B
y Vasyl Soloshchuk, CEO and Co-Owner at INSART
Rebalancing software is an essential part of a typical wealth manager’s toolkit. With so many wealth-management companies out there, there are a few that focus on rebalancing suites that offer advisors a range of features and benefits. In this article, we will guide you through the most popular solutions on the market. You’ll learn about:
- tRx by Morningstar
- TradeWarrior
- FinFolio
- ATOM Align by Blaze Portfolio
- RedBlack
- Envestnet by Tamarac
- iRebal from TD Ameritrade Institutional
- Smartleaf
With plenty of digital tools present in the market, wealth managers have numerous ways of adding edge to their offerings and building smart portfolios. However, while all the instruments have similar features and a certain degree of customization, when getting down to the actual task of choosing a rebalancing partner things get slightly complicated. Here, we provide an overview and compare a few rebalancing solutions to help with the selection process.
Morningstar Total Rebalance Expert (tRx)
Offering snapshot
: Affordable, tax-efficient, and simple to rebalance with software created by a CPA. Sheryl Rowling’s creation became a top-tier company in the investment advisory world. tRx is easy and quick to implement. The software offers outside accounts management capabilities and gives a 360-degree view of all household accounts. Following a recent team-up with Fix Flyer, any trades by tRx are now sent directly to a particular broker through FIX using processing protocols.
Features:
Quick analysis of accounts, cash management, tax-loss harvesting, and held-away accounts; five review levels; capital gain distribution avoidance (CGDA); location optimization; security equivalences; custom trade minimums; custom-tailoring to RIAs’ needs; report generator.