Advisor Software Acquires Asset Management Firm

Advisor Partners provides investment management services to independent advisers and financial institutions through its Separately Managed Accounts Program and Managed Portfolio Program and also constructs customized model portfolios for financial institutions.

The Managed Portfolio Program allows institutions to outsource their existing wealth management offering or establish a new program. The program is designed for advisers who have raised their minimum account size over the years, yet wish to maintain a high level of service to smaller legacy accounts, according to a news release.

The Separately Managed Accounts Program is a customized, tax-managed and index-based core equity allocation. The program focuses on active tax management through tax loss harvesting in order to offset capital gains.

“By expanding our capabilities with Advisor Partner’s unique investment management programs, we will be able to offer clients our institutional-caliber wealth planning software as well as cutting-edge investment strategy alternatives,” said Andrew Rudd, chairman and CEO of Advisor Software, in the release.