Cetera signed an enterprise agreement with Riskalyze that will provide standardized risk management across Cetera’s network of firms, the companies said Tuesday.
As part of the agreement, Cetera is now making Riskalyze’s risk alignment and portfolio analytics solutions available to its entire network as a benefit of affiliation and at no additional cost to its advisors and other financial professionals via Cetera’s AdviceWorks digital platform, the firms said.
The Riskalyze toolset will “enable financial professionals to set expectations with clients and document their fiduciary care, while adding a layer of business value protection for their practice,” the companies said.
Although there were some individual Cetera advisors who used Riskalyze prior to the deal, the fintech firm’s solutions were not available companywide at Cetera until now, according to Aaron Klein, Riskalyze CEO.
The deal was announced to all Cetera advisors internally Thursday through a joint webinar and received a very enthusiastic reception, Klein noted.