Scivantage to Deliver Automated Portfolio Rebalancing to Financial Advisors

Module eliminates manual, time-consuming, error-prone processes to increase accuracy and improve productivity

Direct integration with back-office clearing and custody systems for real-time analysis and straight-through processing (STP) of transactions

Powered by sophisticated rebalancing technology from MyVest®

JERSEY CITY, N.J., November 15, 2010Scivantage, a leading provider of Web-based, front- and middle-office technology solutions to the financial services industry, announced today the availability of its new Portfolio Rebalancing module that allows financial advisors to streamline the process of rebalancing and trading their clients’ accounts.

Developed using proven rebalancing technology from MyVest®, a comprehensive wealth management technology provider, Scivantage’s Portfolio Rebalancing module is an enterprise solution that automates the rebalancing and trading of client accounts, while providing the necessary capabilities to ensure compliance with firm-level policies. Built on the Scivantage Investment Platform™, and available as a premium application of Scivantage Professional™, Portfolio Rebalancing simplifies the labor-intensive, complex process of monitoring an advisor’s client base for portfolio drift and ensures client accounts are automatically aligned with its firm and/or advisor-defined model and asset allocation target.

Leveraging Scivantage Professional’s integration with a firm’s back-office clearing and custody systems, Portfolio Rebalancing offers real-time access to each account’s holdings and provides straight-through processing of all transactions. Scivantage’s rebalancing solution uniquely delivers sophisticated portfolio management coupled with real-time order execution to deliver an immediate competitive advantage for financial advisors. From the initial creation of target portfolios, through maintaining adherence to the investment model within the designated drift tolerance, advisors are now able to manage increasing numbers of client portfolios, without the burden of inconsistent data, disparate systems and cumbersome processes.

“Portfolio rebalancing is an important and necessary service that financial advisors provide to their clients,” said Joe Stensland, senior vice president marketing and products, Scivantage. “Traditionally, advisors have had to rely on overly complex data collection and manual, time-consuming tools or spreadsheets to monitor and rebalance client portfolios. Working with MyVest, we were able to develop an enterprise-level portfolio rebalancing solution that automates the rebalancing process and enables financial advisors to deliver best practice portfolio management to all of their clients in a disciplined and consistent fashion, in a fraction of the time previously required for rebalancing.”

Scivantage’s Portfolio Rebalancing is the latest application offered by Scivantage that is designed to automate key revenue-generating processes within the wealth management workflow. This powerful new application automates time-consuming, manual rebalancing tasks and ensures client accounts are routinely aligned with pre-defined investment strategies, thereby increasing both client value-added and advisor productivity, while streamlining back-office processes. Key features include:

  • Ability to rebalance a single account or multiple accounts, plus set drift tolerances for each portfolio
  • Monitoring of all portfolios for drift beyond pre-defined tolerances
  • Advisors create and maintain portfolio models consisting of mutual funds, stocks and exchange-traded funds (ETFs)
  • The firm’s investment group can create and manage asset allocation models for use by advisors firm-wide
  • Define %-weighted or share-weighted models, plus models of models, with multiple tiers
  • Define client-specific restrictions and model overrides
  • Customize rebalance settings at the account and/or global-level
  • Real-time, straight-through processing of transactions utilizing Scivantage Professional Trade Processing system and back office interfaces
  • Immediate access to current positions and cash from books and records system
  • Leverages Scivantage’s Automated Trade Review engine to validate trade orders prior to execution

To learn more about Scivantage Professional, visit or call us at 866.724.8268.

About Scivantage Professional

Scivantage Professional is an integrated wealth management workstation that brings together mission critical tools and resources to help brokers and financial advisors successfully manage their book, make critical decisions and grow their business. From advanced trade processing, cost basis reporting and portfolio rebalancing to automated account opening and financial planning, Scivantage Professional offers a modular design that supports the needs of financial advisors, branch managers, operations personnel and home office support staff. This innovative, back-office independent solution seamlessly integrates with all major and proprietary back office and clearing systems, as well as third-party solution providers.

About Scivantage

Leading financial institutions depend on Scivantage for essential front- and middle-office applications that deliver transaction-critical data, automate key business processes and drive operational efficiencies. Scivantage’s proven, back-office independent brokerage solutions offer a powerful suite of applications that span the workflow of financial professionals and support the complex investment needs of the retail investor. From online trading and event notification management to automated account opening, maintenance and funding, Scivantage enables financial institutions and financial professionals to dramatically reduce operational costs, strengthen customer relationships and improve productivity. For more information, please or contact us at +1.866.724.8268.

Enabling Financial Transactions. > Automate > Connect > Transact

About MyVest

MyVest is a leading innovator in enterprise wealth management technology. MyVest’s Strategic Portfolio SystemTM (SPS) is an online enterprise wealth management technology platform that automates the construction, optimization, and distribution of personalized portfolios for high net worth (HNW) investors. SPS automates consolidated household management, proactive tax reduction, risk monitoring and rebalancing while enforcing suitability, firm-wide consistency and compliance – making it possible to scale a firm’s investment know-how across a nationwide client base and advisor organization and win significant new assets under management (AUM) by automating superior wealth management for large and small investors alike. For more information, please visit

Posted in Press Release.