Posted In:

Vestwell, Capital Markets, Global, Wealth Management


Fintech Giants Roll Out Digital 401k Platform

Published:

Feb 08, 2018


Source:

401k Specialist

Posted In:

Vestwell, Capital Markets, Global, Wealth Management

Published:

Feb 08, 2018


Source:

401k Specialist


Share:

Technological innovations designed to make life easier abound, and the retirement savings industry is getting in on the action.

Riskalyze unveiled “the first end-to-end digital 401k experience” Wednesday at the T3 Advisor Conference. Riskalyze Retirement Solutions, powered by Vestwell, is a digital platform designed to make it easy and profitable for advisors to propose, onboard and serve 401k plans.

“Complexity has been driving advisors away from serving retirement plans for years, but as of today, advisors have a reason to come back to 401ks again,” said Aaron Klein, CEO at Riskalyze.

The platform utilizes Riskalyze’s flagship product, the Risk Number, to allow financial advisors to demonstrate to plan participants how their investments align with their end goals.

“Through our joint platform, Riskalyze advisors will be able to create and manage retirement accounts quickly and painlessly, while meeting all compliance needs,” said Aaron Schumm, CEO at Vestwell. “We’re excited that advisors can begin using this offering from Riskalyze to provide clients with a comprehensive, risk-oriented 401(k) solution.”

Other enhancements announced by Riskalyze as a whole include:

  • Stats: Advisors are provided powerful portfolio metrics, including detailed statistical analysis, sector breakdowns, regional heat maps, diversification analysis and a powerful new way to visualize correlations.
  • Fee Visibility: Advisors can model advisory fee schedules into portfolio analytics and long-term retirement mapping.
  • Performance Reporting: Riskalyze offers deep integration with performance reporting solutions, with one-click access to client household performance reports generated.
  • Advanced Lead Generation: Advisors can create multiple lead gen links and configure them with client-driven account opening capabilities compatible.

“Spikes in volatility always drive huge investor interest in the Risk Number and advisors who use it, and these new platform improvements will do even more to showcase the brilliant work of great advisors,” said Mike McDaniel, Chief Investment Officer at Riskalyze.

Complexity has been driving advisors away from serving retirement plans for years, but as of today, advisors have a reason to come back to 401ks again.

Aaron Klein, CEO at Riskalyze

Share:

Previous Article:
Cryptocurrency Meets Muni-Bond Market Under Berkeley Venture
Next Article:
MoneyLion Reaches 2 Million Customer Milestone As Growth Accelerates
The views expressed here are those of the individual FinTech Collective LLC (together with its affiliates “FTC”) personnel quoted and are not the views of FTC or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by FTC. While taken from sources believed to be reliable, FTC has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; FTC has not reviewed such advertisements and does not endorse any advertising content contained therein.

Any designations found herein have been made by a third party, and although FTC has no reason to believe that such designations, or the criteria for being considered for such designations, are inaccurate or misleading, FTC does not guarantee its accuracy, and such designations may be incomplete or condensed. No compensation was paid in exchange for any designations, endorsements, or testimonials found herein. The hyperlinks referred to herein are provided for your reference only.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. This content does not constitute an offering or form part of any offering or any solicitation of any offer to subscribe to or purchase any investment by FTC, nor shall it or the fact of its distribution form the basis of, or be relied upon in connection with any contract therefore. Any such offer will be made only by means of definitive investment offering documents. The information included herein is subject to change without notice to any recipient. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by FTC, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by FTC (excluding investments for which the issuer has not provided permission for FTC to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at https://www.fintech.io/portfolio and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://www.fintech.io/disclosures for additional important information.