FolioDynamix, a provider of web-based wealth management technology, has added capabilities to support unified managed household account management across client portfolios.

The functionality is enabled through the FDx SingleSight software platform and allows advisors to manage across a client’s whole portfolio from one user interface, the firm said.

The overall UMH service includes multi-level models and risk profiles, household-level performance reporting, rebalancing against household model targets, and tax-sensitive asset allocation management.

The FDx SingleSight platform includes onboarding capabilities such as proposal generation to fit with a client’s objectives and risk profile, as well as an investment policy statement at the household level.

"A key goal in the wealth management industry has been to enable truly effective household-level client management throughout the full lifecycle of the account, from the initial proposal phase through trading and performance reporting," said Joseph Mrak, president and chief executive of FolioDynamix.