Fidelity Investments today said it added a portfolio modeling and rebalancing tool to its Fidelity WealthCentral platform for registered investment advisors (RIAs). Fidelity says the tool enables RIAs to use sophisticated rules and risk-based factors to identify, measure and control overall risk in client portfolios. The rebalancing component incorporates risk, user-defined forecasts and possible tax implications to help create tax-efficient portfolios.
Fidelity says the goal is to help RIAs streamline operations by cutting down on certain tasks such as manually importing and exporting data from one database or application to another. After the portfolio modeling and rebalancing functions are done, the system automatically routes trade orders to Fidelity Order Central.
With its new features, Fidelity says its WealthCentral platform now incorporates a range of tools that includes customer relationship management and financial planning applications.