From the November 2007 issue of Investment Advisor • Subscribe!

Keeping It All in Balance

Schwab Institutional

# of RIAs: Approximately 5,000 firms

Web-based?: Yes, except for Portfolio Center.

Cost: Primarily free. Does charge for Portfolio Center.

Supports: Advent, dbCAMS, IAS and others

Current & Upcoming Bells and Whistles: Real-time cash rebalancing; cashiering and wire requests can be followed online.


# of RIAs: Approximately 3,500 firms

Web-based?: Most features Web-based.

Cost: Varies. Certain extras such as access to Oracle and NaviPlan features incur additional costs.

Supports: WebEx and others.

Current & Upcoming Bells and Whistles: Ability to view asset classes and positions on alternative investment streams; pre-populated fields for new account applications.

TD Ameritrade

# of RIAs: 5,000 after Fiserv acquisition.

Web-based?: Completely Web-based; enhanced applet to download.

Cost: Free, except for iRebal that starts at $50,000 a year.

Supports: ACT, Junxture-i, Outlook among others.

Current & Upcoming Bells and Whistles: Automatic flags for rebalancing; online check requests.

Pershing Advisor Solutions

# of RIAs: 480 firms

Web-based?: Features both Web-based and client-installed.

Cost: Free

Supports: Advent and others.

Current & Upcoming Bells and Whistles: Tax-optimizing and tax-aware rebalancing; alerts when trades and money transfers have been completed.

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