About Us

Founded in 2015 by FinTech industry veterans, Totum Risk brings a comprehensive understanding of risk to wealth management. Having worked with the largest pension, endowment, and sovereign wealth funds in the world, we observed that the best institutional investors all had a thorough understanding of risk, but most individual investors did not. We began researching why there was a discrepancy and discovered that a risk tolerance tool that accurately calculated personal risk exposure simply did not exist. This led to the inception of Totum.

With traditional risk surveys and robo-advisors, investors typically complete a questionnaire based on their feelings about risk without consideration of life events that could impact their investment strategy. Furthermore, these questionnaires are often given only once, additionally reducing their efficacy. The resulting risk score is a reflection of the investor’s risk preferences at the time the questionnaire was completed, not their current risk capacity, and could potentially have a negative impact on their investment portfolio. To address this problem, Totum quantifies risk capacity using multifaceted human capital factors and financial goals that are unique to each household. Totum also sends advisors annual reminders for their clients to retake the questionnaire in order to ensure an accurate investment strategy for the client’s current life situation. The end result is a clear understanding of the investor’s risk capacity presented in an easy to explain format that acts as a solid foundation for discussion between the advisor and their client or prospect.

Our Team

Mark Cone

Mark Cone

Co-founder and Managing Partner

Prior Life: Causeway Capital Co-Founder
Human Capital: skier, proud father of three.

Larry Shumbres

Larry Shumbres

CEO

Prior Life: FinTech, Schwab, Morningstar, eMoney.
Human Capital: athlete, father, builder of businesses.

John Aruldoss

John Aruldoss

CTO

Prior Life: Equifax, Verizon Wireless, General Motors.
Human Capital: father, music lover.

Jodi Leibowitz

Jodi Leibowitz

Director of Marketing

Prior Life: speaker, writer, manager, trainer.
Human Capital: mom, wife, entrepreneur.

Steve Burns, PhD

Steve Burns, PhD

Director, Quantitative Analyst

Prior Life: Physicist, Quantitative Analyst at MetWest and TCW.  Human Capital: World Traveler.

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