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

INTV

Ed Slott: Tax strategies to help clients take advantage of market declines

When the markets decline or are volatile, it is an opportunity to put a few retirement savings strategies to work, according to Ed Slott, founder of Ed Slott's Elite IRA Advisor Group.

Latest news & opinion

Will Jeffrey Gundlach's Trump-like approach on Twitter work in financial services?

The DoubleLine CEO's attacks on Wall Street Journal reporters is igniting a discussion on what's fair game on social media.

Fidelity wins arb case against wine mogul but earns a rebuke from Finra

In the case of investor Peter Deutsch, Fidelity doesn't have to pay any compensation, but regulator said firm put its interests ahead of his.

Plaintiffs win in Tibble vs. Edison 401(k) fee case

After a decade of activity around the lawsuit, including a hearing before the U.S. Supreme Court, judge rules a prudent fiduciary would have invested in institutional shares.

Advisers get more breathing room to make Form ADV changes

RIAs can enter '0' in some new parts of the document before their annual filing next year.

Since banking scandal, Wells Fargo advisers with more than $19.2 billion leave firm

Despite a trying year, the firm has said it will sweeten signing bonuses for veteran advisers.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print