Riskalyze Reviews & Product Details

The Riskalyze software allows us to know the exact amount of risk a client want to take as well as the exact amount of risk the client is currently taking. It also provides the ability to show the clients a retirement map to help them save for their future. Riskalyze also creates an Investment Policy Statement which is a clear benefit for both of our relationships. The very first client we used it on moved enough money to pay for the software due to the detail that Riskalyze provided!! It has been the best investment in to our practice that we have made. Review collected by and hosted on G2.com.

Nothing, the software, support and tools are easy to integrate into your business. When we joined the onboarding team was great at helping us get trained as well as directing us to different self training sites for the furtherance of our training. The software is very robust and can be a little intimidating at first, this could be a problem for a busy advisor trying to integrate this into their practice. Review collected by and hosted on G2.com.

Riskalyze has a simple and elegant user interface. It has a very easy to understand (both for client and advisor) system by which "risk" is quantified. Review collected by and hosted on G2.com.

There are securities missing from their interface. Most of the annuities included in the database have outdated or difficult-to-find ratings of the subaccounts. A lot of the analytics for each holding is inaccessible from the client-level interface and you have to go back out to the main screen to access. Review collected by and hosted on G2.com.

What I like best are the three main functions I use Riskalyze for; 1) Risk assessment. 2) Portfolio proposals, and 3) High level retirement planning. I have used all three with both prospects and clients. Review collected by and hosted on G2.com.

When evaluating outside holdings, particularly inside 401k plans, it can sometimes be difficult to find the specific holding (Ticker or CUSIP) in order to deliver the most accurate proposal. Review collected by and hosted on G2.com.

It is very simple to use and provides a good visual representation to the client who may not understand the dynamics of a portfolio but can still communicate effectively to where the material is understandable and relevant. Review collected by and hosted on G2.com.

Nothing major. Some minor caveats. I would like to see a copy portfolio feature to where you can bulk move all the positions to cash instead of having to click on them individually or the alternate step of remembering what the account balance is when you create a new proposal if you don't copy the holdings. The RTQ only has positive or negative in regards to the market and confident or anxious in the financial future. I wish those had a third option in the middle. Review collected by and hosted on G2.com.

We love the risk number! Modern platform, with advanced tools to incorporate your own models or those of large asset managers. Numerous integrations. Retirement Map feature is good for basic planning. *Outstanding* customer support--fast and thorough. Conscientious folks from the top down. All around, they are our favorite software provider. Annual conference is a must-attend. Review collected by and hosted on G2.com.

Automatically classifying certain esoteric assets can be problematic, but there are workarounds. Biggest gripe as a solo adviser (2 people total) is extra cost to add a (true) assistant's license, as that capability is helpful especially if you get into some of the more advanced features like portfolio management, as well as review prep and just monitoring client data in the program. I say "true" assistant to differentiate between us in solo firms vs. a hypothetical group of a half-dozen practicing advisers under one "team." There should be an option to have one extra login for solo shops. Review collected by and hosted on G2.com.

It's hard to say what the best is. They were the first with real risk tolerance analysis and from what I've seen, they're still the leader. They continue to innovate and add value for advisors. They've gone from a service I used to measure a client's risk tolerance to being one of the three software tools I couldn't live without. The other two are my CRM - Redtail and my financial planning program. Review collected by and hosted on G2.com.

No real downsides that I can think of. You need to spend the time to understand how the program works and what the information is that you're getting. Review collected by and hosted on G2.com.

Finally a tool to give an analysis of risk vs reward, for years analysis tools gave can answers and crap reports. Riskalyze allows you to test downturns, present retirement cash flows, evaluate SMA’s. Review collected by and hosted on G2.com.

The speed of the platform needs improved, I wait too long for it to process things. Buy more space on AWS!-) Review collected by and hosted on G2.com.

There are many things to like from the ease of use to the extreme amount of information provided on existing portfolio risk vs. proposed portfolio risk. This tool gives clients parameters to look at risk in different market environments to build in realistic expectations for future volatility. Review collected by and hosted on G2.com.

Wish we could use more investment vehicles like private equity, real estate investments, commodities, other alternative investments. Review collected by and hosted on G2.com.

It is impressive the analytical quality of the assets safeguard worked by Riskalyze's programming, a fully functional software to equip with precise tools your commercial operations, where their economic valuation is part of the e-commerce authentication in my company, since its financial technology offers impeccable business advice, direct implementation of investment portfolios, delivery of purchase records, traceable economic innovation processing, market failure containment, purchase order fulfillment, administrative code management backup operation are developed by this platform. Review collected by and hosted on G2.com.

In Riskalyze there is an error in the linking of bank accounts, where its equipment of configurable analytical positions of financial aspect, are unused because they have a proportion of deficient overload of organizational flows of tasks, making that in my company there are problems of execution of payment procedures, validation of transfers of wrong accounts, selection of destination to monetary accounts, systematization of positions of payment credits without verification of the client's data, they compromise the correct use of tools of the software of this application, so its extraordinary direction of control of bank metadata must be restored. Review collected by and hosted on G2.com.

Ability to upload portfolios, immediate announcement of client/prospect utilization, integration with other fintech (eMoney and Redtail specifically) Review collected by and hosted on G2.com.

Time period of research should go beyond 2004 (or January 2008) if available. Support has been light in the past. I haven't contacted a Support person in a while, so that may have changed. Review collected by and hosted on G2.com.

It is great being able to quantify your portfolio and match it to clients risk tolerance. Risk tolerance is an art and a science. Riskalyze makes the client conversation easier to conduct. We consistently use it to get client scores and we also use it to back test our own internal models for a risk number. Review collected by and hosted on G2.com.

In putting portfolios manually is a little cumbersome. However, If you have an Excel file, drag and drop is real simple. Review collected by and hosted on G2.com.

I like how simple and intuitive it is and the interface makes it easy to show and tell the key points of investing to novice and seasoned investors. Review collected by and hosted on G2.com.

I wish that the Stats reporting function actually showed the holdings and the percent used of each holding. If it does already, then my bad. Review collected by and hosted on G2.com.

User-friendly and client-facing technology to convey risk in a quantitive fashion. Since its inception, I have used their platform and watched them evolve their software to the changing needs of advisors and clients. Review collected by and hosted on G2.com.

Certain information can be seen online but not in reports—likely due to advisor compliance or regulatory guidelines. Review collected by and hosted on G2.com.

It is easy for the client to understand. I am able to load an existing portfolio and quantify the clients risk while being able to show them real risk and performance data. Then I can very easily give them an "apples-to-apples" comparison of how working with us and our portfolios compare. Review collected by and hosted on G2.com.

I honestly don't really have any complaints. Review collected by and hosted on G2.com.

The ability to set the expectation for the level of risk the client is comfortable with. And that we can adjust their portfolio once they see the downside probability. This is a very interactive risk tolerance methodology and from our perspective they are the leader in this area. The leadership of the company provides innovation and adds value for advisors. They provide services we used to measure a client's risk tolerance to being technology we use regularly with clients. This would be in addition to Redtail and our financial planning program. Very smart and friendly support staff willing to assist quickly. Kudos to everyone at Riskalyze. Review collected by and hosted on G2.com.

We struggle with locating the proper proxies to use for 529 college accounts, REIT's, target funds, etc. Although the customer support area has provided some good work arounds for a solution. Review collected by and hosted on G2.com.

Easy to use, easy for client's to understand its value Review collected by and hosted on G2.com.

It can be difficult to have non-traded investments assessed by Riskalyze to assign a proper risk number. Review collected by and hosted on G2.com.

Managing risk and effectively articulating risk to a client was extremely difficult before Riskalyze came along and revolutionized the process. I call my pre-Riskalyze days the Dark Ages of managing money. I no longer feel like I'm managing money in the dark. Riskalyze has turned on the bright lights and brought clarity to risk management and portfolio construction. Review collected by and hosted on G2.com.

Not much to improve on here. Possibly improving Retirement Map and integrating more Financial Planning in addition to the Risk Analysis. However, overall I love Riskalyze and couldn't imagine managing money without it. Review collected by and hosted on G2.com.

Riskalyze breaks down a very complex topic and concept into one number, making it easy for investors to understand their true risk profile. Review collected by and hosted on G2.com.

Nothing! They have a great offering for advisors that is also very helpful for clients. Review collected by and hosted on G2.com.

It's simple and easy to use. The current versus target allocations are helpful and the stress tests are key. Review collected by and hosted on G2.com.

It would be nice if you could copy just one account, rather than the entire portfolio into the proposal. Review collected by and hosted on G2.com.

The best part of the service is the sales presentation from the sales people. Review collected by and hosted on G2.com.

The documentation does not work well, data input is difficult at best, to get the most out of the service you have to continually purchase the add ins, if you try to cancel the service you receive a threat they will submit "breach of contract" to FINRA, they do an auto annual renewal without notification. Of course they will not permit a cancellation of the contract, but they will offer to allow you to buy it out for a price. Review collected by and hosted on G2.com.

Very few tools out there present complex topics like risk/reward in a client focused presentation. Client love the simplicity of the program. The tool is also very good for winning business from other firms which don't use Riskalyze. Review collected by and hosted on G2.com.

Any dislikes I have with the tool have been fixed over the last few years. The feedback team is very responsive to any issues you have. Review collected by and hosted on G2.com.

Riskalyze is intuitive and so easy to use. Results are very helpful to explain risk tolerance to clients, enabling an easy move to investment management options for clients. Review collected by and hosted on G2.com.

I can't think of anything I dislike. I used it for a few years, and then recommended it to the principals of my firm, who are now avid users also. Review collected by and hosted on G2.com.

Great technology and interface. Easy for both the advisor and clients to understand a difficult concept for so many years Review collected by and hosted on G2.com.

So far, nothing. customer service has been tremendous and always willing to assist with items and scenarios we encounter. Review collected by and hosted on G2.com.

Risk Number questionnaire is a unique spin on the typical risk tolerance questionnaire. It's also great that we can customize the questionnaire to match the client's portfolio, so they can see (in real dollars) how taking on more risk will affect their portfolio. Review collected by and hosted on G2.com.

I wish it synced better with our recordkeeping system (FIS Relius). We also use RedTail, which syncs great. Review collected by and hosted on G2.com.

Riskalyze's blend of behavioral finance with analytics provides a much more realistic assessment of a client's true risk tolerance than purely analytical questionnaires Review collected by and hosted on G2.com.

There could be a better explanation of the methodology of the risk questions for clients so they better understand the intent of the questions before they begin the survey Review collected by and hosted on G2.com.