Clifford Swan Investment Counselors Goes Live on RedBlack Rebalancing and Trading to Scale to Growth and Meet Evolving HNW Client Needs

Clifford Swan Investment Counselors Goes Live on RedBlack Rebalancing and Trading to Scale to Growth and Meet Evolving HNW Client Needs | RedBlack News

Independent registered investment advisor (RIA) firm Clifford Swan Investment Counselors has gone live on the RedBlack software solution for advanced rebalancing, householding, directed trading and trade-away order management. RedBlack replaces another vendor solution to help the firm scale to significant growth, implement model-based rebalancing while maintaining the ability to individually tailor portfolios, and leverage greater flexibility to meet on-demand requests of its sophisticated clients across multiple segments, accounts and households.

RedBlack enables the firm to apply drift monitoring and reporting, restriction capabilities, and tactical security weightings, as well as build custom models for clients. To enhance straight-through processing, Clifford Swan is using RedBlack’s integration with the Orion Advisor Services portfolio management system and partnership with FIS Global for FIX connectivity and trading with more than 20 of the firm’s custodians.

Peter Boyle, CEO of Clifford Swan Investment Counselors, said: “With a strong focus on high net worth clients across 2500 portfolios, we take a very tactical approach to investment strategies but also want to adopt model-based investing firm-wide over time to offer more diversification, research and rebalancing features. RedBlack provides us with the ability to scale our growing business, and our investment counselors, traders, portfolio managers and trade-away brokers with the efficiencies they need to meet clients’ specific requirements. We’ve been through many technology projects and vendor migrations over the years, and our experience with RedBlack has been among the best.”

John Grimaldi, chief operating officer at RedBlack Software, said: “Many RIA firms are coming to RedBlack following difficult technology projects that fall short on promises to improve productivity and profitability while meeting evolving client needs. Our integration with Orion and other platforms, our experience in the RIA space with multi-billion-dollar firms, and the high level of client service we consistently deliver are welcome qualities for firms looking to quickly achieve and support their next phases of growth and sophistication.”

Pasadena, California-based Clifford Swan Investment Counselors advises individuals, families and mid-sized institutions and manages more than $3 billion in assets. The firm has been recognized as a top independent RIA by Financial TimesForbesLos Angeles Business JournalInvestmentNewsFinancial Advisor, and Financial Planning.

Giving Back: RedBlack Helps Community Residents in Need

Giving Back: RedBlack Helps Community Residents in Need | RedBlack News

Leading investment technology solution provider, RedBlack Software, is participating in several community programs throughout the holiday and winter season to help residents overcome economic and social challenges.

RedBlack’s community activities include:

 

  • Donating Thanksgiving dinners to New Horizons, a Manchester, NH-based organization that assists low-income persons to address the social issues they face
  • Sponsoring two large families as part of Lawrence, MA-based Lazarus House Ministries’ Project Bethlehem 2020 holiday giving program
  • Donating clothing and textiles at an Apparel Impact clothing drive taking place in Bedford, NH throughout the month of January

 

New Horizons     Lazarus House MinistriesApparel Impact

 

 

 

Based in Bedford, New Hampshire, RedBlack provides investment professionals with the rebalancing, order management, and trading solutions they require to manage complex portfolios. RedBlack’s 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.

Round Rock Advisors Goes Live on RedBlack Rebalancing and Trading Software

Round Rock Advisors Goes Live on RedBlack Rebalancing and Trading Software | RedBlack News

Wilton, CT-based registered investment advisor (RIA) Round Rock Advisors has gone live on the RedBlack software solution for advanced rebalancing and streamlined trading to support business growth and a diverse set of clients, advisors and portfolio models.

Prior to RedBlack, Round Rock used Schwab’s custodial solution combined with spreadsheets, which required a number of manual processes including workarounds related to portfolio restrictions and cash actions. RedBlack enables the firm’s trading, operations and advisor teams to use its own portfolio models while providing trading efficiencies through integrated FIX connectivity with Schwab and other custodians.

Craig Jensen, portfolio manager and private wealth advisor, Round Rock Advisors, said: “As we bring on more advisors and grow our client base, we need technology to meet advanced rebalancing requirements as well as integrations to streamline trading. RedBlack provides the sophisticated tools our advisors need to quickly excel and play an integral role in our firm’s success story over the long term.”

John Grimaldi, chief operating officer at RedBlack Software, said: “Growing RIAs must be able to scale and support new advisors quickly. As technology is an integral part of a firm’s client retention and business growth strategy, we are pleased that Round Rock recognized RedBlack as the right rebalancing solution to help them compete on a more advanced level, and continuously create and deliver value to clients across the country.”

Round Rock Advisors provides investment advisory and related services to clients nationally, using a comprehensive, solutions-focused approach to financial planning, asset preservation and income protection.

Round Rock Advisors LLC is a registered investment advisor. Information in this message is for the intended recipient[s] only. Please visit our website www.RoundRockAdvisors.com for important disclosures. Round Rock Advisors LLC does not accept trading or money movement instructions via email.

Adviser Investments Streamlines High-Volume Cash Actions on Plan Distributions with RedBlack

Adviser Investments Streamlines High-Volume Cash Actions on Plan Distributions with RedBlack | News

Newton, Mass.-based registered investment advisor (RIA) and family office, Adviser Investments has expanded its use of RedBlack’s rebalancing software to manage the raising and investment of cash across client accounts tracked in multiple custodial distribution plans.

Recently released RedBlack enhancements provide additional workflows that enable the Adviser Investments’ client team to take client requests for ad-hoc cash needs. They also allow the firm’s trading team to ensure cash coverage for scheduled distributions, ad-hoc disbursement requests and quarterly fees. Integrating with the Orion Advisor Services portfolio accounting platform, RedBlack bulk uploads cash actions and payment instructions on demand, identifies which accounts to trade based on imported account numbers or other identifiers, and rebalances according to distribution activity.

Julianne Catlin, assistant director of operations at Adviser Investments, said: “RedBlack provides a flexible rebalancer in a single trading platform for our firm, enabling us to efficiently import cash transactions in bulk, meet raise and invest cash needs around disbursements across many accounts, and improve the management of cash rebalances across portfolios and multiple custodians. RedBlack excels in consistently delivering high-quality support, expertise and new capabilities to flex along with us as our firm grows and evolves.”

John Grimaldi, chief operating officer at RedBlack Software, said: “Achieving greater flexibility and scalability across trading operations is key to increasing growth and service quality for wealth management and RIA firms, and Adviser Investments is no exception. RedBlack’s integration with Orion and other portfolio accounting systems, combined with our aggressive delivery of new enhancements each year, drive significant improvements in time savings and productivity across teams.”

In addition to providing options for invest and raise cash and the ability to import accounts for a rebalance or trade action from a file, RedBlack gives firms the ability to import restrictions, equivalents, and account and household attributes, as well as customize the rebalance settings for a group of portfolios.

Braver Wealth Management (acquired by Adviser Investments in 2017) began using RedBlack for rebalancing, trading and order management in 2013. Adviser Investments adopted the RedBlack solution following the acquisition, enabling it to quickly scale trading and rebalancing to more than four times the assets under management (AUM) handled on the platform.

Founded in 1994, Adviser Investments offers expertise in actively managed mutual funds, ETFs, individual stocks and bonds, socially responsible investments, tactical strategies and financial planning, with the added proficiency in the Vanguard and Fidelity fund families—delivering the resources and capabilities of a large firm with the care and attention of a small one.

Fort Pitt Capital Group Selects RedBlack to Meet Clients’ Advanced Rebalancing Requirements

Fort Pitt Capital Group Selects RedBlack to Meet Clients’ Advanced Rebalancing Requirements | RedBlack News

As part of its commitment to implementing technology that will add value to the client experience, Pittsburgh, Pa.-based wealth management firm Fort Pitt Capital Group has chosen RedBlack’s rebalancing software. This software will allow Fort Pitt Capital to meet increasingly sophisticated requirements, such as householding, location preference sets, sleeve rebalancing, and customized views for users which include advisors, operations and trading staff.

Fort Pitt Capital will leverage RedBlack’s integration with the Orion Advisor Services platform, as well as utilize RedBlack’s partnership with FIS Global for FIX connectivity and trading to its three custodians. In addition, RedBlack is developing additional functionality for Fort Pitt Capital, including the creation of child blocks and random allocations in support of block trading.

Todd Douds, director of operations at Fort Pitt Capital Group, said: “We needed a rebalancing solution that could meet our complex requirements while making trading and client servicing seamless for all of our users throughout the firm. RedBlack is not only providing advanced rebalancing capabilities, but is able to deliver custom functionalities that are unique to our business and give us that extra competitive edge in investment strategy, service and transparency.”

John Grimaldi, chief operating officer at RedBlack Software, said: “Today’s wealth management firms need greater flexibility to meet modern client demands while increasing efficiencies. By providing different types of rebalancing methodologies, seamless trade blotter integration and customizations, we look forward to playing a key role in Fort Pitt Capital’s success.”

Founded in 1995, Fort Pitt Capital Group is an investment management firm working on behalf of individuals, corporations, business owners, charities, foundations, and retirement plan sponsors. Headquartered in Pittsburgh, Pa., the firm has additional offices in Harrisburg, Pa. and Naples, Fla. and is a member of Focus Financial Partners, an investor in independent, fiduciary wealth management firms.

BakerAvenue Wealth Management Selects RedBlack for Portfolio Rebalancing, Order Management and Straight-Through Processing

BakerAvenue Wealth Management Selects RedBlack for Portfolio Rebalancing, Order Management and Straight-Through Processing | News

Innovative technology will help better service clients while streamlining processes

Atlanta, GA May 13, 2020 — RedBlack Software LLC, a market leader for portfolio rebalancing and trading, today announced that BakerAvenue Wealth Management, a San Francisco-based registered investment advisor with approximately $1.5 billion in assets under management, has entered into a long-term agreement to provide reporting, integrated trading, and order management services. The solution will be fully integrated with Advent Black Diamond, BakerAvenue’s cloud-based CRM platform, among other third-party providers.

“Technology is playing an increasingly important role for wealth management firms as a way to gain operational efficiencies and enhance the client experience,” said Dan Potter, President of RedBlack. “We are excited to partner with BakerAvenue and confident in our ability to deliver an integrated investment management platform to streamline workflows needed to meet client needs.”

BakerAvenue provides wealth management, investment management and family office services to help individuals, families and foundations grow and preserve their wealth. Given its growing trading and rebalancing needs, the firm was looking for a partner to create efficiencies and better integration with its current systems.

“It was important for us to find a partner that would fit within our ecosystem,” said Tom Ngo, President and Partner at BakerAvenue. “RedBlack’s open architecture allows for collaboration with industry leaders, such as Black Diamond, enterprise cloud-based CRM systems and positions us to provide a best in class solution for our clients. Also, the ability to trade electronically through straight through processing on one platform improves our compliance and operational efficiencies, giving advisors more time to focus on servicing clients. Finding the right solution was on our critical path to fulfilling our strategic plan to scale the business and we are fortunate to have a great solution and partner with RedBlack.”

BakerAvenue was also looking to incorporate its rebalancing, trading and order management activities into its CRM platform. RedBlack has CRM capabilities that can provide real-time integrated communications between middle and back office teams. By having an integrated CRM solution, BakerAvenue can create a customizable experience for its clients.

In December 2019, RedBlack was acquired by Invesco Ltd., a global independent investment management firm. The acquisition built on Invesco’s record of successfully partnering with and investing in technology to provide advisors with the innovative and flexible tools they need to develop their business, while maintaining an independent, open architecture.

“RedBlack has a strong reputation and creates tremendous value for its clients today,” said Bryan Perryman, Head of Digital Strategy at Invesco. “We are investing heavily in RedBlack’s core business and its clients to enable further growth in the US and abroad.”

To learn more about RedBlack’s capabilities, please visit www.RedBlackSoftware.com.

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. RedBlack’s 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. RedBlack’s clients include single and multi-family offices, wealth advisors, large financial institutions, trust companies, registered investment advisors, pension funds and foundations representing more than $350 billion in assets under management. For more information, please call (603) 232- 9406 or visit www.RedBlackSoftware.com.

About Invesco Ltd.
Invesco is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in 25 countries, Invesco managed $1.1 trillion in assets on behalf of clients worldwide as of March 31, 2020. For more information, visit www.invesco.com.

About BakerAvenue Wealth Management
BakerAvenue is a boutique independent SEC Registered Investment Advisor providing wealth management, investment management and family office services to individuals, families and foundations. Founded in 2004, BakerAvenue guides clients through personal and professional transition, by following a core set of beliefs to help make a meaningful impact on people’s lives. BakerAvenue is headquartered in San Francisco with satellite offices in Texas and New York. For more information, visit www.bakerave.com.

Media Contact:
Jamie Braverman
(212) 278-9630
Jamie.Braverman@invesco.com

Obermeyer Wood Investment Counsel Positions for Long-Term Growth with RedBlack Advanced Rebalancing & Trading Solutions

Atlanta, GA, April 9, 2020 — RedBlack Software LLC, a market leader for portfolio rebalancing and trading, today announced that Obermeyer Wood Investment Counsel, LLLP (Obermeyer Wood), an Aspen and Denver-based registered investment advisor with approximately $1.4 billion in assets under management, have entered into a long-term agreement to provide integrated trading, rebalancing, and order management services. The solution will be fully integrated with Orion Portfolio Solutions and the firm’s multiple custodians.

“We are excited to partner with Obermeyer Wood and are confident in our ability to offer a fully integrated investment management process that will deliver a sophisticated solution that is both flexible and reliable to meet Obermeyer Wood’s needs,” said John Grimaldi, Chief Operating Officer of RedBlack. “This partnership emphasizes our commitment to working with industry leaders, such as Orion, leveraging our open architecture to deliver a best in class solutions for our clients.”

Obermeyer Wood provides portfolio construction, asset allocation, stock and bond selection, retirement planning, and investment advisory services to help individuals, families and organizations grow and protect their wealth. Obermeyer Wood wanted to implement a solution to drive better, more efficient outcomes with its partner firms.

“Obermeyer Wood has a strong working relationship with multiple custodian partners, so it was important for us to have a long-term, scalable solution in place that would bring trading across the various platforms together. We selected RedBlack as our partner, and as a result, our operations are becoming more seamless and efficient,” said Charlton Rugg, Chief Compliance, Legal, and Technology Officer of Obermeyer Wood.

In December 2019, RedBlack was acquired by Invesco Ltd., a global independent investment management firm. The acquisition built on Invesco’s record of successfully partnering with and investing in technology to provide advisors with the innovative and flexible tools they need to develop their business, while maintaining an independent, open architecture.

“RedBlack has a strong reputation and creates tremendous value for its clients today,” said Bryan Perryman, Head of Digital Strategy at Invesco. “We are investing heavily in RedBlack’s core business and its clients to enable further growth in the US and abroad.”

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. RedBlack’s 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. RedBlack’s clients include single and multi-family offices, wealth advisors, large financial institutions, trust companies, registered investment advisors, pension funds, and foundations representing more than $350 billion in assets under management. For more information, please call (603) 232- 9406 or visit www.RedBlackSoftware.com.

About Invesco Ltd.
Invesco is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in 25 countries, Invesco managed $1.1 trillion in assets on behalf of clients worldwide as of February 29, 2020. For more information, visit Invesco.com.

About Obermeyer Wood
Obermeyer Wood Investment Counsel, LLLP, is an independent registered investment advisor and financial planning firm based in Aspen and Denver, Colorado. Since 1982, hundreds of individuals, families, and nonprofits have trusted Obermeyer Wood to help them identify and achieve goals using sound advice, careful planning, and clear communication. The firm is consistently recognized as a leading independent advisor by national publications and managed $1.4 billion in assets on behalf of clients as of March 31, 2020. For more information, call (303) 321-8188 or visit
www.obermeyerwood.com.

Media Contact:

Jamie Braverman
(212) 278-9630
Jamie.Braverman@invesco.com

Invesco Expands Digital Wealth Business with RedBlack

Firm grows global digital wealth technology and services to provide advisor-powered digital capabilities

Atlanta, December 11, 2019 – Invesco Ltd., a global independent investment management firm, announced today the expansion of its digital wealth business supporting advisors, end- investors, and financial institutions with industry-leading tools, resources and investment capabilities. RedBlack, a market-leader in portfolio rebalancing and trading technology, joins Invesco, bringing more than 150 clients and $350 billion of platform assets. The team comprises 60 members based in Bedford, New Hampshire and Kochi, India.

Invesco recognizes the critical role technology plays for advisors today and it is one of the reasons why it has been growing its global digital wealth capabilities. This new offering builds on Invesco’s record of successfully partnering with and investing in technology to provide advisors with the innovative and flexible tools they need to develop their business, while maintaining an independent, open architecture.

“Invesco has a long history of providing advisors with the tools and digital solutions they need to help their clients achieve their investment objectives through a broad range of active, passive and alternative capabilities,” said Martin L. Flanagan, President and CEO of Invesco. “The addition of RedBlack demonstrates our commitment to continuously strengthening our global digital platform, further enhancing the solutions we offer to meet the evolving needs of advisors, our clients and the industry.”

RedBlack provides investment professionals a flexible and scalable platform to help automate portfolio rebalancing, order management, trading and compliance workflows required to manage complex portfolios accurately and reliably. RedBlack helps its clients manage more money while decreasing operational costs and increasing margins.

“This is an exciting milestone for our company and, similar to Invesco, we believe in creating a modern, digital user experience for clients and advisors to help reach investment goals and manage portfolios efficiently,” said Daniel C. Potter, President and CEO of RedBlack. “By combining Invesco’s investment management and technology capabilities and RedBlack’s solutions, we will offer a digital wealth proposition that makes the complex simple and delivers tremendous value for our clients” adds Roel Vlemmings, RedBlack’s Chief Product Officer.

The terms of the transaction were not disclosed.

Broadhaven Capital Partners, LLC served as RedBlack’s exclusive financial advisor on the transaction.

About Invesco Ltd.

Invesco is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in 25 countries, Invesco managed $1.2 trillion in assets on behalf of clients worldwide as of October 31, 2019. For more information, please visit www.invesco.com.

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. RedBlack’s 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. RedBlack’s clients include single and multi-family offices, wealth advisors, large financial institutions, trust companies, registered investment advisors, pension funds and foundations representing more than $350 billion in assets under management. For more information, please call (603) 232- 9406 or visit www.RedBlackSoftware.com.

Media Contact:

Jamie Braverman
Jamie.Braverman@invesco.com
212-278-9630

Evoke Wealth Selects RedBlack for Portfolio Rebalancing, Order Management and Straight-Through Processing

Technology Enables Investment Advisory Firms to Maximize Productivity, Reduce Costs and Save Time

BEDFORD, N.H., November 19, 2019 — RedBlack Software LLC, the independent market leader for portfolio rebalancing and trading, today announced that Evoke Wealth, LLC (Evoke), a Los Angeles-based registered investment advisor with approximately $3.8 billion in regulatory assets under management, has selected RedBlack for portfolio rebalancing, trade order management and straight-through processing.

“Our partnership with Evoke underscores our commitment to deliver best-of-breed portfolio rebalancing and trading solutions that enable investment professionals to maximize productivity, reduce costs and save time,” said Daniel C. Potter, President and Chief Executive Officer of RedBlack. “We have enjoyed a long and successful relationship with the principals of Evoke, and we look forward to helping them grow in this dynamic market.”

Evoke provides holistic and personalized financial planning and discretionary and non-discretionary investment advisory services to individuals, including high net worth individuals, and entities, including family offices, trusts, estates, private foundations, charities, small businesses, and pension and retirement/profit-sharing plans.

RedBlack’s relationship with the Evoke leadership team dates back nearly a decade, approximately two years after the team’s formation of Luminous Capital. Luminous was an early client of RedBlack, a relationship that continued through First Republic Investment Management’s 2012 acquisition of Luminous and, now, the formation of Evoke earlier this year.

“When we started Evoke, we recognized that while there were other potential partners, we had a trusted partner in RedBlack, a firm we knew we could rely on,” said Evoke Partner Jason Lefton. “The evolution of the RedBlack platform made it an easy decision for us. We have always found that, whether we needed new functionality or wanted to streamline a manual Excel process, RedBlack has worked with us to ensure an even better solution than the one we had in place.”

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 $500 billion in assets under management. For more information, please visit www.redblacksoftware.com.

IEQ Capital Selects RedBlack for Portfolio Rebalancing, Order Management and Straight-Through Processing

Technology Enables Investment Advisory Firms to Streamline Client Workflows and Enhance Efficiency as They Scale

BEDFORD, N.H., November 12, 2019 — RedBlack Software LLC, the independent market leader for portfolio rebalancing and trading, today announced that IEQ Capital, LLC (IEQ), a Foster City, California-based registered investment advisor with approximately $8.2 billion in regulatory assets under management, has selected RedBlack for portfolio rebalancing, trade order management and straight-through processing.

“Our partnership with IEQ underscores the foundation on which RedBlack was built 11 years ago: deliver a robust, dedicated technology solution that enables advisors to efficiently manage portfolios and help clients reach their investment objectives,” said Daniel C. Potter, President and Chief Executive Officer of RedBlack. “We have been privileged to work with the principals of IEQ for the better part of a decade. We are excited about continuing our long and successful relationship to help IEQ continue to grow and address evolving client needs in this dynamic market.”

IEQ provides portfolio management and investment advisory services primarily to individuals, high net worth individuals or families, as well as trusts, foundations, endowments, non-profit organizations and other business entities.

RedBlack’s relationship with the principals of IEQ began nearly a decade ago, shortly after their formation of Luminous Capital. The relationship has continued through First Republic Investment Management’s 2012 acquisition of Luminous and, now, the formation of IEQ earlier this year.

Dean Horwitz, Partner & Chief Operating Officer for IEQ, said he values RedBlack’s responsiveness and the seamless nature of the technology. “Often you are talking to people at RedBlack who have been there for many years, and they understand the software extremely well,” Horwitz said. “They are also very proactive in getting input for new developments and their roadmap, and learning whether certain initiatives would be helpful for our organization. They take the pulse of the market, which is important because not all companies are doing that to drive their future development.”

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 $500 billion in assets under management. For more information, please visit www.redblacksoftware.com.

Contact:
Scott Solomon
Sharon Merrill Associates, Inc.
(857) 383-2409
RB@investorrelations.com