LAFAYETTE, CA -- (MARKET WIRE) -- May 21, 2007 -- Advisor Software, Inc., a leading provider of
wealth management solutions for the advice market, today unveiled the
latest version of its ASI Portfolio Rebalancing Solution(SM), which enables
financial services enterprises to streamline portfolio rebalancing. This
new release delivers a competitive advantage for financial services
companies, further automating time-intensive rebalancing processes and
boosting advisor efficiency.
"Advisor Software is committed to providing solutions that help financial
services institutions and their advisors more effectively address
investors' requirements and stay on top of ever-changing market
conditions," said Andrew Rudd, CEO and founder of Advisor Software, Inc.
"The new release of ASI Portfolio Rebalancing Solution reflects this
commitment, eliminating manual rebalancing tasks for advisors of financial
services organizations that want to better focus on their core
competencies."
About the Enhanced Version of ASI Portfolio Rebalancing Solution
The new version of ASI Portfolio Rebalancing Solution, licensed by
financial services organizations, allows advisors to rebalance more than
100 accounts simultaneously. The application is configured around the way
each advisor operates his or her business. The advisor can isolate certain
components of each account for rebalancing instead of having to rebalance
an entire account. In addition, accounts that are associated with specific
models can be kept within accepted tolerance bands set by the advisor. As
a result, the solution allows advisors to minimize transactions including
trading activities. Key features of the enhanced application include:
Cash Buffers allow advisors to create a cash buffer, a global constraint
used during rebalancing, as either a fixed dollar amount or a percentage of
the portfolio value. Using cash buffers, advisors can ensure that the
account meets cash buffer constraints, resulting in a cash buffer account
balance that can be used to meet future client liquidity needs.
Locking Enhancements allow advisors to exclude securities from rebalancing
at the individual account level. The locked items remain in the household
and are included in diagnostic reports and the final proposal. Using this
feature, advisors can also exclude a certain list of securities from
rebalancing.
Tolerance Bands on model portfolios enable advisors to identify when
accounts drift away from the securities-based model. They can isolate the
rebalancing process to just the securities that have drifted beyond
advisor-set bands. Advisors can set standard tolerance bands to all the
securities in a model or individually apply bands to each security. These
bands minimize the number of transactions and swings within the portfolio
as well as automate the process of evaluating trades for execution.
"We've enhanced the ASI Portfolio Rebalancing Solution with the goal of
enabling financial services institutions and advisors to work smarter,
improve the advisor-led decision making process and, ultimately, deliver
more strategic investment recommendations," said Neal Ringquist, president
and chief operating officer. "This latest release of the application
reinforces Advisor Software's mission to provide intelligent solutions that
empower financial services firms to maximize client relationships and
improve profitability."
More About ASI Portfolio Rebalancing Solution
Leveraging Advisor Software's institutional-caliber analytics, ASI
Portfolio Rebalancing Solution gives financial services enterprises a
number of capabilities for automating the rebalancing process. This
empowers advisors to quickly and easily rebalance client portfolios to an
asset allocation or model portfolio target. ASI Portfolio Rebalancing
Solution includes the following features:
-- Single Account Rebalancing lets advisors rebalance a single client
account and generate the corresponding trade list to implement
recommendations.
-- Multiple Account Rebalancing enables the concurrent rebalancing of
multiple client accounts to the same model portfolio and the ability to
generate the corresponding master trade list.
-- Household Rebalancing allows advisors to rebalance one or more
accounts from the same household to an asset allocation or model portfolio
target.
-- Advisor Customization allows advisors to configure the application to
reflect an advisor's existing practice by creating and saving asset
allocation targets and model portfolios.
-- Wide Investment Product Coverage allows advisors to rebalance accounts
with multiple securities types in a single application. Advisor Software's
broad investment product coverage includes: mutual funds, stocks, bonds,
exchange traded funds, separately managed accounts, and variable annuity
sub-accounts.
-- Integration Capabilities allow full-integration with existing
portfolio management systems.
About Advisor Software, Inc.
Advisor Software, Inc. is a leading provider of wealth management solutions
for the advice market. The company is an industry pioneer, having
introduced the first stand-alone enterprise rebalancing solution. In
addition, Advisor Software has pioneered the first complete wealth
management platform that combines institutional-caliber analytics and a
unique, balance sheet approach to financial planning. Advisor Software's
applications are designed for a wide range of asset management firms,
broker-dealers, banks, insurance companies, online brokerages, and other
financial institutions, enabling these institutions and their advisors to
deliver more insightful, actionable investment advice and build stronger,
more profitable client relationships. For more information, visit
www.advisorsoftware.com or call (925) 299-7782.
Contact Information: Contact:
Andrea Corry
Advisor Software, Inc.
(925) 444-1306
Email Contact