Portfolio rebalancing breakdown

Nov 24, 2015 @ 11:14 am

By Alessandra Malito and Ellie Zhu

Portfolio rebalancing software can save advisers hours and hours of work. Instead of manually rebalancing each client's portfolio one by one, advisers can change a batch of accounts, view assets and review recommendations.

The software has become so much of a head turner that Morningstar just acquired one of the leading portfolio rebalancing software providers in the industry, Total Rebalance Expert.

Portfolio rebalancing software can save advisers hours and hours of work. Instead of manually rebalancing each client's portfolio one by one, advisers can change a batch of accounts, view assets and review recommendations.

The software has become so much of a head turner that Morningstar just acquired one of the leading portfolio rebalancing software providers in the industry, Total Rebalance Expert.

Morningstar Total Rebalance Expert FinFolio Blaze Portfolio's ATOM Align TradeWarrior ASI Portfolio Rebalancing Solution, Salesforce, API RedBlack Rebalance Express Envestnet | Tamarac's Advisor Rebalancing TD Ameritrade's iRebal
Cloud/desktop Cloud Both Cloud Both Cloud Both Cloud Both
Quick analysis of accounts
Cash management
Tax-loss harvesting In development - available Q1 of 2016
Includes held-away accounts In development - available Q1 of 2016
Capital gain distribution avoidance
Review levels 5 levels 7 levels 2 levels 2 levels 2 levels 3 levels Unlimited 3 levels
Location optimization In development - available Q1 of 2016
Security equivalences
Custom trade minimums/thresholds
( trade restrictions, custom trade rules)
Client billing
Customizable for adviser preferences
Base pricing Starts at $7,500/year before discounts $10,000 per year $10,000 to $14,000 per year $333 per month Not available Not available Not available Cloud version free for TDA accounts; Standalone version $20,000 year and up
Report generator
Set-up time 2-3 weeks 4-6 weeks 4 weeks 3-4 weeks As little as 1 day 1 week 1-2 weeks 1 day
Integrations Morningstar Office, Orion Advisor Services, PortfolioCenter, FinFolio, Black Diamond, Asset Book, TPX (PowerAdvisor), Advent Axys, TPortal Salesforce, Dynamics, Junxure, TRX, Trade Warrior, RealTime Trading-Sungard SGN, FactSet, IDC, Bloomberg Data License, Xignites, Box.com, AdvisorProducts, hundreds of custodians SS&C Advent AXYS/APX/Black Diamond, Addepar, Schwab Performance Technologies, Morningstar Office, Asset Book, Portfolio Pathways, BridgePortfolio, Orion Advisor Services, SunGard, Xignite, Real Time Electronic Trading Schwab, Fidelity, National Financial Services, TD Ameritrade, Pershing, LPL, Scottrade, Shareholders Services Group, National Advisors Trust Company, TradePMR, PortfolioCenter, AssetBook, Black Diamond, Advent Axys and APX, Orion, Morningstar, FinFOlio, Blueleaf, Riskalyze, Raptor Trading, Outsource This, AllBackOffice, BOSS, Private Client Resources Salesforce, TD Ameritrade Institutional, Grendel, AssetBook, Redtail, Tiburon Strategic Advisors, Morningstar, S&P Down Jones Indices, Lipper Addepar, Advent APX, Advent Axys, AssetBook, Black Diamond, Blueleaf, Envestnet Advisor Suite, Fortigent, Infovisa Maui, Morningstar Office, Orion, Pershing PES, PortfolioCenter, Principia CAMS, Tamarac Advisor Xi Suite, TrustDesk, Pershing Envestnet, Yodlee, FactSet, Morningstar ByAllAccounts, Advisor CRM by Tamarac, Junxure, Microsoft Dynamics, Salesforce.com, Schwab Advisor Services, Fidelity Institutional Wealth Services, Merrill Lynch, Pershing Advisor Solutions, Raymond James, TD Ameritrade Institutional, Jefferson National Orion, PortfolioCenter, Tamarac, Advent Axys and APX, Black Diamond, Veo, Veo One, Envestnet, Morningstar, as well as other custom interfaces

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