Independent financial advisors are getting more control over automated portfolio management as wealth-management software increasingly moves beyond basic account-level rebalancing. Panoramix has expanded its Panoramix Pro platform with One-Sided Trading, Household Rebalancing and a new Show My Work interface, giving registered investment advisors (RIAs) more flexibility to adjust portfolios while keeping human review in the trading workflow.
For an RIA managing portfolios across multiple accounts, rebalancing is rarely as simple as bringing every security back to an exact model percentage. Tax considerations, account restrictions, household-level objectives and advisor preferences can make an apparently straightforward trade generate dozens of unnecessary transactions.
Panoramix is targeting that problem with the latest expansion of its Trading & Rebalancing capabilities.
The company says Panoramix Pro now allows advisors to rebalance at broader allocation levels rather than automatically attempting to bring every underlying security back to its individual target. The first feature, One-Sided Trading, is designed for advisors using group-based investment models.
Under the new approach, advisors can rebalance groups organized around an asset class, security type or asset type. A group that is below target can receive purchases, while a group that is above target can generate sales. The system does not necessarily create trades simply because every underlying holding has moved away from its individual target.
That distinction matters for advisory firms that use models as guidelines rather than rigid trading instructions.
Instead of treating every deviation as a transaction opportunity, the platform can focus on the higher-level allocation that the advisor actually wants to correct. In practice, that could mean fewer unnecessary trades and a closer match between the software’s behavior and an advisor’s investment methodology.
Household-Level Rebalancing Adds Another Layer
Panoramix Pro’s second major addition, Household Rebalancing, addresses a different challenge: clients rarely keep all their investments in one account.
A household might have taxable brokerage assets, retirement accounts, trusts and other accounts, each with its own restrictions. Rebalancing them independently can produce an allocation that looks correct account by account but misses the household’s overall investment objective.
Household Rebalancing lets advisors work toward a target allocation across the household while maintaining account- and position-level controls. Advisors can specify an allocation for a particular account or exclude an account or position from the process before the remaining assets are considered.
That gives the advisor a way to distinguish between the household’s overall portfolio strategy and the constraints attached to individual accounts.
The approach puts Panoramix in a competitive category with established wealth-management platforms such as Envestnet Tamarac and Orion, both of which already offer trading and household-level rebalancing capabilities. Envestnet describes Tamarac as an integrated platform covering trading, rebalancing, reporting, billing and CRM, while Orion’s trading platform supports household rebalancing, tax-loss harvesting and multi-custodian routing.
Panoramix’s differentiation here is less about introducing household rebalancing as a new concept and more about how much control advisors retain over the mechanics of the rebalance.
Making the Trading Engine Easier to Audit
That philosophy also appears in Show My Work, a new interface that exposes the actions behind a proposed rebalance.
When an advisor runs a rebalance at the account or household level, the screen is intended to make the resulting trades easier to understand before the advisor decides what to execute.
That is an important design consideration for financial technology. Automation can reduce operational work, but advisory firms still need to understand why a system generated particular transactions. A transparent workflow also makes it easier for investment teams to identify an unexpected allocation, account restriction or trading rule before orders reach a custodian.
Panoramix CEO Chris Hastings said the company’s approach is focused on giving advisors flexibility while maintaining visibility and control over investment decisions.
The latest capabilities were included in Panoramix version 3.0.70, released August 6, 2026. Panoramix’s release notes also show that the same release added a Plaid integration for bringing held-away accounts into the client portal and Panoramix, illustrating the broader push toward connecting more of the advisor’s portfolio data.
Fractional Shares and Custodian Connectivity
Panoramix Pro also supports fractional-share trading for advisors using Schwab Advisor Services. Schwab currently supports fractional trading for most U.S.-listed stocks and ETFs, including dollar-based transactions, making fractional ownership increasingly relevant to automated portfolio construction and rebalancing workflows.
For advisory firms, fractional shares can reduce the leftover cash or allocation gaps that arise when a portfolio cannot purchase a whole number of shares. Integrating that capability directly into the existing trading workflow can also eliminate the need for advisors to handle fractional positions through a separate process.
Panoramix Pro combines these trading capabilities with the portfolio management and reporting functions available in the standard Panoramix platform. Its trading infrastructure supports trade generation and submission, bulk and individual account trading, trading rules, cash allocation and rebalancing. The company says orders can be submitted through trading files, APIs to supported custodians and FIX connections.
The result is less about fully autonomous investing and more about workflow automation under advisor supervision.
That distinction is becoming increasingly important as wealth-management technology evolves. Cerulli Associates says wealth-management firms are increasingly using technology to improve advisor efficiency, client experience and organic growth, with RIAs among the channels driving demand for third-party wealth-management software.
What It Means for RIA Technology Teams
For enterprise advisory firms evaluating portfolio-management software, the relevant question is no longer simply whether a platform can rebalance portfolios. Many established systems already can.
The more important questions are how precisely the platform handles household constraints, model hierarchies, trading rules, custodian connectivity and human approval.
Panoramix’s latest release moves toward that more configurable model. One-Sided Trading provides greater control over how allocation groups are corrected, while Household Rebalancing treats the client relationship as a portfolio that can span multiple accounts. Show My Work then adds visibility into how the system reached its recommendation.
For smaller and midsize RIAs, those capabilities can help reduce the operational burden associated with portfolio maintenance without requiring the firm to hand investment decisions entirely to an automated engine.
The broader direction of the market is clear: wealth-management technology is increasingly becoming an interconnected operating layer rather than a collection of separate reporting, trading and accounting applications. Panoramix’s investment in Pro is another example of that transition, with trading and rebalancing becoming an increasingly important part of the advisor technology stack.
Market Landscape
The RIA technology market is becoming more competitive as independent firms demand integrated infrastructure without necessarily giving up the ability to choose specialized tools. Cerulli reports that independent and hybrid RIAs have been among the fastest-growing wealth-management channels, while vendors increasingly see independent advisors as a major addressable market for third-party software.
At the platform level, Envestnet Tamarac combines trading, rebalancing, reporting, billing and CRM, while Orion offers household-level rebalancing alongside portfolio accounting, reporting, billing and other advisor workflows.
That makes Panoramix’s challenge less about proving that automated rebalancing is valuable and more about competing on workflow flexibility, integrations, transparency and ease of adoption.
For RIAs, the appeal is straightforward: the best trading technology is not necessarily the platform that automates the most decisions. It may be the one that automates the repetitive work while giving investment professionals enough visibility and control to make the decisions that still require judgment.
Top Insights
- Panoramix Pro adds One-Sided Trading, allowing RIAs to correct broader allocation groups without automatically trading every underlying security back to target.
- Household Rebalancing lets advisors manage portfolios across multiple accounts while preserving account-specific allocations, exclusions and position-level constraints.
- Show My Work provides greater visibility into proposed trades, supporting advisor oversight before portfolio changes are submitted to custodians.
- Fractional-share support through Schwab Advisor Services extends automated rebalancing into portfolios where whole-share trading can create allocation gaps.
- Panoramix is competing in a mature WealthTech market where platforms such as Orion and Envestnet Tamarac already offer household-level trading and rebalancing.
Get in touch with our fintech expert
