Riskalyze, the company that empowers thousands of advisors to align each client’s investments with their Risk Number®, today launched new annuity and insurance capabilities for its Risk Alignment Platform. The new Annuities + Insurance add-on will allow advisors to incorporate 2,125 annuity and insurance products into a client’s full financial picture with a single click, a functionality that has been requested by advisors, back offices and insurance providers who already use Riskalyze.
The newly-added component aims to ease the difficulty in properly measuring an annuity or life insurance product in the context of the rest of a client’s financial portfolio, a common problem among advisors. Previously, financial advisors would have to consider annuity and insurance holdings separately from other holdings, or manually find the right annuity subaccounts from a menu of 130,000 choices and painstakingly hand-enter them into the portfolio.
