Scivantage, a leading provider of Web-based, front- and middle-office technology solutions to the financial services industry announced today that SWS Group (NYSE: SWS), a Dallas-based financial services company offering a broad range of investment and financial services through its subsidiaries, has selected Scivantage Professional to provide advanced trading and automated portfolio rebalancing capabilities to their financial advisors and correspondents.
Scivantage Professional will be available to Southwest Securities' network of financial advisors, as well as correspondents of SWS Clearing Services, offering them an integrated suite of portfolio management and advanced trading tools to automate the process of monitoring, rebalancing and trading client portfolios. Scivantage's Portfolio Rebalancing application enables SWS financial advisors and correspondents to automate the time-consuming, complex rebalancing process to keep client accounts aligned with firm or advisor-defined model allocations. From initial creation of an investment strategy or model through to the execution of rebalanced trades, SWS advisors and correspondents will be able to monitor client portfolios more easily and effectively, so they increase the time spent on business development and client relationships.
SWS will be offering current and prospective advisors a highly competitive wealth management solution complete with Scivantage's Trade Processing, Advanced Trading: Block Orders, Automated Trade Review and Portfolio Rebalancing applications seamlessly integrated within their existing advisor desktop applications.
"Scivantage is pleased to announce SWS Group as a client and we are looking forward to working with them to automate key areas of their wealth management process," said Joe Stensland, senior vice president of marketing and products, Scivantage. "The addition of our advanced trading and automated portfolio rebalancing capabilities will significantly enhance the productivity of SWS advisors and correspondents, allowing them to grow their practice and build stronger, more valuable relationships."
"We anticipate implementing Scivantage Professional by mid-2010," said Holly Peritz, senior vice president and director of the Investment Management Group at Southwest Securities. "We strive to offer tools to our financial advisors that provide a competitive advantage and add value for their clients. Scivantage Professional has the potential to do that."