We heard you…the grid of “cards” for each of your clients looks really nice when you first start using Riskalyze, but as you add more clients, it quickly becomes difficult to navigate and find the client you’re looking for.
And with some advisors managing 200 clients and up in one advisor account, something had to change.
We listened, and as of this afternoon, as soon as you go past ten clients, your Riskalyze home screen will automatically transition into the new client list view that looks a little something like this.
Stay tuned for some more upgrades coming down the pike: specifically, some really cool search, sort and filter tools for your client list. For now, remember that you can search by hitting Ctrl+F or Command+F in your browser.
Thanks for your feedback…we’re always listening and we love hearing ways we can make your job easier as an advisor!
After hundreds of hours of design, development, advisor input and usability testing, we’re excited to announce the launch of the next-generation Riskalyze risk questionnaire.
There are three big innovations in the next-generation Risk Questionnaire.
Two Versions of the Questionnaire. You’ve seen our existing quantitative approach, built on Nobel Prize-winning science, that captures a detailed Risk Fingerprint for each client. Now advisors can choose a simplified version for clients who might be elderly or have simpler needs. And it’s just as easy as ever to engineer portfolio risk to fit those clients.
RQ, Phone Home. Now your clients can answer the Risk Questionnaire with a few taps on their iPhone, Nexus 5, Samsung Galaxy, Moto X or other Android device. It’s a beautiful design, and if they get stuck, they can email or call your office with a single tap. (Of course, the Risk Questionnaire has always worked on iPad or Android tablets.)
Using Risk to Generate Leads. With a simple link or a few lines of code, you can embed the Risk Questionnaire into your own web site, creating a new way for prospective clients to engage with your firm, send you their risk tolerance, and ask for a portfolio analysis to see if they’re on the right track. With a few clicks, your web site transforms from a brochure into an active tool that generates new business.
The new Risk Questionnaire is live for all Riskalyze customers as of today. The Lead Generation version will be activated for customers over the course of the next week.
To join a guided tour and see Riskalyze in action, just click here to RSVP.
Quantifying the risk in portfolios involves a complicated set of mathematical and methodology choices that we are always working to improve for our advisors. Today, we rolled out several adjustments to our methodology to enhance the performance of two key features — portfolio analytics and interest rate stress testing.
First, we made an adjustment to how we account for dividends in a portfolio. We now add dividends into expected return for each security after normalizing returns for the long term, to avoid the washout of dividend effects for low-beta investments.
For portfolios with high dividend-yielding funds or stocks, advisors will likely see a reduction of 2 to 4 points in the portfolio’s risk number. The largest drop we’ve seen — generally when portfolios are filled with low-beta, high-dividend investments — was 9 points on the Risk Number scale.
This is an exciting improvement that we believe will be even more accurate in showcasing the value advisors place on dividend yield in client portfolios.
Second, we made an adjustment to how we stress test portfolios for interest rate risk. We now use the last six months of returns to correlate the sensitivity of each individual security to that period’s movements in the ten year treasury rate.
Because we’re using tighter data points for interest rate stress testing, this improvement will increase the relevancy of the interest rate stress test for actively managed funds, the style drift of active managers and younger funds with less history. It will also more quickly reflect changes to Fed policy or movement in interest rates.
These two changes are a part of our constant efforts to make Riskalyze more effective for our advisors. If you have any questions about these adjustments, don’t hesitate to let us know. We love being a small part of your success!
Many LPL teams are fans of the Model Wealth Portfolio platform of actively managed funds that LPL provides to their advisors. Today, we’re excited to announce that we’ve made it incredibly simple and easy to evaluate and use MWP funds on Riskalyze.
Every MWP fund fits within one of five benchmarks that LPL has established. We’ve created custom symbols to reflect those benchmarks, so you can easily add them to your model portfolios, or target portfolios that you build for clients.
The five custom symbols are:
- #MWPICP — MWP Capital Preservation Benchmark
- #MWPIMG — MWP Income with Moderate Growth Benchmark
- #MWPGI — MWP Growth and Income Benchmark
- #MWPG — MWP Growth Benchmark
- #MWPAG — MWP Aggressive Growth Benchmark
You can simply add these symbols to your existing models, and allocate part of the model to them, or advisors who use MWP exclusively can simply create five models, with 100% of the portfolio in each respective benchmark.
Once one of your prospects has completed the risk questionnaire, Riskalyze will quantify the suitability of each MWP benchmark for that specific client.
Once you’ve invested the client’s assets in the MWP platform, all of the individual holdings are reflected on the asset screen. You can use our LPL-compatible drag-and-drop portfolio integration to recheck portfolio alignment during your next client review.
We’re excited about the opportunity this creates for our LPL teams who love using the Model Wealth Portfolio platform. There is more to come as we continue to empower advisors to use risk to win new clients, capture and meet expectations and quantify suitability.
If you want to see this in action, join a guided tour at Riskalyze.com.
We believe in the power of simplicity to make our tools beautiful, delightful and easy to use. As a result, we made a relatively minor change to our navigation this morning.
Our customers spend 95%+ of their time in Riskalyze on the Clients screen, which doubles as the “home” screen when you log in to Riskalyze Pro. So we’ve simplified it to look like this.
If you notice, we’ve done away with tabs at the top of the interface. If you click on the Riskalyze logo, you’ll return to the grid of clients as always. If you need a secondary function, like updating your model portfolios or logging out of the product, it’s located under a convenient menu.
You’ll also notice that when you create a new client record, the default is now “prospect” but it’s also just one click to create it as an active client.
A lot of these changes are laying the groundwork for a bunch of new features just around the corner. Stay tuned…we can’t wait to show you what’s next.