Consolidated portfolio reporting programs can run advisors into spending hundreds - even thousands - of dollars per month. Now smaller firms have a lower cost alternative for creating reports to show the performance of a client's complete portfolio, whether assets are managed by them or held in outside accounts such as a 401k or annuity contract. The new reporting feature is included in the Minuteman Advisor Services platform, an online ETF management program with automatic portfolio rebalancing.

Orange, Calif. (PRWEB) June 18, 2009 -- Here's a win for the little guy: an affordable alternative to what is normally a prohibitively expensive undertaking: consolidated portfolio performance reporting.

Investment advisor firms with five or fewer employees made up 50 percent of all SEC-registered investment advisers as of September 30, 2007 and currently, the number of first-time RIA registrations at the state and federal level continues to grow. Small and newly-registered advisors face special challenges, especially in regards to limited staff and what they are able to spend on systems to automate common activities.

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