What You Need to Know
- Riskalyze expanded its application programming interface offerings for asset and wealth management firms.
- Franklin Templeton will leverage iCapital’s technology and service solution for advisors and clients seeking access to alternative investments.
- Fintech Pontera teamed with hybrid RIA RFG Advisory to allow its independent financial advisors to securely manage clients’ held away accounts.
Fintech software solutions provider Riskalyze has expanded its application programming interface offerings for asset and wealth management firms.
Enterprise firms can either license Riskalyze for their advisors or “weave best-in-class Riskalyze analytics into their proprietary technology via APIs to drive client engagement and business growth,” the company said Tuesday.
Riskalyze developed a package of APIs with the needs of enterprise firms in mind, “focusing on firms that are investing in proprietary technology infrastructure, and want to incorporate best-in-class analytics into the unique experiences they are building,” it said.
The APIs were developed to “work seamlessly for these enterprise firms, whether they leverage just the API-driven experience, or also roll out Riskalyze seats firm-wide,” Riskalyze added.
The APIs available include Riskalyze Risk Number, Riskalyze GPA, Riskalyze Risk Tolerance Questionnaire, Riskalyze Retirement Maps, Riskalyze Get Client and Riskalyze Models and Portfolios.
Franklin Templeton Partners With iCapital
As part of a new pact, Franklin Templeton is partnering with iCapital on alternative investments.
Franklin Templeton will leverage iCapital’s customized technology and service solution for advisors and their clients seeking access to Franklin Templeton’s alternative investments offerings, starting with Franklin BSP Capital Corporation (FBCC) and Clarion Partners Real Estate Income Fund Inc. (CPREIF), the companies said in a joint announcement June 1.
Over the past two years, Franklin Templeton has significantly widened the breadth and scale of its alternative asset strategies.
It now has more than $200 billion in aggregate alternative assets under management across its specialist investment managers, including private real estate through Clarion Partners; alternative credit through Benefit Street Partners; hedge fund strategies via K2 Advisors; and secondary private equity and co-investments through Lexington Partners.
Alternative asset strategies account for an increasing share of the investment management industry as high-net-worth investors allocate more capital across the full spectrum of alternative offerings, making them a key strategic priority for Franklin Templeton.
Pontera Teams Up With RFG Advisory
Fintech firm Pontera (formerly FeeX) teamed with hybrid RIA firm RFG Advisory to allow its independent financial advisors to securely manage clients’ held away accounts, including 401(k)s, 403(b)s and HSAs, the firms said Thursday in a news release.
“Held away accounts including 401(k)s make up a significant portion of Americans’ retirement savings, and contributions are increasing,” according to David Goldman, Pontera chief business officer.
He noted that the total value of defined contribution accounts hit a record high of $11 trillion last year and that the “need and demand for management of these accounts is greater than ever.”
New Advisor Offering From Wealthramp
The 250 independent, fee-only advisors on Wealthramp’s artificial intelligence-driven advisor matching platform will now have access to Carefull’s safe money monitoring technology and the capability to offer clients this added service as part of a deal between the firms, they said in a joint announcement Thursday.
Carefull operates a digital platform that it says was developed to protect and manage the daily finances of aging adults.
The new partnership with Carefull will equip Wealthramp’s advisors with additional protection for their older clients and financial caregivers, the companies said.
Wealthramp also became the first official partner of Carefull’s Vault offering, which provides Carefull members with an easy way to store their passwords and important documents quickly and securely, according to the firms.