Riskalyze

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Riskalyze
Private
IndustryFinancial services, Software
Founded2011
FoundersAaron Klein (CEO)
Mike McDaniel (CIO)
Matt Pistone (CTO)
Headquarters
ProductsRiskalyze
Autopilot
Retirement Solutions
Compliance Cloud
Number of employees
~225
Websitewww.riskalyze.com

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] Riskalyze was recognized by Fast Company on its list of The World’s Top 10 Most Innovative Companies in Finance 2013[5] and The World’s Top 10 Most Innovative Companies in Personal Finance 2015. Forbes recognized Riskalyze on its Fintech 50 list in 2015[6] and 2016.[7]

Current operations[edit]

In August 2017, Riskalyze was reported to support 20,000 advisors collectively representing hundreds of billions in assets under management.[8] Riskalyze has approximately 225 employees, two offices in Auburn, California, and one office in Atlanta, Georgia in the Bank of America Plaza.[9]

References[edit]

  1. ^ Malito, Alessandra. "Stereotypes In Risk Mean Misaligned Portfolios". Investment News. Retrieved 2018-05-07.
  2. ^ Britton, Diana. "FPA, TrueProfile Create New Risk-Profiling Tool". Wealth Management. Retrieved 2018-05-07.
  3. ^ Carrns, Ann. "New Site Seeks to Analyze Investors' Appetite for Risk". Bucks Blog. Retrieved 2018-03-01.
  4. ^ Skinner, Liz. "Riskalyze draws $20 million in capital for robo platform and other adviser products". Investment News. Retrieved 2018-03-01.
  5. ^ "The 2013 Top 10 Most Innovative Companies by Sector: Finance | Fast Company". Fast Company. Retrieved 2018-03-01.
  6. ^ "Fintech 50: The Future Of Your Money". Forbes. Retrieved 2018-03-01.
  7. ^ Sharf, Samantha. "The Fintech 50: The Complete List 2016". Forbes. Retrieved 2018-03-01.
  8. ^ Neal, Ryan (2017-08-09). "What Is Aaron Klein Building With Riskalyze?". Wealth Management. Retrieved 2018-03-01.
  9. ^ Anderson, Mark. "Auburn-based fintech company recruits CFO experienced at high-growth firms". www.bizjournals.com. Retrieved 2018-03-01.