Why Don’t Advisors Have Tools to Provide Holistic Advice?

 “It’s not what you look at that matters, it’s what you see.” — Henry David Thoreau

According to a recent survey by Certified Financial Planner Board of Standards, Inc., 91% of consumers expect that the advice they receive from a financial advisor will take into account their total financial situation.  Yet, many advisors are still myopically focused only on managing their client’s assets.  This renders them unable to serve the 70% of consumers who prefer an adviser who has the ability to look at their whole financial situation, as reporting in the same survey. Continue reading

Advertisements

TD Ameritrade Comes Out Swinging with iRebal Update

I began this series of articles on portfolio rebalancing software with a panel of four product vendors at last year’s T3 Conference. (see Which Portfolio Rebalancing Software is Right for You?)  One of those products was iRebal and since then I have been looking forward to writing a more in-depth review of it.

I recently had my chance when I was able to speak with Danielle Fava, Senior Product Manager at TD Ameritrade (TDA), who gave me a demo and discussed some of the new features that will be part of the upcoming May release of the cloud-based version of iRebal.

iRebal on Veo, as TDA refers to it, was built by following the blue-print for rebalancing set forth by the desktop version, which was acquired by TDA back in 2006, Fava explained.  iRebal on Veo has been offered for free to RIAs for use with accounts that are custodied with TD Ameritrade Institutional, since last year.

Continue reading