OppenheimerFunds launched a product that will allow financial advisors to aggregate a portfolio of multiple funds offered through the Oppenheimer family and funds offered through four sub-advisors, the company announced today.

The program, called Portfolio Builder, is designed to offer many of the same features as a wrap fee program. The program will offer asset allocation, automatic portfolio rebalancing and consolidated statements, said Steve Dombrower, V.P. and manager of OppenheimerFunds, in a statement.

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