Envestnet, RiskPro Team to Help Advisors Reduce Regulatory Risk

When a client’s PRB has been calculated, advisors affiliated with Envestnet enterprise customers will be able to make investment recommendations with a 98% statistical probability that maximum risk tolerances will not be exceeded within any given 12-month period, they said.

RiskPro’s technology enables each enterprise to set its own surveillance rules for monitoring the risk of a client’s portfolio, as compared to the client’s PRB, on a daily basis. Advisors and enterprise home offices are alerted if the risk of a client’s portfolio falls outside the surveillance rules set.

More than 105,000 advisors across more than 5,100 companies — including over 500 of the largest RIAs, 17 of the 20 largest U.S. banks, 47 of the 50 largest wealth management and brokerage firms, and hundreds of fintech companies — now leverage the Envestnet platform to grow their businesses and client relationships, it says.