Fast-growing Riskalyze is quickly losing its upstart status. On the heels of recent deals with CLS Investments and LPL Financial comes word of the risk alignment platform’s integration with RetireUp, a cloud-based platform that allows advisors to create and run detailed retirement scenarios in real time.
“RetireUp was built to create an interactive experience between the advisor and client, while maintaining simplicity, with the end goal of providing greater value and enhancing business development,” RetireUp CEO Dan Santner said in a statement. “Our integration with Riskalyze further enhances the advisor’s value, enabling them to project custom portfolios into the full context of the retirement conversation and display them in an easily-understood way.”
Here’s how it will work: Riskalyze will help advisors capture a quantitative measurement of client risk tolerance, and use that data to “win new clients, capture and meet expectations and quantify suitability.”
RetireUp then transforms portfolio risk and volatility into the centerpiece of the “Retirement Income Story,” compelling discussions around the full picture of retirement income, including Social Security, variable annuities, fixed Index annuities and pensions, as well as other assets such as REITs, home equity and small business ownership.
The companies claim that in a market that is seeing increased competition from self-directed robo-advisors, this integrated solution offers RIAs and financial advisors a distinct competitive advantage in providing clients with essential consultation and guidance.
“RetireUp has a unique take on financial planning and has already proven to be a very popular choice among the advisors we work with,” added Riskalyze CEO Aaron Klein. “We think this is a uniquely powerful combination of tools for advisors to drive quantitative risk alignment and long term goals and planning.”
For advisors that are looking for more information on how, exactly, the new partnership will work, Riskalyze is hosting a web seminar on Tuesday, October 13.
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
A replay of the webinar can be found at http://blog.retireup.com/riskalyze/