WealthManagement.com Daily Feature: Institutional Tools for Advisors
Min Zhang, a veteran of PIMCO, and Mark Cone, a co-founder and former managing partner of Causway, are hoping their new startup, Totum Wealth, will bring to advisors the tools that pension funds and endowments use to build totally customized portfolios. The company launched its first product, a financial planning program also called Totum, on Thursday. Totum uses what it calls “human capital factors,” like geography, industry concentration, career, health, family, real estate and balance sheet, to analyze a client’s risk and generate a unique portfolio. The company says the software can be used as either a turnkey SaaS application or hosted in-house.