BLEAKLEY FINANCIAL
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“ We eventually went to RedBlack , which we felt was by far the best fit specifically for our business ”
— Kyle Wesley , CDO , Bleakley Financial ability to continue to expand . “ I am responsible for all of our internal digital technology , setting up compliant practices when new offices are onboarding , making sure they understand that technology , making sure that we ’ re reviewing our internal technology and generally ensuring that we function day-to-day ,” explains Wesley .
Before he came on board , Bleakley had committed to Morningstar ’ s tRx ( Total Rebalance Expert ) solution for household rebalancing alongside its core portfolio accounting platform Orion . It was an ad hoc decision that worked well at the time , he explains , though after a while tRx showed it wasn ’ t flexible enough to service clients ’ portfolios across the book in a tax-efficient way and update their legacy positions . Rebalancing portfolios at scale when Bleakley has more than 10,000 accounts on its books , each containing a complex mix of assets , is a hard-to-solve challenge . “ This led us to look at other platforms ; we eventually went to RedBlack , which we felt was by far the best fit specifically for our business .”
Bleakley needs to be flexible around
MAY 2020