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February 16, 2017 at 08:49 AM
Riskalyze announced a plethora of new products at the Technology Tools for Today conference in Garden Grove, California, on Wednesday.
Riskalyze Premier is a new tier of service that aims to “supercharge client engagement” and help advisors be more efficient, according to a statement from Riskalyze. It features a client dashboard, account opening capabilities, retirement plan management, synchronization with assets at other institutions and data sharing capabilities.
Autopilot is an automated account platform lets advisors build model portfolios and assign them to client accounts. It will automatically make trades at six different custodians, and features research and strategies from leading asset managers like Morningstar Managed Portfolios, SEI Investments, Stadion Money Management and State Street Global Advisors, among others.
Autopilot will be available for Riskalyze’s Pro and Premier customers. It’s available now for enterprise customers and will be rolled out in May to the rest of Riskalyze’s users.
Building on its Risk Number offering, Riskalyze is offering a series of eight models based on Sharpe ratios, internal expenses and portfolio Risk Numbers. They’re built using funds from Riskalyze’s asset management partners.
“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,” Mike McDaniel, co-founder and chief investment officer at Riskalyze, said in a statement. “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.”
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BNY Mellon’s Albridge announced on Thursday that it has redesigned the Albridge Wealth Reporting (AWR) platform to offer a more responsive user experience and extends dashboard access to end clients.
The redesign was based on client feedback, according to a statement from Albridge. The updated platform features a predictive-type search function, and allows for more customization, both by advisors and by investors. Advisors can save up to 40 reports for easier access and run reports in the background while accessing other features.
AdvisorEngine announced on Wednesday that it has acquired the assets and intellectual property of Wealthminder, a cloud collaboration and digital prospecting tool for advisors.
