TechTalk

TechTalkblog

InvestmentNews takes advisers through the developments and innovations in technology that’ll change the way you do business today—and tomorrow.

Shareholders Service adds RedBlack and TRX to the mix

Rebalancing apps can substantially improve an advisory firm's efficiency over manual processes

Nov 15, 2011 @ 3:14 pm

By Davis D. Janowski

Up-and-coming custodian Shareholders Service Group announced a week ago that they had successfully completed pilots with two promising third-party rebalancing products: RedBlack Software LLC and Total Rebalance Expert.

The news was announced while I was on the road but I will try to get some additional details in the coming weeks.

Both will now be available to SSG's 900 or so RIA clients.

It is good to see continued progress made by smaller technology firms; I reported on both of these firms last year (see links below).

RedBlack interfaces directly with SSG data files and transmits trading files directly to SSG.

Both offerings will be available at a discount to RIAs that use the services of SSG (I'm not sure what that rate is at the moment).

RedBlack and TRX also both have integrations with several popular portfolio management systems too.

Related stories:

A modular approach to re-balancing (RedBlack)

New re-balancing solution cost-effective for smaller firms (TRX)

LPL Financial rolling out new portfolio re-balancing technology

Tamarac takes a leap by offering a single solution

Tamarac announces new Advisor 9 and outsourced services

Fidelity platform on schedule, [Northfield used for rebalancing]

Fidelity, Pershing, Schwab, TD in a tech 'arms race'

Top re-balancing-software vendors duke it out for new customers

Links to companies and products:

iRebal from ThinkTech Inc.

Rebalance Express from RedBlack Software LLC

Tamarac Inc.

Total Rebalance Expert

0
Comments

What do you think?

View comments

Recommended for you

Featured Research

The 2015 InvestmentNews Adviser Technology Study

This in-depth study provides a blueprint for the industry, providing actionable information to advisers, along with the latest solutions to help them drive profitability, efficiency and growth for their firm.

Featured video

Events

How eAdvisors embrace technology to succeed

What is an eAdvisor and how are they using technology. These advisers aren't just putting technology on the shelf, they are using it to push their business to the next level, according to Fidelity's Cassie Warrington.

Latest news & opinion

DOL Fiduciary Rule: What you need to know about Acosta's decision

Labor Secretary Alexander Acosta confirmed that the agency's fiduciary rule will become applicable on June 9. Find out what advisers and firms should know when it goes into effect.

Acosta declines to extend delay of DOL fiduciary rule

Labor Secretary finds no legal basis to delay implementation; rule to become applicable June 9

Phyllis Borzi says opponents of DOL fiduciary rule face uphill climb to further delay or dilute it

Former assistant Labor secretary who crafted the rule says President Trump won't be able to get rid of it simply because he doesn't like it.

Advisers go on the offensive, getting clients ready for the next market correction

Some proactive planners are spelling out for clients the impact of a 10% or 20% correction.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print