Total Rebalance Expert Acquires PowerAdvisor from Cornerstone Revolutions

November 8, 2013

Total Rebalance Expert (TRX) today announced the acquisition of PowerAdvisor’s portfolio management software suite from Cornerstone Revolutions. The combination of TRX’s industry leading portfolio rebalancing platform with PowerAdvisor’s portfolio management system will create a complete and integrated portfolio management solution.

"Bringing PowerAdvisor's offerings and people into TRX will create many synergies, benefitting current and new clients of both companies,” said Sheryl Rowling, CEO of TRX. “While TRX will always be an open platform, we are already working on enhancements and new innovation in best-of-breed software for the RIA marketplace."
As part of the combination of the two software and service companies, PowerAdvisor will be rebranded as tPx – Total Portfolio Expert. Current PowerAdvisor users will not see any change to their access or usage, as the technology and people supporting PowerAdvisor will continue as part of TRX. As an added benefit, PowerAdvisor and TRX users will be able to access both platforms at a preferred price.
"While sad that Cornerstone Revolutions will no longer be participating in the future of our clients, we are truly excited to be able to transfer those clients to a fantastic company with a commitment to excellence and a track record of delivering game changing innovation," said Mary Hepler, CEO of Cornerstone Revolutions. "The result will be greater end-to-end processing for all clients with increased ROI."
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