Wilton, CT-based registered investment advisor (RIA) Round Rock Advisors has gone live on the RedBlack software solution for advanced rebalancing and streamlined trading to support business growth and a diverse set of clients, advisors and portfolio models.
Prior to RedBlack, Round Rock used Schwab’s custodial solution combined with spreadsheets, which required a number of manual processes including workarounds related to portfolio restrictions and cash actions. RedBlack enables the firm’s trading, operations and advisor teams to use its own portfolio models while providing trading efficiencies through integrated FIX connectivity with Schwab and other custodians.
Craig Jensen, portfolio manager and private wealth advisor, Round Rock Advisors, said: “As we bring on more advisors and grow our client base, we need technology to meet advanced rebalancing requirements as well as integrations to streamline trading. RedBlack provides the sophisticated tools our advisors need to quickly excel and play an integral role in our firm’s success story over the long term.”
John Grimaldi, chief operating officer at RedBlack Software, said: “Growing RIAs must be able to scale and support new advisors quickly. As technology is an integral part of a firm’s client retention and business growth strategy, we are pleased that Round Rock recognized RedBlack as the right rebalancing solution to help them compete on a more advanced level, and continuously create and deliver value to clients across the country.”
Round Rock Advisors provides investment advisory and related services to clients nationally, using a comprehensive, solutions-focused approach to financial planning, asset preservation and income protection.
Round Rock Advisors LLC is a registered investment advisor. Information in this message is for the intended recipient[s] only. Please visit our website www.RoundRockAdvisors.com for important disclosures. Round Rock Advisors LLC does not accept trading or money movement instructions via email.