Today, we’re excited to announce the launch of the Riskalyze Certified Risk-Aware Advisor program.
We’ve had a number of customers ask us for permission to post our logo on their web sites. Their goal is to demonstrate to clients their commitment to using science to align the risk in portfolios with each client’s risk tolerance.
Instead of just throwing our logo on their sites, we wanted to give our advisors a badge that really communicates the commitment they’re making to being a Risk-Aware Advisor.
The badge will typically be linked to Riskalyze.com/RiskAwareAdvisor, designed to explain the program to your clients.
To qualify, an advisor simply needs to certify to Riskalyze that they are using the science of the Risk Fingerprint to assess client risk tolerance, and select or build portfolios that fit those clients.
If you’re an advisor using Riskalyze and would like to join the program, please contact support@riskalyze.com.
Today, we have another exciting announcement. Joshua Brown, known to the advisor community and feared by old line Wall Street as the “Reformed Broker,” has joined Riskalyze as a member of our advisory board.
Josh is Vice President of Fusion Analytics Investment Partners, authored “Backstage Wall Street,” pens the “Reformed Broker” blog, and it is rare to be able to glance at CNBC without seeing his glossy wonder-boy good looks filling up the screen.
At Fusion, Josh and his team use Riskalyze Pro to serve their clients as a fee-based registered investment advisory firm. Josh’s stance against the boiler room tactics of the Wall Street old guard were a visionary insight into the change now sweeping the industry to make advisors advocates and fiduciaries for their clients.
We’re incredibly excited to have Josh aboard and look forward to the insights he helps us uncover for advisors.
We’re excited to announce that Barry Ritholtz has joined Riskalyze as a member of our advisory board.
Barry is CEO and Director of Equity Research at Fusion Analytics Investment Partners in New York City, a firm that uses Riskalyze Pro to serve clients as a fee-only registered investment advisor. He is also the author of 2008’s “Bailout Nation” and “The Big Picture” blog.
He is one of the few strategists who saw the financial crisis coming – specifically, the implosion of housing prices and its connection to the collapse of structured derivatives.
Barry’s belief in using quantitative data and behavioral economics to navigate the markets is deeply aligned with our mission to infuse the investing process with science. We’re thrilled to have him aboard as we work to revolutionize how advisors help their clients to make great investing decisions.
Every good advisor has seen it: the prospective client who walks into their office with a portfolio that stinks to high heaven. Larded up with everything from bloated-fee mutual funds, to illiquid REITs, to IPO stocks, to complex debt derivatives, these horrid portfolios usually have way more risk than clients understand.
Today, our advisors use the Portfolios tool in Riskalyze Pro to share their risk analysis of these portfolios with prospects, and that’s been a key driver to help those advisors close the deal and win those new clients.
We hear so many of these horror stories that we wanted to give you advisors an easy, fun and hilarious way to share them with each other. So what better way to do that than a classic game of “Mad Libs?”
That’s why we’ve launched WorstWirehousePortfolios.com. With a few clicks, advisors can fill in the blanks and share their stories of harrowing encounters with horrid portfolios.
Here are a few of the great entries so far.
Michael, an advisor in California, shared about the 82 year old woman whose broker sold her Facebook IPO stock and had 87% of her money in stocks. Her portfolio has six month downside risk of -29%.
Jack, an advisor in Nevada, shared about a portfolio with -14% downside risk that he believes was reviewed every time a third party candidate has won the White House.
And Josh, back in California, shared about a portfolio with -15% downside risk and fees that could “probably support Charlie Sheen’s drug habit.”
If you’re an advisor, we hope you’ll share your Worst Wirehouse Portfolio story, and consider using the free tools in Riskalyze Pro to assess client risk tolerance, and build portfolios that fit within their expectations.
(And as we state in fine print at the bottom, if this joke of a web site makes you angry, please stop selling derivatives and penny stocks to grandmothers, and start using Riskalyze Pro instead.)
Fast Company Magazine today named Riskalyze to their 2013 list of the World’s Most Innovative Companies, most specifically in the Top 10 in Finance.
This is an incredible honor and the credit really goes to an amazing team that have put their hearts and souls into this amazing product that is revolutionizing how investment decisions get made. I’ll just give them a quick shout out: thank you Matt, Levi, Tim, Ben, Dan, Mike, Julianne and Steve.
Thank you to Nancy Miller and the team at Fast Company for this honor. You’ve given us a lot to live up to during the next 12 months!
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