Enhanced functionality streamlines and strengthens cash management for advisors, helping them save time and reduce errors

RedBlack, a leading provider of wealth technology and managed services, today announced several new advanced cash management capabilities to its award-winning rebalancing and trading platform, further addressing advisors’ comprehensive cash management needs.

As RIAs are increasingly challenged with a mix of portfolio strategies that span single accounts to complex households, cash management often becomes a manual, time-consuming and error-prone process. In response, RedBlack has introduced several new features and functionality into its rebalancing and trading platform to address these challenges and simplify cash management.

Recent enhancements include:

• Customized default money market funds to act as sweep vehicles, enabling advisors with seamless cash management while keeping cash in higher yield vehicles.
• Account-specific sweeps allow advisors to customize sweeps for each account, reflecting client goals.
• Bulk edits across accounts allow advisors to review and manage cash actions across the entire portfolio, so they can act quickly and at scale.
• Household-level management maintains liquidity and supports client cash requirements.
• Tax-efficient cash raising minimizes taxable gains while freeing up needed cash.

“Managing cash effectively has become crucial for any financial advisor, which is why we have purpose-built enhancements to address their most common pain points," said Jennifer Valdez, Chief Revenue Officer of RedBlack. “Our comprehensive cash management capabilities deliver greater flexibility and precision in cash handling while providing clear, actionable insights into current cash positions. These updates are empowering advisors with a smarter, more efficient approach to cash management, allowing them to save time and improve client outcomes.”

About RedBlack

RedBlack is a leading provider of wealth technology and managed services, empowering financial advisors to scale with confidence and deliver superior outcomes for clients. With its award-winning investment management solutions, RedBlack enables financial advice firms of all sizes to enhance their value, streamline operations, and drive growth. Trusted by the wealth management industry for over 15 years, RedBlack supports more than $825 billion in assets across its platforms. Discover how RedBlack is redefining investment management at www.RedBlackSoftware.com.

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"These updates are empowering advisors with a smarter, more efficient approach to cash management, allowing them to save time and improve client outcomes.”