Deals & People April 25, 2011

Daily Access to Use CLS Investments’ Model Portfolios

Mid Atlantic Trust Company (MATC) announced that third party administrator Daily Access Corporation will be using the firm’s ModelxChange platform.

Reported by

Rebecca Moore

The model portfolios are coming from CLS Investments and include the CLS Wealth Accumulation/Principal Guard AdvisorOne Models and the CLS ETF Models.

ModelxChange allows 401(k) professionals to incorporate investment models into a retirement plan, all through a single, Web-based interface, MATC reports. The platform streamlines the process for plan recordkeepers of integrating and processing model portfolios into a retirement plan, automating many of the steps and eliminating many of the complexities that typically exist with this process.

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For the professional money manager, ModelxChange provides a single system for the creation, execution and on-going management of investment models for the 401(k) marketplace. Through its interface, managers can set-up and manage their investment models on ModelxChange, and then deliver those models and any investment changes to each individual 401(k) plan automatically.

Ryan Byrne, V.P. of Business Development for CLS Investments, LLC explained in the announcement that “with ModelxChange, we now have the ability to trade just once whenever we make a change to a model. All plans utilizing our models through any 401(k) record keeper are updated simultaneously, saving us a lot of time and hassle. We can also easily track billing for each plan on an automated basis, and this coupled with other significant cost saving features of ModelxChange allow us to deliver a much more cost efficient product to the participants.”