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RedBlack Launches New Functionality to Enable Customizable Workspaces and Enhanced Workflow for Order Review and Approvals

November 8, 2017

RedBlack Launches New Functionality to Enable Customizable Workspaces and Enhanced Workflow for Order Review and Approvals

New tools provide wealth management firms critical controls and greater efficiencies

Bedford, New Hampshire, November 8, 2017 – RedBlack, the leading independent provider of portfolio rebalancing and trading solutions for investment management professionals, today announced the introduction of customizable workspaces and contextual order review for households. The new functionality is available in RedBlack’s latest release.

RedBlack’s new release enables users to build fully customizable workspaces to holistically manage complex households of accounts consisting of different security types, separately managed accounts, sleeve-based models and pre-trade compliance rules.  Users can choose from a wide variety of views and widgets while leveraging multiple monitors to set up their preferred workspace layout. In doing so, they can build a comprehensive view of all relevant data required for their workflow.

“RedBlack focuses on providing solutions that allow each individual firm to automate their unique investment approach,” said John Grimaldi, RedBlack’s Chief Operating Officer. “Adaptability is a fundamental part of our software because we don’t believe that one size fits all. Household management is inherently complex and requires the analysis of a considerable amount of data. The new customizable workspaces let individual portfolio managers and advisors set up their household management views exactly the way they want, improving their efficiency and ability to make the best decisions for their clients.”

The new release also delivers an improved order review workflow, where portfolio managers can commit trades to a trade blotter and the advisors can review and edit trades for multiple households contextually within one workflow.

Tax consequences, position and classification level pre- and post-allocations, account cash balances and other key information is presented in a customizable workspace, allowing users to determine their ideal workflow. Edits made by an approver to a suggested rebalance are instantly audited and validated against Investment Policy violations, short-term redemption fees, restrictions, cash overdraws, wash sales and order conflicts, reducing the potential for trade errors.

About RedBlack
RedBlack provides investment professionals with the rebalancing, order management and trading solutions required to manage complex portfolios. At our core is a disciplined focus on client-driven design, innovative technology and agile delivery to ensure that our solutions continuously evolve to meet the demands of our clients and the industry. Intuitive software, personalized training, and dedicated support deliver an immediate return on investment. Our clients include single and multi-family offices, wealth advisors, large financial institutions, trust companies, registered investment advisors, pension funds and foundations representing more than $300 billion in assets under management. For more information, visit www.redblacksoftware.com.