IOOF launches re-weighing functionality
IOOF has today announced the introduction of its re-weighing functionality for the IOOF Persuit online portal, which will allow advisers to re-weight pre-determined portfolio instructions.
IOOF head of product, Chris Weldon, said the solution would benefit advisers looking to cut costs and delivery times for clients.
"Auto-rebalancing will come as a welcome relief for the many advisers seeking a platform with capabilities that make a real difference," he said.
"It will allow [advisers] to automatically keep clients' portfolio asset allocations, in line with their investment goals."
IOOF, which had $15.9 billion in funds under administration at 30 June, will make the function available in its online portal, Portfolio Online.
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