Dayton, Ohio-based registered investment advisory (RIA) Dover Partners, Inc. has implemented intelliflo’s RedBlack, which is a leading wealth management industry provider of rebalancing and trading software. RedBlack provides the firm with account and household level rebalancing, multi-tier portfolio models, and integration with Clearwater Analytics’ investment accounting system.
Dover Partners was looking for an alternative to its former rebalancing and trading software after experiencing inefficiencies using the system and felt RedBlack would be a better fit for its rebalancing needs. Integration with Clearwater Analytics was a key requirement to enhance current workflows, reduce unnecessary manual work, and ensure continuity between systems.
Josh Smittkamp, Chief Operating Officer at Dover Partners, said: “In addition to RedBlack being the best rebalancing platform for our needs, with a Clearwater integration, we were also impressed with its householding and multi-tier modeling capabilities, as well as the level and consistency of service they provide.
“Our focus on personalized service is a good match for RedBlack as it gives us greater flexibility to meet specific client portfolio needs and requests for improving their tax efficiencies, meeting their asset location preferences, and personalizing their risk profiles. RedBlack’s service and support are outstanding – which is, quite frankly, a breath of fresh air in the wealthtech industry.”
“We welcome Dover Partners to the RedBlack and greater intelliflo family. We know our customers need an open architecture system to integrate with previously purchased software and we are committed to that flexibility. Our platform gives advisors more flexibility to build out and personalize portfolio models resulting in greater efficiencies through mass portfolio modeling and customization at the household level while aligning to the firm’s and clients’ strategic approaches to portfolio management,” said Jennifer Valdez, president, Americas for intelliflo.
About RedBlack, an intelliflo solution
intelliflo’s RedBlack provides investment professionals with the rebalancing, trading and order management solutions they require to manage complex portfolios efficiently and at scale. We help sophisticated U.S. registered investment advisor (RIA) and wealth management firms of all sizes, including single and multi-family offices, to streamline their business through greater operating efficiencies while generating more time to spend on client relationships. RedBlack’s best-in-class rebalancing and trading solution provides our customers easy access to leading technology and investment partners through our open architecture integration to deliver advisor-powered digital flexibility, efficiency and innovation. For more information, visit redblacksoftware.com.
RedBlack is part of intelliflo, which widens access to financial advice through leading technology which powers the financial advisory experience. We use open software architectures combined with unmatched industry experience to simplify a complex digital landscape to help advisors compete and grow. Our solutions support over 30,000 financial advisors worldwide, representing over three million end-investors, with over $1 trillion assets serviced across intelliflo.