FPPad Bits and Bytes for December 14

Matt Abar, CEO of FinFolio

Watch today’s FPPad On Air broadcast at 4:15pm ET, as my guest will be Matt Abar, CEO of FinFolio.

Visit my Twitter profile page around 4:00pm ET for the broadcast link.


Now on to this week’s stories of interest:

Greg Friedman is set to finally bring Junxure to the cloud and beat back the Salesforce-ification of the industry from RIABiz.com

[Over 10+ years, Junxure desktop has attracted 10,000 users across 1,500 firms. It’s a great accomplishment for a niche CRM provider, but the momentum and innovation in cloud services, including cloud CRM, is challenging Junxure’s raison d’être. Will they be able to successfully pull off a transition of some or all of their users to the cloud?] As Greg Friedman takes Junxure to the cloud, he’s taking the gloves off with Salesforce — bolstered by new technology and a sense that the CRM giant is leaving much on the table in functionality and quality of service.

Surface to Air: Is Surface Going to be a Player in Financial Services? from WealthManagement.com

[Microsoft’s surface has a huge gap to close if it wants to be a contending tablet. Apple’s iPad has sold over 100 million units worldwide, and Microsoft chooses not to disclose early numbers of its Surface RT. Will the introduction of the $900 Surface Pro change anything? I doubt it.] Along with Windows 8 tablets for sale this year is Surface, a Windows 8 tablet that is meant to bully the iPad into submission. The likelihood of that in the near future? Slim, says financial services experts.

Total Rebalance Expert Integrates With Morningstar Office(SM) from MarketWatch

[Isn’t Morningstar Office supposed to be rebuilding their internal rebalancer? I’ll need to check with them once again, but for now, advisers using TRX’s rebalancer (see: Total Rebalance Expert CEO Sheryl Rowling on how rebalancing software saves advisers $325,000 per year) don’t have to wait for Morningstar anymore in the wake of this latest integration.] Total Rebalance Expert (TRX) today announced a data integration agreement with Morningstar, Inc., a leading provider of independent investment research. Now, advisors can automatically import their portfolio data from Morningstar Office(SM), a global practice and portfolio management platform for independent financial advisors, into TRX’s software platform to streamline and simplify the rebalancing process.

Half-financed by RIAs, AssetBook rolls out ‘Radar’ to put big RIAs in its range from RIABiz.com

 [You’re likely aware you have alternatives in portfolio management software to the heavyweight products from Advent, Schwab, and Albridge. AssetBook, born from descendants of dbCAMS, is a very good and low-cost solution with many of the same features offered by those mentioned earlier. It’s also a service bureau, meaning you don’t need to spend each morning reconciling transactions and new positions that come in your overnight data feeds. So for less than $30/account/year, AssetBook is one to consider for advisers looking to move to the cloud and to benefit from the experience and service of a portfolio services bureau.] AssetBook Inc. has long been a niche choice for smaller RIAs looking for an affordable platform. But, with a new portfolio-reporting platform full of bells and whistles expected to roll out in the first quarter of 2013, the McHenry, Md.-based software company is luring larger firms away from more established competitors.

TD Ameritrade Institutional Earns Top Marks for Advisor Satisfaction in Financial Planning Magazine’s 2012 Tech Survey from MarketWatch

[Let’s cut to the chase: TDAI’s Veo® Open Access now has over 60 vendor integrations, received the most “very satisfied” ratings in this year’s Financial Planning Tech Survey, and services thousands of TDAI’s 4,500 RIAs. If you had to start over today and choose a new custodian, who would you choose?] TD Ameritrade Institutional’s Veo(R) open access initiative, an industry wide-effort to deliver quality technology integrations to advisors, has helped the custodian secure top scores for advisor satisfaction in this year’s Financial Planning Tech Survey.


5 Responses to “FPPad Bits and Bytes for December 14”

  1. Roel Vlemmings December 14, 2012 5:43 am #

    Hi Bill,

    As usual, a very informative update!

    Just wanted to let you and your readers know that Morningstar Office users also have the option of using RedBlack for rebalancing and trading. RedBlack has offered integration with Morningstar Office since April 2011.

    Roel Vlemmings, Founder and Chief Architect, RedBlack Software

    • Bill Winterberg December 14, 2012 7:43 am #


      Excellent, thanks for reminding me that RedBlack is another rebalancing software option for users of Morningstar Office.


      • justin smith December 17, 2012 10:26 pm #

        Did you find anything out with M* office and their internal rebalancer?

        • Bill Winterberg December 18, 2012 8:44 am #


          Not yet. I’ll give you an update when I hear something that can be shared publicly.

        • Bill Winterberg December 18, 2012 9:53 pm #


          I received a reply from Michael Wilson, vice president of advisor software at Morningstar. He said that they currently are not moving forward with development of their own tax-aware rebalancing tool, but that certainly can change in the future.

          For now, Morningstar Office users can take advantage of integrations with TRX, iRebal, Tamarac, TradeWarrior, RedBlack Express, and BlazePortfolio.

          Hope that helps!

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