AutoPilot, an automated asset management platform from CLS Investments and Riskalyze, officially went live Thursday.
Like other tech tools for advisors, AutoPilot aims to help advisors reach next-generation clients, streamline the account opening process and make it more cost-efficient to service smaller accounts. Advisors using AutoPilot can plug the platform directly into their websites to let clients access Riskalyze’s risk tolerance programs, sync assets across accounts, open a new account and e-sign documents—all while operating under an advisor’s individual brand.
After a client opens an account, advisors get to decide how hands-on they would like to be. The AutoPilot team can be employed to handle the trading, rebalancing and client service calls for account management. Autopilot has no upfront fee and plans start at 25 basis points…..