Bluegrass Portfolio Management, LLC Adds BrokersXpress as Choice of Custodian

Bluegrass Portfolio Management, LLC has added online discount broker BrokersXpress as a choice of brokerage firms where clients may hold managed accounts. The addition of a new custodian allows greater flexibility for existing and potential clients, and in some cases, lower trading costs.

LEXINGTON, Ky. (PRWEB) August 2, 2005 -- Bluegrass Portfolio Management, LLC - a Lexington, Kentucky based registered investment advisor - manages brokerage and retirement accounts for investors seeking better than average returns, while only assuming moderate risk.

Their primary holdings are individual equities, and funds or ETFs are used to strategically diversify portfolios. The advisory is best known for its unique philosophy that diversification is misused in the investment industry.

While allocation plays a critical role, Chief Analyst James Brumley argues that Wall Street preaches diversification to the point of dilution. Clients of Bluegrass Portfolio Management remain diversified across several industries and sectors, but they'll only own sectors that are outperforming the broad indexes. Bluegrass Portfolio is also known for style and regional strategies, as opposed to the typical focus on large-cap stocks, and companies in the news.

BrokersXpress is a broker/dealer focused on servicing registered advisors, providing low-cost trading platforms, and a wide array of trading tools. The BrokersXpress platform and web technology is powered by OptionsXpress, the top-rated broker in Barron's 2003, 2004, and 2005 online broker survey. The creation of this new partnership will give Bluegrass Portfolio Management clients greater visibility in the money management process, and at the same time, provide superior real-time trading tools.

Some of these features include real-time streaming quotes, a stock screening function, and a trade profitability calculator. The group trading tool will allow a third-party advisor such as Bluegrass Portfolio Management to place trades in all managed accounts as if it were one account, though the customers accounts remain segregated. The ease of use of this tool will improve client account monitoring and trade executions.

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