US-based Mariner Wealth Advisors has forged partnership to give its financial advisers access to Riskalyze’s risk alignment and portfolio analytics platform.
Mariner Wealth Advisors, which offers services in all 50 US states, has more than 300 financial advisers in its network.
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By GlobalDataAs part of an enterprise agreement, Riskalyze will standardise Mariner’s risk tolerance questionnaire and offer portfolio alignment tools.
In addition, it will provide analytics and research tools to the wealth advisors.
The partnership comes at a time when the tailwinds of last year’s volatility continue to compel investors to insist more frequent engagement from their financial advisors.
Riskalyze CEO Aaron Klein said: “We’re thrilled to partner with Mariner Wealth Advisors and their incredible advisors to play a small but meaningful role in their client-first mission.
“Risk has never been more aligned with financial planning. This amplifies our passion for arming wealth advisors with tools that help clients understand how risk management plays a critical role in their whole financial picture.”
Mariner, which managing more than $40bn in assets, said it turned to Riskalyze after identifying the need to standardise risk assessment workflows across the entire organisation.
It will leverage the Riskalyze/Orion integration in its day-to-day workflows.
Additionally, the Riskalyze-eMoney integration will further simplify workflows for the firm’s advisors across the country.
Mariner Wealth Advisors CEO and president Marty Bicknell said: “It’s no secret that the market volatility and global pandemic over the past year have changed the way investors think about their financial lives as well as how they interact with their wealth advisors.
“Equipping our advisors with Riskalyze’s industry-leading tools and their innovative risk assessment approach helps empower them to take proactive control of the risk conversation.”
Riskalyze Elite solution comprises Detailed Portfolio Stats, Individual Security Analysis, and other tools developed to promote engagement with clients.
In 2019, Mariner agreed to buy California-based Authent Advisors, adding around $285m in assets to the firm.
The same year, the firm bought Indiana-based RIA Martin Financial Group.
