Schwab Advisor Services Announces Key Enhancements to iRebal

Schwab Advisor Services announced today a range of functional enhancements and a redesigned user interface for iRebal, TD Ameritrade Institutional’s tax-aware, customizable portfolio rebalancing and management solution. Schwab first announced last year that iRebal would be retained as part of the combined Schwab Advisor Services / TD Ameritrade Institutional advisor custody platform. Since then, Schwab has invested in iRebal’s modernization and development, a process that has actively incorporated feedback from independent advisors and reflects Schwab’s overall efforts to continue to integrate technology from both firms and deliver an industry-leading experience.

“At a time when independent advisory firms are growing rapidly, and as we are working carefully to bring together our two leading custody platforms, we saw an important opportunity to innovate and deliver a new version of iRebal that is more modern, user-friendly and scalable,” said Jon Patullo, managing director, Digital Advisor Solutions. “Our goal is to create more efficiencies and make sure that advisors have the information they need at their fingertips, and we are confident the enhancements we have made are intuitive and easy-to-use and can add immediate benefits to advisor’s day-to-day operations.”

iRebal reduces the legwork in complex investment management and rebalancing processes and offers advisors more effective portfolio management designed for tax-efficient rebalancing, dynamic cash management, and tax-loss harvesting, among other capabilities. Among the current enhancements:

• Dashboard view: Reflecting a leading piece of feedback from advisors, iRebal now has a new widget-based homepage dashboard view that gives advisors faster access to the information and the ability to toggle deeper if required. The dashboard summarizes portfolio information and proactively surfaces items for attention, allowing advisors to see their most valuable data at sign-on, and letting them take immediate actions as needed.
• New grid interface: Aimed at giving advisors greater flexibility with data, the new grid interface has enhanced filtering capabilities and the ability to easily copy and paste data directly to other programs. The interface has been designed to maximize large/wide screen monitors so that it reduces the need to scroll.
• Improved navigation, editing and reporting: The introduction of new side sheets means advisors can now make edits within pages without losing their place. They also now have access to new reporting features, including new cash and allocation reports that allow for quick review of accounts. These reports show the status of portfolios and advisors can quickly trigger a workflow with a reduced number of clicks.
• Model Market Center widget: Included in the homepage dashboard is a new Model Market Center widget which alerts advisors to changes in any portfolio models and allows them to drill down and act to rebalance client accounts as needed.

The updates to the iRebal platform are available immediately to all advisors who currently custody with TD Ameritrade Institutional, both existing users who have already begun to transition to the new interface, and to those who are interested in starting to leverage the iRebal in their firms. Monthly educational webcasts are available for advisors who are interested in learning more.