AutoPilot will roll out to advisors across the US in early April.

CLS Investments, a third-party money manager, has joined forces with Riskalyze to launch “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.

The AutoPilot team handles all the "manual" work, so the trading, rebalancing, client service calls for account management, among other aspects. The advisor decides how much “hands-on” service to provide.

CLS is a subsidiary of NorthStar, in which the global private equity firm recently acquired a majority stake.