Riskalyze is a financial technology company that provides software as a service to financial advisors in the United States. Riskalyze's platform provides tools for analyzing investment risk, delivering 401 plans, and building and implementing investment portfolios.
Riskalyze invented the Risk Number, an alignment tool for financial advisors to quantitatively measure investor risk tolerance, risk capacity, and portfolio risk on a scale from 1 to 99.
Co-founders Aaron Klein, Mike McDaniel, and Matt Pistone founded the company in 2011. Riskalyze was initially a free consumer product, but became a tool licensed to financial advisors after a shift in the business model.
In 2016, Riskalyze raised Series-A institutional funding of $20 million from FTV Capital. Riskalyze was recognized by Fast Company on its list of The World’s Top 10 Most Innovative Companies in Finance 2013 and The World’s Top 10 Most Innovative Companies in Personal Finance 2015. Forbes recognized Riskalyze on its Fintech 50 list in 2015 and 2016.
In August 2017, Riskalyze was reported to support 20,000 advisors collectively representing hundreds of billions in assets under management. Riskalyze has approximately 225 employees, two offices in Auburn, California, and one office in Atlanta, Georgia in the Bank of America Plaza.
Highest paying job titles at Riskalyze include Client Engagement Manager, Head of Schools, and Professional Services Manager