20 July 2018
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S&P upgrades Portfolio Advisor platform

19 July 2005  |  1510 views  |  0 Source: S&P Investment Advisory Services

Addressing the evolving needs within the fee-based advisor marketplace, Standard & Poor's Investment Advisory Services LLC (SPIAS), Standard & Poor's investment advisory unit, announced today that its Portfolio Advisor Web-based platform now offers new features that will help advisors fulfill their compliance oversight responsibilities when moving fee-based brokerage accounts into managed accounts.

With these enhancements, Standard & Poor's Portfolio Advisor continues to pave the way for more informed decision-making by investment advisors. "We see a great deal of interest across all brokerage segments in moving fee-based brokerage assets into a managed account solution," says Ken Ennis, Managing Director at Standard & Poor's. "However, most of what is available in the managed account marketplace today is not a fit for the transition of these assets out of fee-based brokerage accounts. S&P Portfolio Advisor offers an easy way to accomplish this transition. A financial advisor can maintain asset-based pricing by transferring securities into the S&P Portfolio Advisor platform using an S&P Stock Basket or another model portfolio available to the advisor on the site."

Standard & Poor's Portfolio Advisor is a Web-based asset management platform that allows fee-based advisors to create and manage investment plans for their clients. In addition to existing features such as regular account monitoring, reporting, and independent investment recommendations, Portfolio Advisor Version 2.0 now includes:

  • Up to 3,000 securities eligible for transfer into a Portfolio Advisor account, providing advisors and investors a smoother transition from one account to another. The list of eligible securities is managed by SPIAS through various quality criteria that are based on proprietary measures, which eases the burden on the advisor and firm from conducting research on a wide range of securities for each client situation.
  • Ability to sell down concentrated positions immediately or over time (up to 3 years) to help reduce the tax impact for investors, while increasing diversification in their portfolios.
  • Questionnaire for institutional accounts to help advisors determine if a fee-based account is appropriate for corporations, endowments and trusts. A risk profile questionnaire for individual portfolios already exists on the site.
  • Standard & Poor's Neural Fair Value 30 Mid Cap and Equity-Income 30 Large Cap Stock Baskets, model portfolios that provide advisors with independent stock recommendations, portfolio monitoring and rebalancing for one program fee.

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