LPL Financial rolling out new portfolio re-balancing technology

Apr 20, 2010 @ 3:26 pm

By Davis Janowski

LPL advisers can now sign up for training to use a re-balancing tool that was introduced last week as part of a new initiative for adviser-facing technology.

The multiaccount re-balancing tool, built by third-party provider Advisor Software Inc., is called the ASI Portfolio Re-balancing Solution. It will be available to all LPL Financial advisers who have successfully completed the required training.

The product has been integrated with BranchNet, LPL proprietary web-based-technology platform.

Advisers can use the ASI re-balancing system to construct, import and maintain custom models for securities-based and target asset allocation portfolios. LPL’s internal research group also maintains a recommended list of 24 tactical and strategic diversified models that are integrated with the system.

In addition, the ASI system can re-balance across various types of securities — including equities, bonds, mutual funds, exchange-traded funds and cash.

Advisers have the option to re-balance based on batch, household and multiple model modes, and can re-balance single accounts, multiple accounts and even accounts organized by household.

The system also has built-in portfolio analytics capabilities that can be broken down based on style or sector, products within a household or single account.

Details on how many advisers had signed up for the tool, as well as the length and extent depth of the training, were unavailable at press time, but we will update our Tech blog as these become available.

For more information, visit Advisor Software Inc.

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