Products February 16, 2017

Everplans Network Amplifier Focuses on Growth and AUM Retention

According to recent research conducted for Everplans by Cerulli Associates, 93% of advisers believe they will retain the assets of heirs when their primary client dies, yet 85% of children fire the financial adviser after their parent dies. 
Reported by

Wealth planning platform provider Everplans released new capabilities aimed at helping advisers grow their business by boosting relationships with clients heirs and trusted contacts.

Specifically, Everplans Professional users can now access the firm’s Network Amplifier, which promises to “increase retention across generations and grow [advisers’] business by establishing new relationships with their clients’ heirs and trusted contacts.”

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According to recent research conducted for Everplans by Cerulli Associates, the vast majority (93%) of advisers believe they will retain the assets of heirs when their primary client dies, yet 85% of children fire the financial adviser after their parent dies. To address this challenge, Everplans Network Amplifier “offers a unique opportunity for financial advisers to grow their business by providing an opportunity to directly interact with their clients’ friends and family via the Everplans platform.”

Under the program, a client designates family members or friends as “deputies” with whom they will share key information. “When deputies go to securely view a client’s plan, they see a branded message from the financial adviser offering them Everplans of their own,” the firm explains. “This Network Amplifier connects deputies and advisers in a warm and uniquely contextual way that facilitates multigenerational planning.”

For more information, visit www.everplans.com. 

Products February 15, 2017

Riskalyze Releases Expanded Product Set

The new releases from the firm include Riskalyze Premier, a “next-generation autopilot platform,” and a series of eight Risk Number Models to guide client portfolios. 
Reported by

Investment industry technology provider Riskalyze has unveiled a lineup of new products and services aimed at supporting financial advisers and their clients.

Riskalyze CEO Aaron Klein outlines the new products as follows:

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  • Riskalyze Premier, billed as a new service tier designed to “supercharge client engagement and dramatically increase practice efficiency.” According to the firm, the dashboard gives clients a risk-centric view of their wealth and is set up to allow centralized control of data.
  • The Next-Generation Autopilot Platform, described as a multi-custodial automated account platform that allows an adviser to deliver “both deep personalization and scalable automation.” The firm says “one-click fiduciary technology” is the backbone of this new offering.
  • Autopilot Partner Store, a “new marketplace” that brings together models, strategies and research.
  • Risk Number Models, a series of eight model strategies built from the funds of Riskalyze’s key asset management partners. The new models are built using objective criteria such as Sharpe ratios, portfolio Risk Number and internal expenses, and represent the “best research from Riskalyze’s internal investment team.”

The firm suggests AlphaDroid, Cambria, CLS Investments, First Trust, Longboard Asset Management, Morningstar Managed Portfolios, New York Life Mainstay Investments, SEI Investments, Stadion Money Management, State Street Global Advisors and Swan Global Investments are all joining the Autopilot Partner Store as research, model strategist and asset management partners.

“The powerful and automated account management tools at the heart of Autopilot form the nucleus of the industry’s first ‘self-driving car’ of advisory platforms,” argues Aaron Klein, CEO at Riskalyze. “Riskalyze replaced the adviser’s yellow legal pad for making investment decisions, and now Autopilot replaces the manual work of implementing those decisions.”

More information about the products is at www.riskalyze.com. 

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