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.
LPL Financial rolling out new portfolio re-balancing technology
Links to companies and products:
Rebalance Express from RedBlack Software LLC