SmartRisk Reviews & Product Details

Designed specifically for financial advisors, SmartRisk helps you set proper downside expectations with your clients. Clients are often blind to market risk and typically don’t have accurate downside expectations – either too conservative or too reckless, leading to sub-optimal investment allocations. With SmartRisk, advisors can analyze portfolio risk and easily communicate with clients to help them avoid costly mistakes. Move prospects to the planning process and motivate clients to make portfolio changes with SmartRisk. Retain clients during a down market and help prevent clients from making costly behavioral mistakes. Showcase and market your expertise to clients. Core features: -Portfolio comparison -Single name concentration alerts -Household views of accounts -Explain risk to clients in terms they can understand — dollars -Set proper downside expectations -Marketing tools, including a client-facing seminar, brochure, and direct mailer -Access to awesome support, industry expertise and training

Seller

Covisum

Discussions

SmartRisk Community

Languages Supported

English

Overview by

Katie Godbout

Pricing

Pricing provided by SmartRisk.

Monthly

$49.99

per month/per advisor

Yearly

$599

per year/per advisor

View More Pricing Information

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WB

Wendell B.

Principal

Small-Business (50 or fewer emp.)

6/25/2020

"Valuable Tool..."

4/5

What do you like best about SmartRisk?

The ease of use is great, basically ask the client two questions. It is easy to calculate in the program. The report is clean and clear, visually appealing for client presentations. Another thing that I really like/appreciate is the customer service is outstanding. Early on I had a few challenges with the program, called in and the helpful service was fantastic! Review collected by and hosted on G2.com.

What do you dislike about SmartRisk?

I would like some way to upload a portfolio from a custodian, that would be a big timesaver (maybe a csv file? I know mapping can be a challenge, but perhaps that could be worked out? Also designing a portfolio can be challenging as often what seems to be a simple portfolio, low risk or whatever, often it does not qualify within the risk profile parameters. This may require several changes to get a portfolio that works within the clients risk profile. Sometimes I have difficulty switching from Tax Clarity to SmartRisk and the switch is not always smooth! I would be nice to have some better training on this one, as I hate calling in and bugging the support staff for simple questions. Review collected by and hosted on G2.com.

Recommendations to others considering SmartRisk:

Try it out and see if it works for you. It's core concept is very good and well thought out. Review collected by and hosted on G2.com.

What problems is SmartRisk solving and how is that benefiting you?

I have used it to demonstrate to clients how their risk profile looks compared to what they are invested in currently. It has been a benefit because it helps explain to clients an expanded view of their risk profile using a higher level of confidence. Review collected by and hosted on G2.com.

Response from Katie Godbout of SmartRisk

Hi Wendell,

Thanks for leaving a review of SmartRisk. We're glad to hear that you've found the software helpful and easy to use. I will pass along your suggestion about a feature that allows you to upload a portfolio from a custodian to our software development team. Also, great customer support is at the heart everything we do— I'm thrilled your experience reflected that. We appreciate your feedback.

AE

Andrew E.

Financial Advisor

Small-Business (50 or fewer emp.)

6/24/2020

"Great product and easy to use"

5/5

What do you like best about SmartRisk?

I like the ability to customize the portfolio to my clients individual account. To be able to show them the actual investments that they are currently in with the amount of Risk associated with their specific portfolio is a great tool. Review collected by and hosted on G2.com.

What do you dislike about SmartRisk?

Sometimes when comparing 401k plans can't find the investments, making it difficult to make a proper comparison and have the client understand the amount of Risk they may potentially have if they stay with a 401k plan vs moving it to a managed account. Sometimes the proprietary funds that are offered at some investment firms are a little hard to find. I have utilized google to help me search for different ticker symbols since they are not always listed on the statements that are provided by my clients. Review collected by and hosted on G2.com.

Recommendations to others considering SmartRisk:

Some recommendations that I would make is to make sure that you customize the portfolios to you individual clients. Get familiar with searching for different equities and bonds as sometimes they can be a little difficult to find. Utilize Google or Yahoo search to help find a particular ticker symbol that you may be looking for as well. Review collected by and hosted on G2.com.

What problems is SmartRisk solving and how is that benefiting you?

I am solving the risk exposure and showing clients the dollar amount if the markets move on client account vs the percentages. It really helps clients understand how much they could be potentially make or lose based on moves in the market. It allows them to make better decisions based on their investment strategy and ultimately help them reach their investment objectives. Review collected by and hosted on G2.com.

Response from Katie Godbout of SmartRisk

Hi Andrew,

We're happy to hear that the SmartRisk features that allow you to customize a portfolio have been really helpful. Your feedback is incredibly valuable to us. Thanks for taking the time to leave a review of SmartRisk.

KW

Kenneth W.

Business Owner

Small-Business (50 or fewer emp.)

Originally submitted 6/17/2020

"Smart Risk makes it easy to do business with confidence."

5/5

What do you like best about SmartRisk?

The simplicity of the program and the speed at which you get answers. Review collected by and hosted on G2.com.

What do you dislike about SmartRisk?

I don't have anything that I dislike or consider a downside about Smart Risk. Review collected by and hosted on G2.com.

Recommendations to others considering SmartRisk:

Smart Risk brings confidence in the decisions both you and your client make. Review collected by and hosted on G2.com.

What problems is SmartRisk solving and how is that benefiting you?

Smart Risk helps me have confidence in the portfolios that I present to my clients. It is really nice to be able to see the diversification and risk associated with the investments. Review collected by and hosted on G2.com.

Response from Katie Godbout of SmartRisk

Hi Kenneth,

Thanks for leaving a review of SmartRisk. We're glad to hear that the software has helped instill confidence. We appreciate your feedback.

JR

Jeff R.

Small-Business (50 or fewer emp.)

6/15/2020

"Smart use of Risk analytics"

5/5

What do you like best about SmartRisk?

Having the dollars and percentage of risk downside is excellent. The charts are easy to use and understandable. This is a great way to illustrate risk to a client with a comparison of another portfolio you are recommending to the client. Review collected by and hosted on G2.com.

What do you dislike about SmartRisk?

I am quite happy. There is not a lot that I would want changed. Having the ability to use UIT's maybe, but that is not necessary. Review collected by and hosted on G2.com.

Recommendations to others considering SmartRisk:

Rather than just giving a risk score this allows a true percentage of risk and dollar amount relative to that risk. Review collected by and hosted on G2.com.

What problems is SmartRisk solving and how is that benefiting you?

UIT's not being recognized is the major one. Or not having a long enough history on some positions. Review collected by and hosted on G2.com.

Response from Katie Godbout of SmartRisk

Hi Jeff,

Thank you so much for taking the time to leave a review of SmartRisk. We're happy to hear that you've found the software helpful for illustrating risk and comparing portfolios. We really appreciate your feedback.