Riskalyze CEO Aaron Klein took the stage in Orange County, CA this morning at the annual Technology Tools for Today (T3) conference to unveil four distinct announcements about the future of Riskalyze and the Autopilot Automated Account Platform.
Aaron declared that Riskalyze has "replaced the yellow legal pad" when it comes to client engagement and portfolio construction. The launch of Riskalyze Premier makes that statement more true now than ever.
So, what's next? We aim to "replace the yellow legal pad" again by inventing the Automated Account Platform complete with One Click Fiduciary™ technology. The Next Generation Autopilot Platform leverages the all-new Risk Number® Models as well as a list of incredible asset managers and strategists that comprise the Autopilot Partner Store.
Read the full press release below:
Orange County, CA (February 15th, 2017) – Riskalyze today unveiled a lineup of new products and services aimed at revolutionizing client engagement, portfolio construction and account automation for advisors. In the kickoff keynote at the T3 Advisor Conference, Riskalyze CEO Aaron Klein announced the following new products:
Riskalyze Premier, a new service tier designed to supercharge client engagement and dramatically increase practice efficiency.
The Next-Generation Autopilot Platform, a multi-custodial automated account platform that allows any advisor to deliver both deep personalization and scalable automation for all of their client accounts using One-Click Fiduciary™ technology.
Autopilot Partner Store, a marketplace that puts models, strategies and research from some of the industry’s best asset managers, strategists and research firms just a click away from over 19,000 advisors.
Risk Number® Models, a series of eight model strategies built from the funds of Riskalyze’s key asset management partners.
“Our steadfast commitment to advisors is to keep equipping them to turn their clients into fearless investors,” said Mike McDaniel, co-founder and Chief Investment Officer at Riskalyze. “Advisors will be able to supercharge engagement with clients every day in Riskalyze Premier and powerfully automate their accounts with the next-generation Autopilot platform.”
Riskalyze Premier Unlocks Five Powerful New Features for Client Engagement and Practice Efficiency
Riskalyze’s brand new service tier includes all the same benefits of Riskalyze Pro, and five new features designed to supercharge client engagement, increase practice efficiency and nurture client relationships.
Client Dashboard: give clients a Risk Number-centric view of their wealth
Retirement Plans: deliver the Risk Number to hundreds of plan participants with a click
Account Opening: filling out custodial paperwork just got easier
Asset Sync: sync in outside assets from thousands of institutions
Data Sharing: share clients and portfolios across advisors, and centralize control of data
Riskalyze Premier is available now for all Solo and Team customers, and starts at $245/month per user. Advisors can upgrade from inside their Riskalyze accounts, or call 1-855-RISKALYZE.
The “Self-Driving Car” of Advisor Platforms: Autopilot Delivers Seamless Automation with One-Click Fiduciary™ Technology Across Multiple Custodians
Riskalyze’s Autopilot platform has evolved from a standalone product to an automated account platform that will be easily accessible to every Riskalyze Pro and Premier user. At the heart of the next-generation Autopilot platform is One-Click Fiduciary™ technology that allows advisors to achieve both automation and personalization for the unique challenges their clients face.
Advisors can build model portfolios out of any blend of mutual funds, ETFs or stocks, assign models to client accounts and automatically generate trades across multiple custodians. When advisors change the models, Autopilot will sift through hundreds of accounts to make it simple to implement those changes across their book of business. Any account at six different custodians can be instantly put on Autopilot.
In addition, Riskalyze is launching the Autopilot Partner Store, which will put a wide variety of third party research, strategies and models just a click away from 19,000 advisors. Advisors can choose the asset management partners that best fit their clients, and all models will instantly update when those partners publish changes.
AlphaDroid, Cambria, CLS Investments, First Trust, Longboard Asset Management, Morningstar Managed Portfolios, New York Life Mainstay Investments, SEI Investments, Stadion Money Management, State Street Global Advisors and Swan Global Investments are all joining the Autopilot Partner Store as key research, model strategist and asset management partners with unique value propositions for advisors.
These partners are excited about bringing their unique advantages to the platform. “We are excited to offer Morningstar® Managed PortfoliosSM on the Riskalyze Autopilot Partner Store,” said Matthew Radgowski, Chief Operating Officer at Morningstar Investment Management LLC. “Our managed portfolio services offer advisors access to institutionally managed investments that employ our valuation-driven, contrarian approach to asset allocation, as well as manager and investment research by our global team.”
Some of these partners provide their research at no additional charge; others provide it for an additional basis point fee, and others provide it for a monthly subscription fee. Advisors can choose from the asset managers that are the best fit for their clients, and as those partners update their research, advisors can click to take advantage of their latest work.
“The powerful and automated account management tools at the heart of Autopilot form the nucleus of the industry’s first ‘self-driving car’ of advisory platforms,” said Aaron Klein, CEO at Riskalyze. “Riskalyze replaced the advisor’s yellow legal pad for making investment decisions, and now Autopilot replaces the manual work of implementing those decisions.”
Putting accounts on Autopilot will be just a click away for every Riskalyze customer in May; enterprise customers can start implementation today. Pricing for customers with a Riskalyze license starts at 15 basis points, and drops to 10 basis points after a few million dollars on Autopilot.
Risk Number® Models Deliver a Great Starting Point for Advisor-Built Portfolios
In addition, Riskalyze is launching Risk Number® Models, a series of eight models created from the funds of Riskalyze’s key asset management partners. These models are built using objective criteria such as Sharpe ratios, portfolio Risk Number and internal expenses, and represent the best research from Riskalyze’s internal investment team.
“Thousands of advisors have put the Risk Number® at the center of the client engagement model, and they’ve consistently asked for our investment team to go deeper into our viewpoints on model portfolios,” added McDaniel. “We believe in the advisor as fiduciary decision maker, and this research will equip them with a great starting point for building their own models.”
For more information about Riskalyze, or to learn more about Riskalyze Premier and Autopilot, please contact email@example.com.
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About Riskalyze 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.