The Risk in Risk Analysis.

Risk Tolerance Tool Alpharetta GA The Risk in Risk Analysis November 08, 2018, 02:14:29 PM EDT By Bill Hortz Shutterstock photo risk tolerance tool Alpharetta GA. We are in the middle of a major risk management revolution that is calling into question our traditional definitions and processes for measuring and managing risk. One key area of concern…

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SS&C’s Black Diamond® Wealth Platform Now Integrated With Totum Risk To Improve Risk Scoring Metrics

ENHANCED RISK ANALYSIS BASED ON FACTS, NOT FEELINGS ATLANTA, Oct. 18, 2018 /PRNewswire/ — Totum Risk, a risk tolerance tool that calculates risk based on an investor’s current life situation, not just preference for risk, today announced their integration with SS&C’s Black Diamond® Wealth Platform. Black Diamond advisors using Totum Risk benefit from a more robust, multi-dimensional…

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Totum’s Bid To Beat Riskalyze

Brooke’s Note: I’ve said it before: It’s amazing that no software existed in the RIA marketplace dedicated to risk until five years ago. Then it was just as surprising there were no imitators. Now we have a risk analysis market leader and a feisty upstart competitor and the drama that goes along with that sort of healthy…

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Wealthtechs Totum Risk & Circleblack Announce Integration

ATLANTA – January 29, 2018 – Totum Risk, the only risk tolerance digital questionnaire that helps financial advisors understand how much risk their clients can comfortably take based on their life situation, defined as risk capacity, has integrated with CircleBlack, a leading wealth management platform for advisors that offers multi-aggregation, integration, revenue generation and performance…

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How to navigate client portals

In order to provide the highest level of financial advice for clients and compete against robos, advisors must use technology that helps them develop a competitive edge in service, advice and customer experience. Advisors can often put together more appropriate portfolios based on their knowledge of the market and their clients. However, without robust portals…

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3 Questions with Larry Shumbres of Totum Risk

NAME: Larry Shumbres TITLE: CEO  COMPANY: Totum Risk WEB ADDRESS: www.totumrisk.com How did you personally become involved in fintech? I started my career selling hardware and software for IBM, but always had a passion for finance.  In 2005, I made an industry change and went to work for NYLife MainStay Investments in New York City. …

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Don’t Let Risk Tolerance Questionnaires Kill Your First Client Impression

Recently a friend of mine, an experienced advisor, convinced another mutual friend to move his assets. Before the first meeting, the advisor gave our friend a standard risk-tolerance questionnaire on paper. Shortly after, the prospective client returned the blank questionnaire and made it clear that the advisor would have to do better to manage his…

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Letting A Client’s Personality Shine Through

Advisers serve as financial therapists, seeing clients when they are at their best and their most vulnerable. Discussions about debt, end-of-life care, and retirement, are personal and intimate conversations, and for many clients, building open communication and trust is vital to keeping their adviser throughout their lives. To maintain that relationship for the long haul,…

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Weekly Wealthtech Report: HedgeCoVest Rebrands, Pivots Toward a TAMP

Also this week: RIA in a Box adds trade-monitoring tools, Totum Wealth has a new CEO, and CoinIRA launches cryptocurrency investments. Totum Wealth Hires New CEO Speaking of rebrands, Totum Wealth is rebranding itself as Totum Risk, in order to focus on the company’s efforts to find data-driven ways of evaluating client risk tolerance and exposure. The…

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