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

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.