TD Ameritrade Institutional will launch a Web-based version of iRebal, its portfolio rebalancing software program, by late summer or fall.

TD Ameritrade made the announcement today at its annual national conference for financial advisors. The new online version of iRebal is free to advisors who custody assets at the firm.

A big benefit of the online version is that it will be fully integrated with TD’s Veo advisor platform, making it faster and easier for advisors to properly allocate portfolios.

“With iRebal in Veo, advisors can reduce weeks-long processes down to minutes, putting them in a better position to pursue potential opportunities, react to changing market conditions and ultimately provide more valuable service to their clients,” said Tom Nally, president of TD Ameritrade Institutional.

Like its desktop-based counterpart, the Web-based iRebal in Veo will allow advisors to simultaneously rebalance hundreds of accounts while considering unique client circumstances, tax consequences, restrictions and liquidity needs. IRebal will automatically generate trade recommendations for multiple-account-level rebalancing, cash management, tax-loss harvesting and other directed trading functions.

For more information on TD’s iRebal, click here.