NATC to provide IPSAdvisor Pro to adviser clients

Fiduciaries are all using something to generate investment policy statements these days. Whether they buy it themselves or get it through a third-party provider.

For advisers that work with National Advisors Trust, FSB that task just got simpler and less expensive.

The firm, which provides trust and custodial services to more than a hundred registered investment advisories and other affiliated firms recently partnered with the makers of IPS AdvisorPro (Blips Partners LLC) to provide advisers with a simple way to create and manage IPSs.

Those RIAs will gain access to hundreds of customizations and other features using the web-based technology through the joint arrangement.

IPS AdvisorPro is a popular product among advisers because it can significantly cut the time in creating policy statements though use of templates that can be personalized for specific client types and characteristics (Various estimates put the times savings anywhere from a third to half the time — a few hours to an hour for more straightforward plans).

The idea being that this will save the adviser tremendous time in creating their own on a word processing program themselves.

Plenty of other third-party applications have policy statement creation tools or modules or provide Microsoft Word templates but IPSAdvisorPro is the most popular standalone product.

Client types include individuals and families, family trusts, charitable trusts, endowments and foundations, insurance trusts, pension plans, profit sharing plans and 401k plans.

The full asset allocation modeling system containing 33 asset classes all have return, standard deviation and correlation data to create a combination with any of the 33 classes that allow advisers to generate a potential portfolio return. Other software features available to National Advisors Trust clients include an optional risk tolerance questionnaire and the ability to create an unlimited number of models that can be easily updated.

Norm Boone, Blip’s co-founder sums up the flexibility advantages his softwareproivdes pretty well in the prepared statement announcing the partnership: “User companies, like NATC, can create suggested or required wording in one or more templates that can then be made available to users in the field, whether it is a multi-office advisor, a trust company like NATC, or a broker-dealer.”

For more information visit the home of
IPS AdvisorPro and NATC online.