Sound Income Strategies, a registered investment advisory (RIA) firm with more than $1.4 billion in assets under management (AUM), has implemented RedBlack, an intelliflo solution, which is a leading wealth management industry provider of rebalancing and trading software. Using RedBlack enables the firm to create block orders for best execution on one platform across multiple portfolios.
Sound Income Strategies required a more sophisticated, multi-asset software platform that provides household-level rebalancing, advanced drift reporting, independent trading, FIX connectivity with block order capabilities, and integration with their key partners.
Eric Lutton, CFA, Chief Investment Officer at Sound Income Strategies, said: “As we grew, we became keenly aware we would need a new platform to streamline reporting, trading, compliance, and portfolio-specific customizations. Adding RedBlack gives us all that with the highest levels of accuracy and efficiency. The platform provides a great deal of sophistication, flexibility, and efficiency that we needed and now we can monitor for drift and run ‘what-if’ scenarios prior to execution, plus dynamically align and rebalance portfolios across our entire book of business.”
“RedBlack makes it more efficient for firms to build and manage a universal modeling strategy, and customize clients’ retirement and tax strategies at scale. Ultimately, this allows for more client engagement,” said Jennifer Valdez, President, Americas for intelliflo. “Our dynamic model capabilities are especially appealing to firms like Sound Income Strategies, who have many sophisticated models and strategies, and need customization and workflows to drive greater scale across rebalancing, trading, and order management.”
About Sound Income Strategies
Sound Income Strategies is a Registered Investment Advisory firm specializing in the active management of income-generating portfolios. It was founded by David J. Scranton (CLU, ChFC, CFP®, CFA, MSFS), who has been recognized during his 30 years in the industry as an advisor who is particularly protective of his clients’ assets. For the past 20 years, he has specialized in the universe of income-generating savings and investment strategies. Sound Income Strategies’ vision is to change the face of retirement for Baby Boomers. Their income-generating strategies are available to the public through Sound Income Strategies’ easy-to-trade and low-cost exchange-traded funds (ETFs). These ETFs were created specifically for retirees and those approaching retirement who want income-producing investment flow. For more information, visit soundetfs.com.
About RedBlack, an intelliflo solution
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.