softTargetinc. to optimize portfolio management of HollisWealth's Retail Financial Advisory business
softTarget inc., a global front office solution provider for wealth managers announced the signature of an Agreement with HollisWealth Inc. (formerly “DWM Securities Inc.”), a subsidiary of DundeeWealth Inc., for the deployment of its iBalanceTM portfolio management platform. The solution provides state-of-the-art Portfolio Modeling capability, Optimized UMA/UMH Portfolio Rebalancing, Tax Optimization and integrated Compliance Workflow Management.
“The high degree of portfolio management flexibility, the intuitive rules that allow for efficient application of a single model across multiple accounts and the user friendly interface will support our retail portfolio managers in providing a more customized client experience while adding efficiencies to their businesses,” said Steve Sparrow, Vice President Products and Services of HollisWealth.
“We are proud of being selected by such a forward thinking and client-centric firm like HollisWealth to satisfy the growing need for flexible and efficient modeling in the wealth management business. We are often told that our solutions are 2 to 3 years ahead of competition and this recognition motivates us to remain focused on delivering the most intelligent rebalancing system on the market in response to the demanding requirements, in particular for tax optimization and UMA/UMH accounts management,” said softTarget’s President Claude Laurendeau.
DundeeWealth is a wholly owned subsidiary of Scotiabank and part of the Bank’s Global Wealth Management division. It provides investment solutions and advisory services to financial advisors, institutions, corporations and foundations, as well as innovative wealth management through independent financial advisors across Canada.
softTarget inc. is a provider of best-of-breed software for the investment management industry. Its iBalanceTM advanced portfolio management solution enables portfolio managers, investment advisors, compliance officers and other key players to work together efficiently, allowing for cost effective customized portfolio management.