HighTower Advisors Get Access to RiskalyzeHighTower Advisors Get Access to Riskalyze

Riskalyze built its business working primarily with individual advisors, but about a year ago, the fintech announced it would expand its resources to accommodate the growing segment of enterprise clients—broker/dealers and large registered investment advisor firms. HighTower, with its 50 advisors, is the latest enterprise to sign on, bringing its risk alignment and trading automation capabilities to the firm’s advisor workforce.

Other large enterprises to choose Riskalyze this year include Independent Financial Partners, which broke away from LPL to launch its own broker/dealer this year, and Waddell & Reed.

HighTower, which recently shifted away from its original partnership model to focus on acquiring RIAs, plans to use the prospecting tools from Riskalyze, in addition to its risk tolerance software. HighTower advisors will also have access to Autopilot, the trading automation platform from Riskalyze.

Want The Daily Brief delivered directly to your inbox? Sign up for WealthManagement.com's Morning Memo newsletter.