A new version of a model-based, portfolio management tool is being offered to broker-dealers seeking increased efficiencies when establishing, building, and maintaining fixed-income portfolios for retail investors as an alternative to traditional money managers or bond funds.
BondWave LLC, a Lisle, Ill.-based provider of fixed-income portfolio management solutions, launched Version 2.0 of its proprietary product - Program Portfolio Manager - earlier this month. The automated portfolio-management tool enables broker-dealers to create and manage portfolios comprised of individual bonds designed to meet the specific needs of their mom and pop investors, based on target criteria for yield, structure, and risk.
The new application works in conjunction with and supports BondWave's other soon-to-be-launched software program, Index Targeted Models, which will be available in early April. The index product allows broker-dealers to create portfolios with a high correlation similar to five, seven, 10, 15, and 20-year municipal bond indexes from leading providers of fixed-income benchmarks.
Both new software programs are the foundation of BondWave's overall fixed-income investment program, a proprietary technology and methodology-based system that allows broker-dealers to design and manage bond portfolios to mass-market to a large number of retail investors.
BondWave, which can be reached at
