Advisor technology provider Nitrogen—formerly Riskalyze—introduced a raft of platform and tool updates at its annual Fearless Investing Summit, held this week in Nashville.
“We want to be your trust platform,” said CEO Dan Zitting, who took over for Nitrogen founder Aaron Klein last November.
Chief Product Officer Justin Boatman introduced several enhancements, including expanding oversight and controls within the Nitrogen Command Center in 2024 to include new tools such as Advisor Filters, Subdomains and Securities Builder, which give enterprise firms better access and customization options.
Boatman also discussed a new framework allowing firms to “unbundle the big bundle.” Now, advisory shops that use the platform, which range in size from solo practitioners to multi-billion AUM firms with hundreds of advisors, can purchase individual components or full bundles of the entire suite (the Elite bundle), according to Nitrogen. Pricing was not discussed.
He said enterprises can now build their best-of-breed tech stack, access the products they need and pricing by the volume of accounts in their data feed, and have unlimited advisors and assistants access the system, too.
Boatman also introduced the Stock Intersection tool, which allows advisors to break down equity exposures within funds and portfolios.
“The No. 1advisor-requested feature here at Nitrogen has been the ability to illustrate underlying equity exposure to tell a more complete story about a portfolio," he said, illustrating the feature with the hypothetical client Andrew, who comes in asking about Nvidia and says, ‘I think now is the right time to buy it.’
“We easily show him it is already 9% of his equities clicking on Stock Intersection,” Boatman said.
Those illustrations, in combination with the ability to showcase deep comparisons of up to five portfolios and investments side-by-side called Stats Multiview, were some of the new features demonstrated.
Others released within the Research Center included improved tools for analyzing trailing returns in Discovery, Nitrogen’s fund screener, and the ability to ‘favorite’ securities for more efficient proposal creation.
Stock Intersection and the other features are available immediately, while Stats Multiview will be available sometime in November.
The company's single most well-known set of tools—the Risk Center, is also getting updates, said Nick Harding, Nitrogen’s head of customer success. He introduced AI Statement Capture, a new tool in beta that is available to current Nitrogen customers, which streamlines the conversion of client statements into actionable portfolios.
Stephanie Walker, managing director of Advisor Solutions, discussed updates to the Planning Center and introduced Income Source, a retirement income planning feature that offers full visibility into decumulation strategies for clients and reports on their income sources.
“It allows clients to view where their retirement income is going to come from,” Walker said, who illustrated how easily advisors can demonstrate to clients the dynamics of how that income will change over time.
