Riskalyze’s new Autopilot platform went live Wednesday, with account management features that let advisors build model portfolios across multiple custodians while managing their fiduciary responsibility to clients.

The platform lets advisors build model portfolios and assign them to client accounts, then automatically makes trades across multiple custodians, according to the company. The platform will make suggestions to ensure advisors are always in compliance, such as when changes to the model move the client to riskier positions.

“Riskalyze replaced the pen and paper method of making investment choices, and now we’re eliminating the manual work of implementing those decisions,” Aaron Klein, CEO of Riskalyze, said in a statement. “We’re on a mission to empower the world to invest fearlessly, and the Autopilot platform is all about equipping advisors to do just that.”

Instead of building their own models, advisors can use one of the platform’s 21 Risk Number Models, which are tax-efficient models pre-built by Riskalyze that can be further customized with more than 150 ETFs. Advisors who opt to use these models instead of building their own can access Autopilot for free.

(Related: Should You Outsource Your Investment Management?)

“We couldn’t be more excited to deliver an automated account platform that ranges from affordable to, effectively, free,” Klein said.

Riskalyze is also launching its Autopilot Partner Store, which features research and products from partners such as BlackRock, Morningstar, SEI Investments and others. Advisors will be able to use more than 85,000 stocks, mutual funds and ETFs from these providers to build portfolios for their clients on the Autopilot platform.

— Read The Goldilocks Theory of Fintech on ThinkAdvisor.