Total Rebalance Expert, which makes software for rebalancing investment portfolios, has acquired PowerAdvisor, a portfolio management software company. What’s going on?
Sheryl Rowling, the owner of TRX, says PowerAdvisor has about 100 RIAs using its software, covering about 300 investment advisors.
PowerAdvisor, a portfolio management app made by a company called Cornerstone Revolutions, was born about a decade ago as “PowerBroker.” It was written up by the advisor tech press in 2004 as the next big thing for RIAs and named “rookie of the year.&
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