The integration allows advisors to monitor the Risk Number® in reports, dashboards, client portals and calculate on-the-fly Risk Numbers® for their client accounts, strategies and households.
DENVER, CO, May 28, 2019 /24-7PressRelease/ — FinFolio today announced they have added an integration with Riskalyze, allowing advisors the ability to track a client’s Risk Number as it pertains to the client, their portfolio and strategy. The integration gives advisors and their clients the ability to show the Risk Number on almost any FinFolio screen including firm-wide dashboards, reports and client portals.
Riskalyze helps advisors understand and align their clients’ risk tolerance, portfolio risk, and risk capacity. Based on a client’s risk assessment or an advisor’s target, Riskalyze generates a Risk Number between 1-99. The advisor can then communicate whether their current portfolio is the right one for them and if not, make a better recommendation.
FinFolio is a custodian-agnostic portfolio management system that powers the back office of RIAs and broker dealers. With its intuitive design and robust functionality, FinFolio offers centralized administration of client accounts, performance reporting, fee billing, trading/rebalancing, client portals, CRM and more.
“We view this integration as a powerful complement to our mission to empower the world to invest fearlessly,” said Aaron Klein, CEO at Riskalyze. “With FinFolio, advisors now have on-the-fly access to client, portfolio and strategy Risk Numbers, allowing for greater understanding of their clients’ current and desired capacity for risk.”
Not only can advisors view client Risk Numbers but the integration allows them to be more analytical about the strategies they assign to clients. Using the integration, FinFolio and Riskalyze clients can build custom strategies and view its Risk Number on-the-fly prior to assigning a client’s portfolio. The integration also allows for seamless investment maintenance, helping advisors efficiently stay on top of client objectives.
“This is our year for integrations, and we are very excited to add Riskalyze. They have a great team and amazing product,” said Matt Abar, founder and CEO of FinFolio. “Adding the Risk Number to FinFolio gives advisors an easy way to demonstrate the risk-return tradeoff on screens, reports and the client portal.”
Riskalyze is the company that invented the Risk Number®, which powers the world’s first Risk Alignment Platform, empowers advisors to automate client accounts with Autopilot, and enables compliance teams to spot issues, develop real-time visibility and navigate changing fiduciary rules with Compliance Cloud. Advisors, broker-dealers, RIAs, asset managers, custodians and clearing firms use Riskalyze to empower the world to invest fearlessly. To learn more, visit www.riskalyze.com.
FinFolio develops and supports an extensible wealth management software platform for financial professionals. FinFolio has embraced an expanded definition of portfolio management which includes a REST API (wealthlab.io), trading, rebalancing, billing, reporting, client data distribution and all other elements of a financial adviser’s back office. FinFolio’s clients include investment advisers, financial planners and other wealth managers. For more information about FinFolio visit www.finfolio.com.
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