Riskalyze launches new risk alignment service for retirement plans

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fintech insurtech wealthtech regtech ai cybertech esg news

Riskalyze, which runs a digital risk alignment platform for financial advisors, has announced pension scheme sponsors and participants will now be able to use its service.

The 2011-founded company has invented the Risk Number which is assigned to each investor and enables advisors, broker-dealers, RIAs, asset managers, custodians and clearing firms to match that number to investments made globally.

The Riskalyze platform also allows advisors to automate their online service and pension schemes will have the same option now with the new Autopilot for Retirement Plans.

Mike McDaniel, CIO at Riskalyze, said, “With $25 trillion in US retirement assets, launching Autopilot for Retirement Plans is without a doubt the biggest thing Riskalyze has done since inventing the Risk Number.

“Many advisors have used Riskalyze to serve retirement plans one participant at a time, but now we’ve delivered a solution that advisors can use to match hundreds of participants with the right fund elections with just a few clicks.”

To date, Riskalyze has raised $3.54m in funding with the last round held in January 2015 when the company collected $2.1m from venture capital backers.

Copyright © 2016 FINTECH GLOBAL

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