has introduced a proprietary online system that promises to spare financial professionals the complexities associated with controlling multiple ProFunds accounts.
The new tool, for instance, enables financial professionals to just instruct an entire group of accounts to be exchanged, rather than make several exchanges from one ProFund to another in many different individual accounts.
The ProFunds Account Access system also allows users to rebalance group accounts to a model asset allocation, save asset allocation models for future rebalances and exclude individual accounts from a group trade, among others.
Last week, ProFunds launched an online account management system targeting individual investors.
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