NorthStar and Axioma Partner to Provide Industry-Leading Portfolio Construction, Rebalancing and Overlay Management Solutions
Inc., a leading provider of wealth management software solutions, has signed a
strategic partnership agreement with Axioma, Inc., a leading global provider
of decision support, risk analysis and portfolio rebalancing tools, to provide
advanced portfolio construction, rebalancing and overlay management solutions
that automatically build and rebalance portfolios based on a client’s
predefined investment policy.
Until now, rebalancing and overlay management have typically been
un-integrated functions managed by middle- or back-office personnel. The
NorthStar-Axioma solutions bring these core functions into an integrated
front-office advisory process, which enables advisors to more proactively
service clients in this time of unprecedented market volatility and helps
firms to lower their overall cost of service.
Under the agreement, Axioma’s industry-leading optimization engine is now
combined with
address two critical industry pain points, including:
(1) An essential overlay management system to implement and maintain
unified managed accounts (UMAs), and;
(2) A consistent portfolio construction and rebalancing system to ensure
all portfolios are implemented and maintained in a standard,
tax-efficient and compliant manner at all times.
“The NorthStar-Axioma portfolio rebalancing and overlay management
solutions are critical to advisors in order to implement and monitor
portfolios for an agreed investment policy,” said
president,
better ways to offer more personalized services so they can address their
clients’ specific risk, return and tax-efficiency needs, which this joint
offering now provides in a powerful way.”
“We are pleased to partner with
solution for today’s wealth managers,” said Sebastian Ceria Ph.D., President
and CEO of Axioma. “Axioma’s flexible optimizer can help advisors rebalance
portfolios and maximize their investment objectives, while including tax-aware
considerations and a broad collection of compliance rules.”
Joint Solution Highlights:
The overlay management solution, which handles proposals and maintenance
of UMAs, includes sophisticated tools to maintain manager portfolio weights,
rebalance a portfolio and to comply with a client’s given asset allocation.
The rebalancing solution proposes and implements a single, tax-optimized
portfolio across multiple accounts with various account registrations based on
a client’s asset allocation and investment investment-policy compliance
requirements. The solution is unique because it can automatically select the
best products to build a client’s portfolio and it can automatically rebalance
and optimize the portfolio selections as needed to match the client’s
investment policy or adapt to manager or product changes. Additionally, the
rebalancing solution can provide real-time alerting to the advisor when the
portfolio is in need of rebalancing, thereby allowing the advisor to be
proactive in serving clients.
Both solutions are instrumental in extending the client profile and
related investment policy statement to portfolio proposal and implementation.
As a result, these advanced portfolio construction and overlay management
solutions help wealth managers and their teams ensure client-centric service
across the entire lifecycle from initial proposal generation and portfolio
implementation through ongoing portfolio rebalancing and client reporting.
The joint solutions are available immediately from
information, please contact
sales@northstar.com.
About NorthStar Systems International:
firms to dramatically improve productivity and drive profitability.
leaders use
workflows with NorthStar Desktop, NorthStar Client Acquisition Solution,
NorthStar Client Reporting Solution, NorthStar Compliance Solution, and
NorthStar Product Catalog Solution. For more information about
premier clients and award-winning software, visit http://www.northstar.com.
About Axioma:
Axioma, Inc. develops and markets innovative risk analysis, portfolio
rebalancing and performance attribution products for the financial services
industry. Founded in 1998 and headquartered in
offices in
helps leading financial firms manage risk, increase returns and improve
operational efficiency. For more information about Axioma, please contact
http://www.axiomainc.com.
NorthStar Media Contact:
Chris Faust
FastLane
973-226-4379
cfaust@fast-lane.net
Axioma Media Contact:
Ellen Kiernan
Axioma, Inc.
212.991.4503
ekiernan@axiomainc.com
SOURCE NorthStar Systems International, Inc.