SACRAMENTO, CA--(Marketwired - July 13, 2016) -
- Autopilot for Retirement Plans is the first risk alignment platform that advisors can use to automate the matching of 401K, 457, 403B, and Simple IRA participants with investment allocations.
- The service allows financial advisors to deliver "advice at scale" to the desktops and mobile devices of hundreds of plan participants with a few clicks.
Riskalyze, the company that empowers thousands of advisors to align each client's investments with their Risk Number®, today announced its latest product, Autopilot for Retirement Plans, which brings the power of the Risk Number to 401K, 457, 403B and Simple IRA participants.
Autopilot for Retirement Plans quantitatively uses the Risk Number® to pinpoint how much risk investors want versus how much risk they need in order to reach their retirement goals. The service allows advisors to add all participants to a single online dashboard, create model portfolios from the fund menu or 338 fiduciary, and invite participants using a special link to get matched with the fund elections that best align with their Risk Number and retirement goals.
"With $25 trillion in US retirement assets, launching Autopilot for Retirement Plans is without a doubt the biggest thing Riskalyze has done since inventing the Risk Number," said Mike McDaniel, Chief Investment Officer at Riskalyze. "Many advisors have used Riskalyze to serve retirement plans one participant at a time, but now we've delivered a solution that advisors can use to match hundreds of participants with the right fund elections with just a few clicks."
When an advisor creates a new plan in the product, they can define the plan's model portfolios, either building them from the fund menu or copying them from the plan's 338 fiduciary. Each plan then has a landing page for participants to launch the "best interest" exercise and determine their Risk Number, or the advisor can send invites out via email.
"Autopilot for Retirement Plans will augment or even replace the 'three minute meetings' many advisors hold in company conference rooms to attempt to deliver advice at scale to all of a plan's participants," said Aaron Klein, CEO at Riskalyze. "Now advisors and plan sponsors can ensure that every single participant has access to getting invested correctly. This is a revolutionary moment for advisors, plan sponsors and plan participants alike."
Autopilot for Retirement Plans is immediately available for implementation in retirement plans by advisors. To learn more about Autopilot for Retirement Plans or schedule a demo, visit riskalyze.com/retirementplans.
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Riskalyze is the company that invented the Risk Number®, which powers the world's first Risk Alignment Platform, empowers advisors to execute the digital advice business model with Autopilot, and enables compliance teams to spot issues, develop real-time visibility and navigate changing fiduciary rules with Compliance Cloud. Advisors, broker-dealers, RIAs, asset managers, custodians and clearing firms today use Riskalyze's platform in pursuit of its mission to align the world's investments with each investor's Risk Number. To learn more, visit www.riskalyze.com.