VRGL Adds Risk Tolerance Capabilities to its Industry Leading Investment Proposal Management
May 21 2024 - 8:08AM
Business Wire
VRGL, a Client Acquisition and Investment Proposal Management
solution, today announced the launch of its new Risk Tolerance
capabilities integrated within the existing VRGL workflow. VRGL’s
Risk Tolerance capabilities allow advisors to leverage a turnkey,
industry-researched Risk Tolerance Questionnaire, or to craft fully
bespoke risk assessments aligned with advisor and organizational
requirements.
With this addition, wealth management organizations leveraging
VRGL can quickly assess prospective and current client risk
appetite – helping align risk tolerance to the overall investment
strategies and allocations that will be leveraged to help achieve
the financial goals of clients and prospects.
Key features of the VRGL Risk Tolerance workflow include:
- Turnkey Risk Tolerance Questionnaire: Advisors can
leverage 15 industry researched risk tolerance questions measuring
risk appetite and time horizon. In minutes, advisors can
efficiently assess each prospect’s or client's risk tolerance,
enhancing and personalizing portfolio evaluation of both the
current and proposed portfolio.
- Custom Risk Tolerance Questionnaire: With VRGL’s
customizable Risk Tolerance Questionnaire capabilities, advisors
can tailor questionnaires more in line with their organization’s
own risk frameworks. This empowers advisors to personalize the
assessment process further to differentiate the firm’s approach to
risk and investment allocation.
- Bespoke Risk Levels: VRGL's “Risk Levels” feature allows
wealth management organizations to tailor custom risk
categorizations to their firm’s unique perspectives. With editable
categories, the organization can define parameters for assessing
Risk Tolerance, ensuring compliance, and further personalizing the
risk assessment process.
- Benchmark Portfolio Assignment: Advisors can assign
benchmark portfolios and investment strategies to different Risk
Levels and utilize VRGL’s Risk analytics to identify strengths and
weaknesses of the current portfolio and propose a more appropriate
portfolio strategy.
“Our new risk tolerance capabilities solidify the evolution of
our platform into a true end-to-end client acquisition solution,”
said Josh Smith, CEO and co-founder of VRGL. “These capabilities
equip advisors with a turnkey or customizable approach to risk
tolerance measurement, ensuring every wealth management
organization and advisor has the ability to craft a risk assessment
process as unique as how they serve their clients.”
To kick-off the release of Risk Tolerance, VRGL is hosting an
upcoming webinar on May 30, 2024. RSVP here to learn more.
About VRGL
Founded by pioneers of the institutional wealth management
software industry, VRGL provides a suite of tools designed to
empower wealth management firms to streamline the investment
proposal and client acquisition process. Capabilities include risk
tolerance, statement aggregation (including PDF statement
extraction of all data), institutional-grade analytics, and
proposal management capabilities.
By giving clients a holistic view of their consolidated
investment portfolio and illustrating a potential transition, VRGL
enables advisors to quickly demonstrate their value proposition
while ensuring compliance with risk tolerance and investment
policies. Through the seamless aggregation of all client investment
data, a no-touch analytics package, and automated proposal
generation, advisors can contextualize their investment offerings
and advice, fostering a more personalized and impactful client
experience. This allows advisors to accelerate client acquisitions
and enhance the retention of existing AUM.
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version on businesswire.com: https://www.businesswire.com/news/home/20240521693416/en/
Maddie Bauman mbauman@vrglwealth.com