Riskalyze
 | |
| Company type | Private |
|---|---|
| Industry | Financial services, Software |
| Founded | 2011 |
| Founders | Aaron Klein (CEO) Mike McDaniel (CIO) Matt Pistone (CTO) |
| Headquarters | |
| Products | Riskalyze Select Riskalyze Elite Riskalyze Trading Command Center |
Number of employees | ~200 |
| Website | www |
Riskalyze is a financial technology company that provides software as a service to financial advisors in the United States. Riskalyze's platform provides tools for analyzing investment risk, delivering 401(k) plans, and building and implementing investment portfolios.
Riskalyze invented the Risk Number,[1] an alignment tool for financial advisors to quantitatively measure investor risk tolerance, risk capacity, and portfolio risk on a scale from 1 to 99.[2]
History
[edit]Co-founders Aaron Klein (Chief Executive Officer), Mike McDaniel (Chief Investment Officer), and Matt Pistone (Chief Technology Officer) founded the company in 2011. Riskalyze was initially a free consumer product,[3] but became a tool licensed to financial advisors after a shift in the business model.
In 2016, Riskalyze raised Series-A institutional funding of $20 million from FTV Capital,[4] and was then recapitalized by Hg in 2021. [5] Riskalyze was recognized by Fast Company on its list of The World’s Top 10 Most Innovative Companies in Finance 2013[6] and The World’s Top 10 Most Innovative Companies in Personal Finance 2015. Forbes recognized Riskalyze on its Fintech 50 list in 2015[7] and 2016.[8]
Current operations
[edit]In August 2017, Riskalyze was reported to support 20,000 advisors collectively representing hundreds of billions in assets under management.[9] Riskalyze has approximately 225 employees, two offices in Auburn, California, and one office in Atlanta, Georgia in the Bank of America Plaza.[10]
References
[edit]- ^ Malito, Alessandra. "Stereotypes In Risk Mean Misaligned Portfolios". Investment News. Retrieved 2018-05-07.
- ^ Britton, Diana. "FPA, TrueProfile Create New Risk-Profiling Tool". Wealth Management. Retrieved 2018-05-07.
- ^ Carrns, Ann. "New Site Seeks to Analyze Investors' Appetite for Risk". Bucks Blog. Retrieved 2018-03-01.
- ^ Skinner, Liz. "Riskalyze draws $20 million in capital for robo platform and other adviser products". Investment News. Retrieved 2018-03-01.
- ^ Steinberger, Samuel. "Riskalyze Recapitalizes With Hg Capital". WealthManagement.com. Retrieved 2021-11-11.
- ^ "The 2013 Top 10 Most Innovative Companies by Sector: Finance | Fast Company". Fast Company. Retrieved 2018-03-01.
- ^ "Fintech 50: The Future Of Your Money". Forbes. Retrieved 2018-03-01.
- ^ Sharf, Samantha. "The Fintech 50: The Complete List 2016". Forbes. Retrieved 2018-03-01.
- ^ Neal, Ryan (2017-08-09). "What Is Aaron Klein Building With Riskalyze?". Wealth Management. Retrieved 2018-03-01.
- ^ Anderson, Mark. "Auburn-based fintech company recruits CFO experienced at high-growth firms". www.bizjournals.com. Retrieved 2018-03-01.