MoneyGuidePro users, rejoice! This often-requested integration is now live, and we couldn’t be more excited to see the Risk Number® in MoneyGuidePro.
Read the full press release below!
MoneyGuidePro® and Riskalyze Integration Helps Advisors and Their Clients Bridge the Risk Gap
Incorporating the Risk Number® into the industry’s leading financial planning software will add depth to an already strong best-interest solution while better addressing clients’ needs.
Powhatan, VA, September 12, 2017 – PIEtech?, creator of MoneyGuidePro®, today announced the completed integration of Riskalyze’s Risk Number® into MoneyGuidePro®. Fully understanding clients has become ever more critical to acting in their best interest, and helping clients understand how they would react to short-term portfolio risks can help them commit to and focus on their long-term plan. This integration brings together MoneyGuidePro®, which has created more than five million plans with over four trillion in assets, and Riskalyze, which measures risk tolerance and portfolio risk using a Nobel prize-winning framework, and offers the risk alignment platform founded on the Risk Number®.
Riskalyze focuses on eliminating emotional reactions to short-term risks, helping advisors set expectations and enabling clients to stay invested for the long term. Individual securities and investment portfolios are assessed using Riskalyze’s six-month, 95% Probability Range. This way, advisors are able to align a portfolio’s Risk Number® with the investor’s Risk Number®. MoneyGuidePro® focuses on helping clients create quality financial plans with clearly defined expectations, concerns and goals. Within MoneyGuidePro’s software, the loss/risk tolerance tools measure individual and household risk, the complete portfolio’s risk performance in the long term and a client’s probability of success. Helping clients focus on the likelihood of reaching their goals can make them less reactive to market fluctuations.
“MoneyGuidePro® is excited to be integrating with Riskalyze because it allows the advisor to seamlessly capture a client’s Riskalyze risk tolerance score, or Risk Number®, and display it on MoneyGuidePro’s household loss tolerance slider.” Tony Leal, president of PIEtech?, said. “The synchronization of clients’ risk scores across platforms will undoubtedly enhance the planning experience by eliminating redundancy and providing more precise results.”
Together the Risk Number® and MoneyGuidePro’s risk tools allow advisors and their clients to evaluate and understand how much risk a client wants, has and needs to reach their goals as defined within their plan. It also allows advisors to understand and document their clients’precise risk tolerance when addressing their planning expectations, concerns and income needs. Often, consumers are unaware of how much risk they are willing to accept on their portfolio until it’s too late. This integration helps spark interest and conversation to ensure that consumers take short and long-term risk into account and understand the impact upon achieving their goals in the holistic context of financial and retirement planning.
“We’re thrilled to work with PIEtech? to integrate Riskalyze into their planning solutions,” said Aaron Klein, CEO at Riskalyze. “We’ve really been looking forward to the day the Risk Number® meets MoneyGuidePro®, and so have the advisors we mutually love to serve.”
PIEtech and Riskalyze will be showcasing the new integration on Thursday, September 14th at 3:00 PM EDT. To learn more about this powerful integration register here to join us on the webinar Riskalyze MoneyGuidePro Integration.
About PIEtech, Inc.
PIEtech?, Inc.’s vision is that Everyone Needs and Deserves a Quality Financial Plan. PIEtech? is the creator of MoneyGuidePro®, the industry’s leading financial planning software, myMoneyGuide®, an online guided planning solution that allows firms to broadly offer financial planning, and Best Interest Scout?, a standalone, scalable discovery solution to help enterprises obtain necessary client information. For more information on PIEtech’s powerful financial planning solutions, please visit https://www.moneyguidepro.com.
Riskalyze is the company that invented the Risk Number®, which powers the world’s first Risk Alignment Platform, empowers advisors to execute the digital advice business model with Autopilot and enables compliance teams to spot issues, develop real-time visibility and navigate changing fiduciary rules with Compliance Cloud. Advisors, broker-dealers, RIAs, asset managers, custodians and clearing firms use Riskalyze to align the world’s investments with each investor’s Risk Number. To learn more, visit www.riskalyze.com.