Riskalyze
| Company type | Private |
|---|---|
| Industry | Financial technology |
| Founded | 2011 |
| Founder | Aaron Klein, Mike McDaniel, Matt Pistone |
| Headquarters | Auburn, California; Atlanta, Georgia , United States |
Area served | United States |
Key people | Aaron Klein (CEO), Mike McDaniel (CIO), Matt Pistone (CTO) |
| Products | Software-as-a-service for investment risk assessment, 401(k) management, portfolio design; Risk Number system |
Number of employees | 225 |
| Website | riskalyze |
Riskalyze is a fintech firm that provides software-as-a-service solutions tailored for financial advisors within the United States. Its platform offers functionalities including investment risk evaluation, management of 401(k) plans, and portfolio design.
The company created the Risk Number, a numeric system ranging from 1 to 99 that quantitatively assesses an investor’s risk tolerance, capacity, and portfolio risk, facilitating improved alignment between clients and their advisors.
History
Established in 2011 by Aaron Klein (CEO), Mike McDaniel (CIO), and Matt Pistone (CTO), Riskalyze initially launched as a complimentary product for consumers before transitioning into a subscription-based tool aimed at financial advisors.
In 2016, the firm raised $20 million during its Series A funding round led by FTV Capital and underwent recapitalization by Hg Capital in 2021. It received accolades from Fast Company as one of the World’s Top 10 Most Innovative Companies in Finance (2013) and Personal Finance (2015). Additionally, Forbes featured Riskalyze in its Fintech 50 rankings for both 2015 and 2016.
Current operations
By August 2017, Riskalyze was supporting approximately 20,000 advisors overseeing assets worth hundreds of billions. The organization employs about 225 professionals distributed across two offices in Auburn, California and one office situated in the Bank of America Plaza in Atlanta, Georgia.