One thing that most choosy investors insist on these days is a strategy that is built to be as risk-free as possible, depending on their tolerances.
With that in mind, Scivantage developed a new portfolio-rebalancing module, which it released to advisors on Monday. The module aims to cut out manual processes that advisors now use for keeping single accounts or multiple accounts in line with their clients’ pre-defined risk tolerance levels. The new module will also monitor all portfolios for drift beyond those tolerance parameters. The system will go live in December, and formally rolled out to advisors in January, said Joe Stensland, senior vice president of marketing and products. Scivantage is aiming to serve the so-called Series 7 full-service market of financial advisors, where he said these services tend to be expensive.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access