Today we are excited to announce the integration between Riskalyze and Morningstar Office, enabling advisors who use both programs to have their client data updated and synced between programs nightly, ensuring that each portfolio’s asset allocation matches that client’s risk tolerance and preferences. Read the entire release below.
Riskalyze & Morningstar Launch Integration Empowering Advisors to Seamlessly Evaluate Client Risk
Riskalyze, the company that invented the Risk Number™ for financial advisors and their clients to use to align risk preference with portfolio risk, is working with Morningstar to offer advisors a streamlined solution for managing the risk in their clients’ portfolios. Advisors who use both Riskalyze and Morningstar Office? can take advantage of this new integration to seamlessly access their Morningstar Office client information from within Riskalyze, and automatically update the holdings in their clients’ accounts.
The new self-serve integration sends up-to-date account data from Morningstar Office to Riskalyze each night, giving advisors better insight into how much risk their clients are holding at any given point in time. Riskalyze’s powerful portfolio analytics engine automatically calculates the Risk Number™ for every portfolio each time holdings are updated.
“We are extremely excited to provide this level of automation to the many joint customers we have with Morningstar,” said Aaron Klein, CEO at Riskalyze. “Automating the process of updating portfolio holdings and giving advisors at-a-glance risk metrics enables them to streamline their processes and spend more time with their clients. Working together with Morningstar will help to further our mission of aligning the world’s investments with each investor’s Risk Number.”
“The asset allocation decision is one of the most important investing decisions an advisor can make for a client. Advisors need to carefully balance an investor’s capacity to take on risk with his or her tolerance for it when designing an optimal portfolio,” said Tricia Rothschild, head of global advisor solutions for Morningstar. “This integration with Riskalyze will allow our advisor clients to easily assess the suitability of an investor’s current portfolio in terms of risk and conduct ongoing monitoring to help ensure the portfolio aligns with the goals and preferences of the investor over the long term.”
Riskalyze and Morningstar will host a joint webinar on Wednesday, July 22 at 10 am PDT / 1 pm EST. Members of the Morningstar and Riskalyze teams will demonstrate the benefits and features of the integration while providing clients with information on how they can take advantage of the new features.
Advisors can register for the webinar now at https://mscomm.morningstar.com/riskalyze
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 15 million equities, indexes, futures, options,commodities, and precious metals, in addition to foreign exchange and Treasury markets.Morningstar also offers investment management services through its investment advisory subsidiaries and had more than $179 billion in assets under advisement and management as of March 31, 2015. The company has operations in 27 countries.
Riskalyze is the company that invented the Risk Number™ and was twice named one of the world’s 10 most innovative companies in finance by Fast Company Magazine. Advisors, independent broker-dealers, RIAs, custodians and asset managers manage over $90 billion in assets on the Riskalyze platform. Learn more at Riskalyze.com or follow@Riskalyze on Twitter.