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Adviser platform launches new rebalancing tool

Shannon Bernasconi
Miranda Brownlee
07 July 2020 — 1 minute read

In light of ASIC’s concerns about separately managed accounts limiting consumers to cookie-cutter advice, adviser platform WealthO2 has launched a new rebalancing tool for managing complex portfolios.

WealthO2 has developed a new rebalance tool for its adviser platform in order to provide higher levels of customisation.

WealthO2 managing director Shannon Bernasconi said while the platform’s portfolio construction already allows for client strategies to be tailored, the new role expands on that scalable tailored functionality.

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“The new rebalance tool provides even more efficiency when managing complex high-net-worth client portfolios, and also provides the tools to better execute on the investment advice while ensuring the resulting asset allocation of the client — and their risk profile — is maintained,” she explained.

“The new rebalance allows for much higher levels of customisation, whether it be to time the execution of a specific asset class only, or to execute on a specific model within the client’s overall model portfolio.”

It also allows for dynamic calculations based on the user’s selection or deselection of trades and adjustments to them.

This dynamic calculation, she said, allows the adviser to see not only the impact on cash and liquidity, but also the resulting asset allocation or model percentage of the total portfolio. Additionally, it allows for trading transactions to be undertaken in dollar or units, or as a percentage of the total portfolio.

Ms Bernasconi said now more than ever, diversification, risk management and agility play a key role in protecting against the financial erosion of clients’ investments.

She noted that managed accounts under discretion, including separately managed accounts, have been seen by ASIC as potential enablers of simplistic cookie-cutter advice that isn’t tailored to the client or market conditions.

The new rebalance functionality, she said, responds to the adviser need for high levels of customisation.

The new rebalance functionality is the first to be launched under WealthO2’s new application user interface. A rollout of further dashboards and new functions and features is being delivered during 2020.

Miranda Brownlee

Miranda Brownlee

 

Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.

Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates. Miranda has also directed SMSF Adviser's print publication for several years. 

Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.

You can email Miranda on: This email address is being protected from spambots. You need JavaScript enabled to view it.

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