The new "robo" offering has gone live today, after an initial announcement in February.

CLS Investments and Riskalyze have today officially rolled out Autopilot, an automated asset management platform for financial advisors.

The moves comes amid the emergence of “robo” advisors, a term for online financial advice typically delivered at a lower cost than more traditional methods.

Through Autopilot, clients can capture their “risk number,” sync their outside assets, open a new account and e-sign the documents.

“Autopilot empowers human advisors to snap a next-generation client service platform into their web site, and to instantly and profitably democratize access to advice for clients large and small,” said Aaron Klein, chief executive at Riskalyze.

“Advisor response from our pre-release announcement was swift and encouraging, which proved that helping advisors decrease costs and increase client service is a powerful way to help them compete in the ever-changing investment world,” added Todd Clarke, CEO at CLS Investments. “Over 500 advisors in 45 states have already shown interest in this product.”

Autopilot is available exclusively to investment advisory firms. Investors/consumers see the advisor’s brand, while the advisor decides how much "hands-on" service to provide. The Autopilot team handles all of the manual work — the trading, rebalancing, client service calls for account management, for example.