Riskalyze adds retirement mapping to its risk tolerance tool

Split-second online analysis lets advisers show multiple portfolio scenarios in client meetings

Apr 23, 2014 @ 3:31 pm

By Joyce Hanson

Riskalyze, the software firm that offers an investor risk tolerance tool, has just added a retirement mapping technology to its product.

Using a drag-and-drop function that integrates with brokerage and custodial platforms, the new Riskalyze feature lets advisers perform instant portfolio analyses using an endless variety of scenarios. The mapping tool shows how changes to portfolio investments, monthly savings, retirement goals and withdrawal rates align with a client's risk tolerance score.

The mapping tool doesn't add to the monthly rate of $99 per adviser, according to Riskalyze CEO Aaron Klein.

“It's a free upgrade,” Mr. Klein said. “Because the analysis happens in a split second, the adviser can actually build the retirement map in the meeting with the client. That's what makes it so powerful.”

(See also: Redtail, Riskalyze announce integration)

The software firm's core tech team invested months of research and development into the algorithm-driven mapping tool, he added.

Riskalyze made its mark among registered investment advisers and independent broker-dealers with a questionnaire that gauges a client's risk score plus portfolio analytics that advisers use as a prospecting tool.

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