Pennsylvania-based registered investment advisor (RIA) firm Logan Capital Management has implemented rebalancing and trading software from RedBlack, an intelliflo solution, as part of a major initiative to enhance its ability to support the sophistication and scale of its growing business. Partnering with RedBlack reduces complexity for Logan Capital’s advisors, allowing them to provide better service to their clients.
Stephen Lee, founding principal and partner at Logan Capital, said: “We needed a more efficient and sophisticated solution to match our diversified investment strategies tailored to client needs. RedBlack worked closely with us to ensure a superior rebalancing process across our trading department, principals and portfolio managers. The result is a best-of-breed technology ecosystem with advanced rebalancing capabilities and workflow efficiencies to help us continue along our growth path.
“We are very early in the implementation and we are already seeing significant improvements in the quality of our service and productivity. Our team will be able to work with more clients with the same resources and expand our ability to meet specific client needs. This is particularly important in the unpredictable environment we are all in today.”
Logan Capital is adding household and sleeve rebalancing, dynamic models, and stronger equivalents and restrictions, as well as streamline processes through improved workflows and integration across its technology stack.
Logan Capital also utilizes RedBlack’s integration with the Clearwater Analytics portfolio management system, as well as RedBlack’s partnerships with FIS Global for FIX connectivity and trading with the firm’s 32 custodians (including Schwab, Pershing and JP Morgan), and Quote Media for data feeds and other dynamic financial content.
Paul Miglino, head trader at Logan, said: “Previous platforms had strong order management but weak rebalance capabilities, and did not support the complexity of rebalancing households or provide model flexibility as RedBlack does. Specifically, RedBlack’s equivalents and deeper restriction capabilities are especially important to us and the clients and partners we serve, as are dynamic models which will allow our key partners to apply custom account models.”
John Grimaldi, president and CEO at RedBlack Software, said: “Growing RIA firms like Logan Capital often come to RedBlack when they reach the limits of their rebalancing capabilities and need modernized workflows to increase efficiency and scale. The depth and breadth of RedBlack’s capabilities are unmatched and constantly evolving to help firms customize investment management strategies, improve maintainability, and provide sophisticated yet seamless and flexible rebalancing scenarios and models their clients and partners demand.”
About Logan Capital Management
Located in Ardmore, Pennsylvania, Logan Capital Management is an independent 100% employee-owned investment advisor founded in 1993. The firm delivers high-quality equity and fixed income investments and strong client service to institutional clients, strategic partners and individual clients. The common theme across all strategies is a clear investment process with defined goals and consistent execution.
About RedBlack, an intelliflo solution
RedBlack provides investment professionals with the rebalancing, order management, and trading 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 manage more money while increasing profitability. 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.
RedBlack is part of intelliflo, which widens access to financial advice through leading technology powering 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 $900 billion advised across our platforms.