Riskalyze Unveils a Host of Brand New Features Ahead of the Reg BI Compliance Deadline

AUBURN, Calif., June 17, 2020 /PRNewswire/ -- Riskalyze today announced general availability for four major enhancements to its product lineup in light of the rapidly approaching June 30 effective date of the SEC's Regulation Best Interest. The new lineup of compliance-optimized features include:

    --  Report Attachments - Available in Riskalyze Select, advisors and firm
        administrators can now ensure that all client-facing printed materials
        satisfy Reg BI's disclosure obligation by attaching their Customer
        Relationship Summary (form CRS) to client-facing reports. In addition to
        being able to add form CRS into reports like Investment Policy
        Statements, firms can use the new Report Attachments functionality to
        creatively customize reports in whatever way fits their business best.
    --  New Detailed Portfolio Stats - Available in Riskalyze Elite, Detailed
        Portfolio Stats is now equipped with new analytics, new widgets to
        analyze portfolio composition, and additional layers of configuration
        for drilling into a recommendation. The Portfolio Sandbox module aids in
        the decision-making process by visually demonstrating the impact of
        potential changes to a portfolio and all-new reporting options
        beautifully present this detail to clients in print form.
    --  Tax Intelligent Trading - Available with Autopilot Trading, acting as a
        fiduciary, when keeping client accounts on track, just got even easier.
        Instead of the rigid rules-based framework that traditional rebalancers
        use, Riskalyze's proprietary trading optimization engine provides
        advisors with a detailed analysis of tax liabilities in a trade list,
        and allows them to intelligently optimize trades for the right
        combination of target accuracy and minimized tax impact.
    --  Enterprise Cloud - Available for enterprise clients, this brand-new
        portal centralizes the deployment of Riskalyze and surfaces
        configuration, compliance data, and business intelligence to home
        offices. From form CRS delivery status to proposal alignment audits,
        home offices now have access to the data they need in a single,
        interactive view.

"Announcing new features in Riskalyze Select, Riskalyze Elite, Autopilot Trading, and enterprise deployments on the same day is rare and exciting," said Aaron Klein, CEO at Riskalyze. "When it comes to incredible wealth management firms driving efficiency and ease of use in the process of building, trading, and documenting portfolios, we're honored to play a role in their successes."

The new features in Riskalyze Select, Riskalyze Elite, and Autopilot Trading are being rolled out into all applicable user accounts over the next two weeks. Enterprise Cloud is currently being deployed at six enterprise firms, and will be rolled out in phases to eligible enterprise clients.

"We're delighted to deliver functionality that serves such a broad swath of today's Riskalyze customers," said Mike McDaniel, Chief Investment Officer at Riskalyze. "While these new features are certainly poised to better help firms comply with Reg BI, we think their overall impact across the profession will far surpass their compliance benefits."

For more information on Riskalyze's suite of best interest documentation tools for advisors and wealth management enterprises, visit riskalyze.com.

About Riskalyze
Riskalyze is the company that invented the Risk Number(®), which powers the world's first Risk Alignment Platform and was built on top of a Nobel Prize-winning academic framework. Advisors, broker-dealers, RIAs and asset managers use the Riskalyze platform to create alignment between clients and portfolios, leverage sophisticated analytics to increase the quality of their advice, automate trading and client account management, and access world-class models and research in the Riskalyze Partner Store -- all with the mission of empowering the world to invest fearlessly. To learn more, visit riskalyze.com.

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SOURCE Riskalyze