CLS Investments, a third-party money manager and a manager of exchange traded fund (ETF) portfolios, has released an enhanced version of CLS Autopilot, an automated asset management tool for advisers.
CLS Autopilot allows advisers to digitally open accounts and provides direct access to Orion Connect, integrating data on one dashboard.
"The financial industry's quick pivoting around the DOL regulatory changes coupled with technology changes has taught all of us that the core of our industry is as prone to volatility as the stock market," says CLS Investments CEO Ryan Beach. "The enhancements to CLS's Autopilot programme provides advisers and their clients with a technology solution and central hub to seamlessly assist with industry changes, whatever they are, whenever they may come."
The enhanced features of CLS Autopilot allow advisers to access CLS Autopilot directly through the Orion Connect portal via a single sign-on application, proving advisers with the ability to login to one central dashboard where they can access client reporting, account information, client portals and the CLS Autopilot digital account opening platform.
In addition they can open accounts directly from their adviser dashboard, providing them with more flexibility and control when working with clients, and have the ability to view their account plans and make contributions or withdrawals online directly from the Orion Client Portal.
Advisers can also access the new adviser dashboard visibility tool, which helps advisers track account opening progress and resend online applications to clients, and access CLS's AdviserOne Funds (mutual funds) strategy through CLS Autopilot, dropping the account minimum to USD0.
"The CLS Autopilot platform gives advisers the ability to focus on their core workflow, allowing the technology to efficiently handle the back-office processes," says Sean Hollingshead, CLS investments director, investment adviser division. "Now that advisers have direct access to CLS Autopilot through Orion Connect, they can easily access account opening workflows, client dashboards and account reporting from one single sign-on portal, giving them more time to focus on the client."
Autopilot allows advisers to cater to next-generation clients while profitably serving clients who may be below the adviser's current investment minimum requirement. CLS Autopilot is unique to each adviser and allows advisers to segment and grow their business without adding to their back-office workload.
Beach says: "CLS continues to remain on the cutting-edge of the industry, and CLS Autopilot is another step in the right direction to ensure advisers' businesses are streamlined, ultimately improving the client experience."