Kabarec Financial Advisors of Palatine, IL has selected BridgePortfolio as its outsourcing solution. BridgePortfolio, is a provider of flexible, customized private-labeled platforms and back office support for investment advisors, investment managers, broker-dealers, financial planners and trust companies. BridgePortfolio will provide Kabarec with the set-up and ongoing maintenance of its back office activities including a private label website, an account opening tool, daily reconciliation, billing and performance reporting.

David Edstrom, chief marketing officer of BridgePortfolio, said in a press release that the intent of the new partnership is to "eliminate the non-revenue generating tasks that take advisors' time away from clients." He noted in the release, "Kabarec's mission is to assist their clients in realizing their dreams by providing personal and customized advice. When advisors are faced with back office headaches, they are unable to deliver the most timely and personalized levels of service that they otherwise could be. Through Kabarec's new relationship with BridgePortfolio, advisors will be able to increase productivity thereby improving customer relationships and providing more personal and customized financial advice to their clients."