rebalance an entire account. In addition, accounts that are associated with specific models can be kept within accepted tolerance bands set by the advisor. As a result, the solution allows advisors to minimize transactions including trading activities. Key features of the enhanced application include:

Cash Buffers allow advisors to create a cash buffer, a global constraint used during rebalancing, as either a fixed dollar amount or a percentage of the portfolio value. Using cash buffers, advisors can ensure that the account meets cash buffer constraints, resulting in a cash buffer account balance that can be used to meet future client liquidity needs.

Locking Enhancements allow advisors to exclude securities from rebalancing at the individual account level. The locked items remain in the household and are included in diagnostic reports and the final proposal. Using this feature, advisors can also exclude a certain list of securities from rebalancing.

Tolerance Bands on model portfolios enable advisors to identify when accounts drift away from the securities-based model. They can isolate the rebalancing process to just the securities that have drifted beyond advisor-set bands. Advisors can set standard tolerance bands to all the securities in a model or individually apply bands to each security. These bands minimize the number of transactions and swings within the portfolio as well as automate the process of evaluating trades for execution.

"We've enhanced the ASI Portfolio Rebalancing Solution with the goal of enabling financial services institutions and advisors to work smarter, improve the advisor-led decision making process and, ultimately, deliver more strategic investment recommendations," said Neal Ringquist, president and chief operating officer. "This latest release of the application reinforces Advisor Software's mission to provide intelligent solutions that empower financial services firms to maximize client relationships and improve profitability."

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