ASI says it facilitates more cost-effective, intelligent and holistic advice. Advisor Software Inc. (ASI) is out with a new version of its Portfolio Rebalancing Solution. The re-write is meant to give advisors access to a single platform for addressing complex rebalancing challenges and, more generally, for ensuring appropriate management of client assets.

"Intelligent rebalancing is an increasingly critical service offering for an advisor serving any wealth tier," says ASI's chairman and CEO Andrew Rudd. "To help advisors further tackle unique portfolio-management challenges, such as minimizing unnecessary transactions and considering client liquidity needs, the new version of ASI Portfolio Rebalancing Solution leverages comprehensive rebalancing capabilities via a highly scalable, cost-effective platform."

Features

With the new version of ASI's web-based rebalancing solution advisors are supposed to be able to "rebalance more than 1,000 accounts simultaneously for a significant reduction in time-intensive, manual-portfolio management tasks," the firm says in a press release.

Other enhancements include the ability to restrict securities and minimize transactions, fees and tax consequences.

Key features of the upgraded application include

An algorithm that eliminates the need for transactions and associated fees on securities that are equivalent to one another

The ability to prevent certain securities from being purchased on an account basis or globally

A more holistic view of a household's accounts and allow advisors to incorporate held-away accounts into any rebalancing session. This also allows the advisor to combine accounts across multiple custodians and create a more realistic risk profile

Ability to compare the pre-rebalanced to post-rebalanced portfolios at the account and household levels

Enhanced Diagnostics to show the historical performance of portfolios and their underlying securities and provide an understanding of the potential tax impact of trades

ASI's COO Neal Ringquist says the latest upgrade of the portfolio-rebalancing system adds up to an "easier, quicker way for financial institutions and their advisors to manage investor portfolios and deliver more holistic, personalized advice."

Lafayette, Calif.-based ASI provides investment-analysis software to asset managers, broker-dealers, banks, insurance companies and other financial companies. -FWR

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