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Morningstar OfficeSM and RiXtrema Integrate: Seamless Portfolio Crash Testing to Benefit Platform Users

Submitted by Technology Tools for Today on November 3rd, 2015


RiXtrema announced that it is now integrated with Morningstar OfficeSM, Morningstar’s practice and portfolio management system for financial advisors. Now, dual clients of RiXtrema and Morningstar will be able to pull any account or portfolio directly into Portfolio Crash Testing without having to do any manual document or data uploading. RiXtrema’s Portfolio Crash Testing 2.0 monitors both the risk in portfolios as well as the client’s risk tolerance, and will alert the advisor if risk in the account is diverging from the risk tolerance profile.

“The data integration with Morningstar Office will allow advisors on the platform to seamlessly run risk management scenarios on client portfolios to help anticipate and avoid significant losses,” said RiXtrema President Daniel Satchkov, CFA. “Since Portfolio Crash Testing also monitors suitability, it automatically warns the advisor if the portfolio is straying from what is appropriate for the client. This laser focus on risk management enables advisors to provide additional value to their clients.”

RiXtrema, founded in 2010, is the only institutional quality risk analysis provider for independent financial advisors that is also selected by many top institutions, including the Nobel Foundation. The Portfolio Crash Test tool is currently used to collectively manage more than $500 billion. Built on a solid analytic framework with scientific credibility, the tool now provides independent advisors and broker/dealers with a risk management solution that truly serves the investor’s best interest.

“We’re excited to provide our clients with the ability to stress test portfolios through the integration with RiXtrema,” said Tricia Rothschild, Morningstar's global head of advisor solutions. “The seamless integration of client and account data from Morningstar Office will provide our advisor clients with tools that are designed to help them manage clients’ risk and keep portfolios aligned with their clients’ risk preferences.”

RiXtrema and Morningstar will host a webinar to introduce the integration on Monday, November 16, at 4pm ET / 1pm PT.  Register for the webinar here.
 

ABOUT RIXTREMA
RiXtrema, founded in 2010, is a portfolio crash-testing company that helps advisors discuss risk with clients. Long used by fund managers, pensions plans and funds of funds, RiXtrema has introduced its risk management tools to the financial advisory and broker/dealer community to help ensure that clients get the analysis and advice they need. RiXtrema recently introduced BioniX, the first robo platform for advisors that includes sophisticated risk modeling. For more information, visit www.rixtrema.com.

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