Autopilot, an automated platform for advisors by CLS Investments and Riskalyze, has officially launched.
While advisors have been using Autopilot with some clients in the test phase, they can now make the platform live within their practice and offer it with all their clients.
In the three months since its pre-launch announcement, more than 500 advisors in 45 states have signed up to begin using Autopilot with their clients.
On Thursday, the day of the announcement, Aaron Klein, CEO at Riskalyze, told ThinkAdvisor that “the inbound interest [is] pouring in today.”
“The interest has been very, very powerful, and I think we’re just starting to scratch the surface,” Klein said.
Autopilot aims to provide advisors with their own private-labeled automated asset management engine that will reduce both the cost and complexity of serving clients.
A joint venture of CLS Investments, a third-party money manager and ETF strategist, and Riskalyze, which advisors use to generate a “risk number” and align portfolios with clients’ risk tolerance, Autopilot gives clients instant access to the two companies’ money management and analytics expertise.