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


What do you think?

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.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print