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.