AUBURN, Calif., Oct. 22, 2020 /PRNewswire/ -- Today,
Riskalyze announced its expanded integration with Envestnet, Inc.
(NYSE: ENV), allowing advisors to create proposals for asset
allocations through a single sign-on between the two platforms.
Advisors will be able to use Riskalyze to generate Risk
Numbers® for their clients, build proposals using the
Risk Number, and implement those proposals directly into the
Envestnet unified advice platform.
"The upcoming integration with Envestnet furthers Riskalyze's
mission to empower the world to invest fearlessly and give advisors
flexibility and choice in how they deploy solutions for their
clients," said Bob Dimicco, SVP
Engineering and Product at Riskalyze. "This year has
shown us that understanding risk is a critical part of the
advisor-client relationship, and with this
seamless integration, we're collectively aiming to simplify an
advisor's proposal workflow and allow for greater efficiency
and productivity."
Advisors using Riskalyze can create proposals by comparing a
client's Risk Number with the risk of their current portfolio, and
identifying which adjustments need to be made based on this
comparison. In order to implement that proposal, advisors will be
able to easily pull their client's current portfolio from Envestnet
and update the portfolio allocation. Previously, the information
would be pulled and uploaded manually by the advisor, but now the
data will be be automatically integrated into Riskalyze from
Envestnet.
"Riskalyze and Envestnet share a common mission to
help advisors advance their practices, and bring their clients
closer to financial wellness—and we couldn't be more excited to
deepen our relationship further," said Blake Wood, SVP, Director of Product Strategy at
Envestnet. "This integration will allow advisors harnessing our
unified advice platform to create seamless portfolio proposals
addressing more areas of a client's overall financial life—and
spend more time on ways to strengthen their client
relationships."
The integration will also complement Riskalyze's existing
MyBlocks™ integration with Envestnet | MoneyGuide, which
displays a client's Risk Number alongside the other Blocks
available on the MoneyGuide platform.
The companies expect to make the new integration available to
enterprise clients starting later this year.
About Riskalyze:
Riskalyze is the company that
invented the Risk Number®, which powers the world's
first Risk Alignment Platform, empowers advisors to manage and
monitor client accounts with Riskalyze Trading, delivers the first
risk-centric 401(k) experience with Riskalyze Retirement Solutions,
and enables enterprises to develop real-time visibility, increase
revenue, spot issues and navigate changing fiduciary rules with
Compliance Cloud. Advisors, broker-dealers, RIAs, asset managers,
custodians and clearing firms use the Riskalyze platform to empower
the world to invest fearlessly. To learn more, visit
riskalyze.com.
About Envestnet:
Envestnet, Inc. (NYSE: ENV) is
transforming the way financial advice and wellness are delivered.
Our mission is to empower advisors and financial service providers
with innovative technology, solutions, and intelligence to make
financial wellness a reality for everyone. Over 103,000 advisors
across more than 4,900 companies—including 16 of the 20 largest
U.S. banks, 46 of the 50 largest wealth management and brokerage
firms, over 500 of the largest RIAs, and hundreds of FinTech
companies—leverage the Envestnet platform to grow their businesses
and client relationships.
For more information on Envestnet, please visit
www.envestnet.com, subscribe to our blog, and follow us on Twitter
(@ENVIntel) and LinkedIn.
Disclaimer:
Riskalyze and Envestnet are
separate and unaffiliated firms and are not responsible for each
other's services or policies. This release should not be construed
as a recommendation or endorsement of any particular product,
service, or firm.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/riskalyze-and-envestnet-announce-integration-to-streamline-proposal-process-for-advisors-301157871.html
SOURCE Riskalyze