How iRebal on Veo has Automated Investment Management and Increased Revenues For One Firm, and Can Do the Same For You!
The adoption and implementation of iRebal on Veo brought about a fundamental paradigm shift for the firm Avocet Capital Management. This shift is represented by the firm’s ability to substantially increase efficiency and productivity, institutionalize and systematize the investment decision making process, while also proving successful in providing better value to clients and increasing revenues for the firm.
Alan Lowey, of Avocet Capital Management, who previously custodied at Schwab, recently transitioned to TD Ameritrade. Lowey transitioned with clear intention of taking advantage iRebal on Veo, aiming to streamline …show more content…
For him, each day consisted of generating an array of reports from his portfolio management system provider and then using those reports to plug in various inputs to an excel spreadsheet – while still having to perform an analysis on the spreadsheet to determine which clients fell below or above model targets. This process, though effective in accomplishing managing model portfolios, proved to be not only time consuming- pulling and pushing data between several applications, but also limited by the fact that reports had to be generated at the end of the day, making the use of real time financial data not …show more content…
With iRebal, models, portfolio assignments and client specific settings are centrally stored and maintained within the iRebal application, with real time data feeding directly from Veo. To streamline the process a step further, Lowey has taken full advantage of iRebal’s scheduled rebalances, allowing him to automate rebalancing client portfolios on a reoccurring basis. For Lowey, this involves simply setting up his client portfolios to run through a rebalance on an overnight schedule. Each night, iRebal automatically triggers a rebalancing workflow for all portfolios included in the scheduled rebalance, whether it be a full rebalance, cash management or tax loss harvesting. Lowey then utilizes the iRebal Veo alerts to notify him of exactly which portfolios need action, prior to him stepping a foot into his office, or out of bed for that
The adoption and implementation of iRebal on Veo brought about a fundamental paradigm shift for the firm Avocet Capital Management. This shift is represented by the firm’s ability to substantially increase efficiency and productivity, institutionalize and systematize the investment decision making process, while also proving successful in providing better value to clients and increasing revenues for the firm.
Alan Lowey, of Avocet Capital Management, who previously custodied at Schwab, recently transitioned to TD Ameritrade. Lowey transitioned with clear intention of taking advantage iRebal on Veo, aiming to streamline …show more content…
For him, each day consisted of generating an array of reports from his portfolio management system provider and then using those reports to plug in various inputs to an excel spreadsheet – while still having to perform an analysis on the spreadsheet to determine which clients fell below or above model targets. This process, though effective in accomplishing managing model portfolios, proved to be not only time consuming- pulling and pushing data between several applications, but also limited by the fact that reports had to be generated at the end of the day, making the use of real time financial data not …show more content…
With iRebal, models, portfolio assignments and client specific settings are centrally stored and maintained within the iRebal application, with real time data feeding directly from Veo. To streamline the process a step further, Lowey has taken full advantage of iRebal’s scheduled rebalances, allowing him to automate rebalancing client portfolios on a reoccurring basis. For Lowey, this involves simply setting up his client portfolios to run through a rebalance on an overnight schedule. Each night, iRebal automatically triggers a rebalancing workflow for all portfolios included in the scheduled rebalance, whether it be a full rebalance, cash management or tax loss harvesting. Lowey then utilizes the iRebal Veo alerts to notify him of exactly which portfolios need action, prior to him stepping a foot into his office, or out of bed for that