intelliflo redblack case study: Signet Financial Management

Signet Financial Management scales advanced rebalancing and client portfolio customization with intelliflo redblack’s cloud solution.

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The challenge

As Signet’s business steadily expanded across different types of clients, accounts, strategies and asset classes, its bundled rebalancing tool was unable to keep up with the increased complexity and shifting client demands. In addition, hosting and managing software on-premise became expensive and time-consuming to support growth.

Signet recognized the need to enhance portfolio customization to meet clients’ specific preferences, restrictions and target strategies.

With householding becoming a key requirement, the firm needed to be able to trade accounts as one account, perform tax-loss harvesting en masse, and distribute all assets to deliver clients’ trading and tax efficiencies.

Our previous solution couldn’t rebalance sleeve or household accounts, which limited our ability to give clients what they needed. intelliflo redblack has helped tremendously with fulfilling tax strategies and scaling different types of assets across different types of accounts.

Andrey Yashin

MS, CFA® and director of portfolio management at Signet

The solution

In 2016, Signet implemented intelliflo redblack for rebalancing, trading, and order management to customize portfolios at scale with householding, tax-loss harvesting, and sleeve rebalancing to support tactical movements.

In addition, consistent growth led to the constant maintenance of hardware and connectivity across multiple offices, rising IT staff constraints, and the need to focus more on core competencies, which prompted its move to the intelliflo redblack cloud edition in 2022.

The results

intelliflo redblack’s multi-tier model capabilities play a critical role as Signet continues to customize portfolios and styles to clients’ needs and unique circumstances across different accounts at scale.

Signet increased its AUM from less than $200 million when it started using intelliflo redblack to more than $959 million as of March 2022. As Signet steadily added assets, strategies and clients, migrating to intelliflo redblack cloud offered a more reliable, simple and scalable option while reducing the total cost of ownership.

“Since going live on intelliflo redblack cloud, we’ve improved operational efficiencies, business continuity, and overall agility in a highly reliable cloud-based environment,” said Steve Tuttle, partner, chief investment strategist, and chief compliance officer for Signet. “As always, the intelliflo redblack team was a pleasure to work with and ensured a smooth migration.”