GMO Launches Nebo Wealth At T3
By Davis Janowski
When asked whether the platform and its new features were meant to displace existing portfolio accounting, management and reporting products, Tarlie said, “No.” “It doesn’t matter what portfolio accounting system your firm is using, we integrate with Orion Eclipse, for example—if you want to use Nebo to do shortfall optimization, go ahead—we are not going to replace Orion, or Black Diamond. It will work with them. Our business strategy is to integrate into the ecosystem as much as possible,” he said. If anything, Tarlie said the new platform could disrupt the model marketplace space; it can replace the spreadsheets that too many advisors rely on, as well as off-the-shelf models.
Global investment manager GMO launched Nebo , short for Needs-Based Optimization platform, about two year ago. This week, the firm has introduced its new platform, Nebo Wealth, an end-to-end platform that its growing customer base of RIAs have been asking for, according to product lead Martin Tarlie. When Nebo launched in 2022, the open architecture platform had as its core offering a proprietary multiperiod, shortfall optimizer. Nebo Wealth has that same shortfall optimizer at its core, as well as several new features, including automated trading and rebalancing, performance reporting, billing, advisor and client portals, and back-office support for account opening and administration. The new platform is meant to help advisors achieve portfolio personalization at scale, and bridge an industry gap between financial planning and asset allocation.
Nebo Product Lead Martin Tarlie
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