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Regulation and Compliance > Federal Regulation

Riskalyze Combines 3 Products in Real-Time Platform

By Michael S. Fischer

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Riskalyze, a California technology firm that matches client risk tolerances with commensurate investment strategies, on Tuesday rolled out the Real-Time Wealth Management Enterprise, a combination of its three products.

Riskalyze, which released a Risk Number methodology for financial advisors and their clients in 2013, said the new platform was powered by new capabilities across all of its products.

Its Risk Alignment Platform now includes straight-through processing, which enables advisors to propose risk-aligned portfolios to their clients and implement them with a click.

The firm said FolioDynamix, Orion, Trust Company of America and TD Ameritrade would be its initial off-the-shelf integration partners, and most implementations could be easily customized to connect to the firm’s existing managed account, custodial or operational platform.

In addition, its One-Click Fiduciary Review will allow firms to certify that they have complied with the review processes required by their fiduciary responsibility and emerging Department of Labor regulations.

“The partnership with Riskalyze will drive client growth and innovative capabilities to the firms leveraging our powerful trading and portfolio management platform,” John Carey, chief operating officer at FolioDynamix, said in the statement.

Riskalyze’s Autopilot Enterprise empowers firms to seamlessly execute a digital advice strategy, rather than use robo technology.

Designed to be client driven and often advisor assisted, it delivers capabilities for client self-service, an account opening and e-signature process, and migration tools to help firms move assets when they need to.

The new platform’s Compliance Cloud integrates with Riskalyze, combining data analytics on a firm’s book of business with client Risk Number data flowing upstream.

In addition, compliance teams have real-time visibility into portfolios submitted for straight-through processing, and can sift through millions of accounts to find compliance issues.

Riskalyze’s CEO, Aaron Klein, said in a statement that the firm’s customers had asked for a solution for critical operational and regulatory issues.

“The Real-Time Wealth Management Enterprise ecosystem is helping firms drive huge asset growth, build client satisfaction, alignment and engagement, transform their business models for the future, and perhaps most importantly, is helping them navigate the radical changes soon to arrive with Department of Labor fiduciary regulations,” Klein said.

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