What is unique is that Riskalyze displays the before and after model changes side by side for the advisor to review and approve. Advisors can review and edit external manager models, which by itself is a table stakes function now. In the initial test drive, we liked the workflow that Riskalyze created for manipulating their models. In addition to the third-party models, the Partner Store inventory includes 21 pre-constructed “Risk Number” models that are available at no charge for up to $10 million of AUM. The core offering is similar to the manager network offered by full service TAMPs such as Envestnet or FolioDynamix, albeit on a much smaller scale. The partner store offers models from ten third-party providers, including AlphaDroid, Cambria, CLS Investments, LikeFolio, SEI, Morningstar Managed Portfolios, Blackrock and First Trust. (See Riskalyze Expands Beyond Profiling to Become a TAMP Supermarket) Advisors can currently subscribe to model strategies from ten third-party asset managers, as well as Riskalyze’s own “Risk Number” models. The AutoPilot Partner Store, announced at the T3 conference in February 2017 , is a model marketplace that serves as an extension of Riskalyze’s robo solution. This is a good opportunity to compare and contrast how the different firms structured their offerings. Three of these are from custodians (Folio Institutional, TD Ameritrade, TCA) and three are from technology companies (Orion, Riskalyze, HedgeCoVest).
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