SACRAMENTO, CA--(Marketwired - September 29, 2016) - Riskalyze and TD Ameritrade Institutional, one of the largest custodians to independent registered investment advisors, today announced that Autopilot, the robo-advisory platform for advisors powered by the Risk Number®, will be integrated with TD Ameritrade's intelligent rebalancing tool, iRebal®.
iRebal is a leading portfolio-rebalancing software program used by advisors to rebalance accounts through Veo®, TD Ameritrade Institutional's brokerage and custody platform for advisors. Autopilot supercharges human advice, allowing advisors to automate client engagement with an advisor-branded client dashboard on their website and automated account opening, all through an intuitive digital process.
With both products seamlessly integrated, investors can pinpoint their Risk Number®, get matched with the right advisor-built portfolio, digitally open an account and have that account automatically traded and rebalanced.
Meanwhile, the advisor can spend less time on manual paperwork and trading tasks and, instead, focus on their role as a fiduciary -- making sure the client is making investment choices that best fit their long-term goals and providing the behavioral coaching, financial planning and tax assistance that clients need.
"In the new DOL world and the changing business environment advisors find themselves in, it's imperative that advisors focus what makes them great fiduciaries and automate the rest," said Aaron Klein, CEO of Riskalyze. "Integrating our technology with TD Ameritrade's iRebal will make it easier for an advisor to put some of the hassles of operating their business on autopilot, so they can devote more of their time and expertise on client relationships."
"iRebal is designed to make advisors more efficient," said Danielle Fava, Director of Product Strategy & Development at TD Ameritrade Institutional. "We believe that integrating an automated portfolio-rebalancing tool with a front-end robo-advice solution and then pairing that with the human touch of a professional financial advisor can help RIAs compete and win in an era of accelerating technology change."
The iRebal and Autopilot integration is entering a final beta stage with advisors, but will be live and available to all in the fourth quarter. To inquire about joining the beta group, please contact firstname.lastname@example.org.
About TD Ameritrade Institutional
TD Ameritrade Institutional is a leading provider of comprehensive brokerage and custody services to more than 5,000 fee-based, independent registered investment advisors and their clients. Our advanced technology platform, coupled with personal support from our dedicated service teams, allows investment advisors to run their practices more efficiently and effectively while optimizing time with clients. TD Ameritrade Institutional is a division of TD Ameritrade, Inc., a brokerage subsidiary of TD Ameritrade Holding Corporation (NASDAQ: AMTD). Brokerage services provided by TD Ameritrade, Inc., member FINRA /SIPC.
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 use Riskalyze to align the world's investments with each investor's Risk Number. To learn more, visit www.riskalyze.com.