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Introducing Compliance Cloud

Today, we’re excited to announce an entirely new product, targeted at the broker-dealers and corporate RIAs we work with: Riskalyze Compliance Cloud. Here’s the press announcement from this morning.

Riskalyze Launches Game Changing “Compliance Cloud” Big Data Platform
New Technology Will Spot Compliance Problems…Before Regulators Do

Auburn, California – Riskalyze, which was named one of the world’s ten most innovative companies in finance by Fast Company Magazine, today announced the launch of a revolutionary new big data platform called Compliance Cloud, designed to help large wealth management institutions sift through their data, spot issues before they become problems, and uphold their compliance obligations.

Compliance and supervision teams at broker-dealers and large registered investment advisory (RIA) firms can easily connect the existing account data feeds from their custodians, clearing firms or aggregation providers. Compliance Cloud recalculates the risk across millions of client holdings every night, indexes the results, and delivers a Google-like ability to search the accounts for potential problems.

Compliance Cloud helps these firms find accounts with inappropriate investments for their investment objective; with concentrated positions; with high-risk positions; with excessive cash; with periods of inactivity, and more. Searches can be sliced by client, advisor, balance, risk level and more. Case management and resolution workflow for compliance and supervision teams is built in.

“Our broker-dealer and RIA partners have a missile aimed at the heart of their operations: mounting audits, SEC demands for risk-based compliance assessment and FINRA’s effort to find enforcement targets with CARDS,” said Riskalyze CEO Aaron Klein. “Fortunately, with Compliance Cloud, the era of the ‘random account spot-check’ is officially over.”

While many broker-dealers and RIAs have successfully adapted to ever-tightening regulations, 2015’s deployment of FINRA’s Comprehensive Automated Risk Data System (“CARDS”) initiative will open a new era of scrutiny that broker-dealers must be prepared for. In addition, the SEC is telling firms of all stripes that they need a risk-based assessment of their accounts to uphold their obligations.

“Broker-dealers need to know what CARDS is going to tell FINRA next year, but they also need to change the outcome before CARDS goes live,” said Michael McDaniel, Chief Investment Officer at Riskalyze. “Compliance Cloud will prepare these firms to walk into next year’s FINRA and SEC audits with thousands of documented cases of proactive problem resolution.”

Riskalyze also announced Orion Advisor Services as the premier launch partner for Compliance Cloud. Large RIAs who use Orion can seamlessly implement the product with almost zero data feed setup work required. Orion will make Compliance Cloud available directly to its large RIA clients through its extensive nationwide sales team.

“At Orion, we know a thing or two about revolutionary technology that helps advisors enjoy their business again, and Compliance Cloud is a game-changing tool for the large RIA clients that we serve,” said Orion CEO Eric Clarke. “We’re pleased to make Compliance Cloud available as a seamless addition to the portfolio accounting systems that our advisors rely on.”

Compliance Cloud is available to qualified broker-dealer and RIA firms today, and Riskalyze is currently booking new implementations in October.

Riskalyze is the company that invented the Risk Number™ and was named as one of the world’s ten most innovative companies in finance by Fast Company Magazine. Riskalyze works with RIAs, hybrid advisors, independent broker-dealers, custodians, clearing firms and asset managers to align the world’s investments with investor risk tolerance. To learn more, visit or email [email protected]

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