California RIA picked investment-analysis software maker over five rivals. Los Angeles-based Kayne Anderson Rudnick Investment Management has chosen Advisor Software Inc.'s (ASI) "Client Acquisition Solution" to streamline proposal and portfolio creation.

"ASI Client Acquisition Solution is the only solution to offer a seamless environment for addressing all of our investment-proposal needs, from engaging the client and performing a thorough risk-return analysis to generating an investment policy statement," says Kayne Anderson's Stephen Rigali. "It also features the most intuitive, stand-alone environment for front-end portfolio construction."

Broad universe

ASI Client Acquisition Solution is a web-based, open-architecture platform that gives advisors the ability to review an investor's portfolio holdings, conduct a risk assessment, develop an asset-allocation strategy, select securities, create model portfolios and generate an investment plan in 15 minutes or less.

Kayne Anderson Rudnick Investment Management evaluated five other portfolio-construction and proposal-generation products before selecting ASI's.