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.

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