Auburn, Calif.-based Riskalyze announced an enterprise agreement with Cetera to standardize risk management across the Cetera network of firms.
Beginning this year Cetera will make available Riskalyze’s portfolio analytics and risk alignment to its entire advisor network at no additional cost via its AdviceWorks platform, the firms announced on Tuesday. Cetera’s advisors will also have the ability to upgrade to Riskalyze’s premium products at a discounted rate.
“Cetera is at the forefront of advice-centric innovation in the wealth management space and risk management is a key component and value-driver within a wealth offering,” said Aaron Klein, Riskalyze CEO, in released comments. “They weren’t looking to add a vendor…they want to create a uniquely comprehensive and consistent approach for their financial professionals to benchmark, measure, document and analyze risk for investors. We are honored to be their ally in delivering these new capabilities.”
Cetera chose Riskalyze for its ability to centralize and standardize client risk measurement, as well as its ability to offer a holistic view of risk for advisors, said CEO Adam Antoniades.
Additional details of the Cetera-Riskalyze partnership were not disclosed in Tuesday’s announcement.