Riskalyze adds retirement mapping to its risk tolerance tool

Split-second online analysis lets advisers show multiple portfolio scenarios in client meetings.
APR 30, 2014
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.

Latest News

Voya expands advisor managed accounts to add private market assets
Voya expands advisor managed accounts to add private market assets

Voya Financial adds private equity, credit and real estate options to its AMA program, building on support for looser federal investment rules in retirement accounts.

With executives leaving, Osaic’s Reid now in the spotlight
With executives leaving, Osaic’s Reid now in the spotlight

Shannon Reid, president of Osaic and the network’s number two executive, has plenty of challenges, industry executives said.

Investors sue crypto fund and platform, alleging $1.5 million never returned
Investors sue crypto fund and platform, alleging $1.5 million never returned

Auditors flagged the commingling. The COO allegedly knew. Investors kept getting the pitch

Wells Fargo nabs $1.7B RBC advisor team, loses two teams to LPL
Wells Fargo nabs $1.7B RBC advisor team, loses two teams to LPL

The advisors on the move include two brothers leading a family practice in Connecticut, and a husband-and-wife tandem working with business owners in the West Coast.

Most potential business successors think there's a plan – but owners say otherwise
Most potential business successors think there's a plan – but owners say otherwise

Business owners and their heirs may be making assumptions instead of having conversations, creating challenges for succession planning, according to new research.

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income

SPONSORED Why direct indexing stopped being optional

Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.