SUCCESS STORY

The Risk-Oriented, Client-First Approach that Really Works


$1.3 billion AUM RIA CornerCap uses Riskalyze to set client expectations and make information about risk tolerance accessible.

Download PDF
“We can create better connections when clients take the risk questionnaire in a more relaxed office environment—it’s calming,” says Paul. “We get more in-depth, complete answers and they feel an ability to be open and transparent about their money needs.”
— Paul Barlow, Chief Growth Officer

BACKGROUND

More than three decades ago, Gene Hoots and Tom Quinn sat in a basement in Atlanta, Georgia, and brainstormed ways to help individual investors grow and protect their wealth. After having spent a decade managing RJR Nabisco’s $4 billion retirement fund, the two were ready to strike out on their own—the result? CornerCap’s creation.

CornerCap, now fully-staffed and 100% employee-owned, utilizes the Fundametrics® investment methodology the two men invented in 1989. With an AUM valued at $1.3 billion and an impressive tech stack (including Riskalyze, eMoney, and Practifi), this mid-size firm continues to provide portfolio solutions up and down the market cap spectrum.

SEIZING THE MOMENT

Throughout CornerCap’s long history, the company had always branded itself as an investment management firm. The client process usually began with and largely followed two questions: “What do you have?” and “What do you want to do?”

That changed in 2020, when CornerCap’s leadership team saw the opportunity for a positive shift to reposition and reconfigure not just how the firm presents itself to the world, but also how it approaches relationships with clients.

Instead of client onboarding beginning directly with questions about money, the shift puts a personable approach to get to know clients first. The goal is to understand their unique appetite for risk, risk profile, and the reasons why they want what they want. This shift to immediately uncover information about a client’s dreams, fears, and attitudes about money aligned perfectly with its intention to put Riskalyze more towards the center of its new client experience. CornerCap’s Chief Growth Officer, Paul Barlow, calls it a “truly authentic approach.”

Paul began at CornerCap in November of 2020, after serving as Schwab’s relationship manager to the firm. When his ideas for a company rebrand were well-received, he was recruited by CornerCap to lend direction for the transformation. His current role as CGO is to support the growth of advisors, recruit new advisors, and to give those advisors the right tech stack to be successful.

In the past year, CornerCap has gone from being a firm focused almost exclusively on investment management to a business offering comprehensive wealth management with a client-first, risk-oriented approach.

And Riskalyze serves as the foundation to all of those customdesigned pieces.

TRANSFORMING AN ENTIRE BUSINESS

If CornerCap was going to make changes, they were going to go big. The transition the team underwent took place across all mediums— from client relationships to website design and even their Atlanta-based office’s interior design.

What was once a stiff board room has been revamped into a welcoming living-room style concept, affectionately known by team members as the “discovery lounge.” Here, advisors guide clients through Riskalyze’s Risk Tolerance Questionnaire in a relaxed, personable environment where they feel comfortable.

“We can create better connections when clients take the risk questionnaire in a more relaxed office environment—it’s calming,” says Paul. “We get more in-depth, complete answers and they feel an ability to be open and transparent about their money needs.”

The website has been purposefully redesigned with a series of questions to help get to know a visitor first, which has also given CornerCap’s team more insight into their target market of “Xennials”—a micro-generation that fits between Gen X and Millennials.

Those in the Xennial generation include people in their late 30’s to early 40’s who are beginning to build their incomes and wealth.

“We feel like that’s the spot where we wanted to be connected with them,” Paul explains. ”We want to know who they are first; once we know them, we can know best how to support them.”

Even CornerCap’s sales strategy has changed as the firm’s decision to put risk first in client conversations has been adapted.

“Our financial professionals used to love telling everyone how good we are, but we’re out of that habit now,” Paul says. “Now they want to hear what other people are about and they’re interested in learning about them first. It’s completely changed the dynamic of relationships early in the prospecting process.”

LOOKING AHEAD TO WHAT’S NEXT

“Riskalyze makes those client conversations easy—that’s why I know that we’re moving forward with incredible growth.”

As CornerCap’s shifts from an investment management firm to a risk-centered, comprehensive wealth management team, they expect incredible growth to follow. Paul describes the sum of the transformation as a team effort centered around putting people first.

“We’re not gathering just to grow. Everyone here works together as one big giant team; it’s not a collective of individuals, and understanding our clients and serving them is at the core of it all.”

To propel the company forward even further, CornerCap recruited Chief Marketing Officer Catherine Aguilar from the healthcare industry. With Aguilar’s 20 years of experience in marketing, CornerCap plans to take its initiatives to the next level and to bring those solutions to more investors who need them.

These fresh initiatives extend beyond just growing the business— CornerCap has established a marathon in Atlanta that’s currently raised $50,000 for the St. Jude charity organization.

Although CornerCap is already seeing some benefits of the company’s cultural and philosophical shift, Paul believes the best is yet to come.

“For us, attitude and approach have been key pieces. 2022 is positioned well to take us forward and capitalize.”

 

Want to see how other wealth management firms like CornerCap are using Riskalyze to grow?
Sign up for a product demo to see the power of risk alignment.

Ready to create fearless investing stories of your own?

The world’s best fintech specialists would love to show you around.

Get a Demo