TD Ameritrade Institutional Reinvents Portfolio Rebalancing Process for Advisors
Advisors can now submit trades from iRebal® directly to Veo®, saving time and reducing risk
JERSEY CITY, N.J.--(BUSINESS WIRE)-- Enhancements to TD Ameritrade Institutionals iRebal1 rebalancing software improve the accuracy and efficiency of the portfolio rebalancing process. Advisors looking to take immediate action on portfolio rebalancing, cash management or tactical trading decisions in client portfolios can now enter orders directly from iRebal to Veo, TD Ameritrade Institutionals 2 advisor trading platform. Processing trades within the rebalancing tool saves advisors time and helps minimizes risk of errors that occur when translating trade data between multiple disconnected platforms.
An advisor placing trades in iRebal to the Veo platform will immediately realize time savings by reconciling clients accounts directly in the platform, said Justin Di Filippo, senior product manager, iRebal at TD Ameritrade Institutional. Weve eliminated inefficiencies typically associated with the rebalancing process, including the need to export trade files and move back and forth between different technologies and platforms. This time consuming process can now be executed with a click of a button thanks to an integration using Veo Open Access capabilities.
iRebal leverages TD Ameritrade Institutionals open API (application programming interface) allowing the rebalancing technology to process trade orders straight through to a custodial platform. The new feature allows advisors to administer buy and sell orders in real-time within a client portfolio. Additional trading capabilities including time in force and limit price parameters may also be set so advisors can capture trading flexibilities that previously would have been managed separately on their custodial platform.
Using an API approach to integrate iRebal with Veo has really allowed us to reinvent the rebalancing process on the TD Ameritrade (AMTD) Institutional platform, said Chris Valleley, director, technology solutions at TD Ameritrade Institutional. We will continue to lead an industry wide effort to deliver these types seamless technology experiences and look forward to providing deeper integrations with even more technology providers through our Veo Open Access initiative.
In addition to straight-through trading, iRebal users will experience simplified navigation. An enhanced dashboard arrangement with ribbon menus provides advisors with one-click access to their most commonly used tasks and workflows when rebalancing client portfolios. Tabbed screens can be pulled from the main dashboard to take advantage of an advisors dual-monitor setups in their office.
Also new to iRebal is a customizable client portfolio report. Advisors can create graphics to show a clients portfolio allocation and provide a breakdown of positions held in the account, including cash. Advisors can also add company logos, disclaimers, notes and contact information to brand each report.
In todays uncertain economy, this dynamic report is a valuable tool advisors can use to communicate to their clients that they are proactively monitoring the quality of investments in their portfolios and rebalancing efficiently, said Di Filippo.
Advisors interested in utilizing iRebal as their portfolio rebalancing system or learning more about the latest technology advancements can contact TD Ameritrade Institutional at (800) 934-6124 or email email@example.com.
About TD Ameritrade Institutional
TD Ameritrade Institutional2 is a leading provider of comprehensive brokerage and custody services to over 4,000 fee-based, independent registered investment advisors and their clients. Our advanced technology platform, coupled with personal support from our dedicated service teams, allows investment advisors to run their practices more efficiently and effectively while optimizing time with clients.
About TD Ameritrade Holding Corporation
Millions of investors and independent registered investment advisors (RIAs) have turned to TD Ameritrades (NYSE: AMTD) technology, people and education to help make investing and trading easier to understand and do. Online or over the phone. In a branch or with an independent RIA. First-timer or sophisticated trader. Our clients want to take control, and we help them decide how - bringing Wall Street to Main Street for more than 36 years. An official sponsor of the 2012 U.S. Olympic Team, TD Ameritrade has time and again been recognized as a leader in investment services. Please visit TD Ameritrades newsroom or www.amtd.com for more information.
1 iRebal products and services are property of ThinkTech, Inc., an affiliate of TD Ameritrade, Inc. iRebal and TD Ameritrade do not provide tax advice.
2 TD Ameritrade Institutional is a division of TD Ameritrade, Inc., a brokerage subsidiary of TD Ameritrade Holding Corporation.
TD Ameritrade and the TD Ameritrade Logo are trademarks jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2012 TD Ameritrade IP Company, Inc. All rights reserved. Used with permission.
TD Ameritrade Institutional
Jessica Taylor, 402-574-6651 (Office)
Communications & Public Affairs
Source: TD Ameritrade InstitutionalCopyright Business Wire 2012