Total Portfolio Expert to become independent company, acquired by key employee and re-branded as PowerAdvisor
Sheryl Rowling, CEO of Total Rebalance Expert (TRX) announced today the sale of the Total Portfolio Expert (TPX) portfolio management system to Andrew Kehoe, a long-standing, key employee.
After the acquisition of TRX by Morningstar earlier this year, all parties agreed that it would in the best interests for the clients of TPX to remain as an independent company. As part of this agreement, Kehoe will acquire TPX, become its Chief Executive Officer and will re-brand TPX to its former name, PowerAdvisor.