U.S. Patent Sought on Automated Portfolio Rebalancing Program

Software firm MDL Associates has applied for a U.S. patent on its automated portfolio rebalancing system, FLEXbalance. The system is designed for use by independent investment advisors with their ETF portfolios, monitoring asset allocation for variances minute by minute and executing trades immediately when needed.

Orange, CA (PRWEB) June 13, 2009 -- The core of a complete platform built for independent investment advisers, now it's also patent-pending: the FLEXbalance™ portfolio rebalancing system from MDL Associates effectively automates trade calculations and execution. The software is firm based in southern California and filed its patent application just three weeks ago.

Distributed by Minuteman Advisor Services, the system is available for license only by a registered investment advisor. It provides minute-by-minute tracking of portfolio asset allocation and when any asset class exceeds a preset tolerance, immediately calculates and executes trades via a computer-to-computer interface with the industry standard FIX protocol.

"Other rebalancing programs may calculate required trades for a rebalancing action, but they just spit out instructions that the advisor has to execute on their own or fax over to a trade desk," explains Mitchell Maynard, the architect and developer of the program. "Rebalance instructions on an ETF portfolio can quickly become meaningless if the advisor waits too long to execute. The FLEXbalance system removes that concern by automating the entire process."

Minuteman Advisor Services provides a complete internet-based software platform for advisors who manage index ETF portfolios that integrates the FLEXbalance™ system, consolidated performance reporting, and a relationship with a custodian and self-clearing brokerage firm. This high level of integration results in a significant cost savings to the advisor and their clients. It is also an ideal option for the newly-formed RIA, who with no advisory "track record" may otherwise have a difficult time being accepted by a custodian or clearing firm.

For more information on the FLEXbalance™ system and the complete Minuteman platform for registered investment advisors, visit the Minuteman Advisor Services web site at www.minutemanadvisor.com.

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