It's simple to create, analyze and propose portfolios with Riskalyze. Let's take a look at some of the powerful portfolio tools at your fingertips.
In This Article
Working with Current Portfolios
Once you've captured your client's Risk Number, the next step is to compare it to their portfolio's Risk Number. To do that, create a new portfolio for your client or prospect. Start by selecting an account type, choosing between a standard account (Funds, Stocks, and Other), an SMA/UMA account, or an Annuity/Insurance account. The Funds, Stocks and Other account is our default account type, and when selected will give you a few different options for entering holdings. The options are as follows:
- Enter Manually: Takes you directly to an empty account, where you can manually search for investments to add via the "Add Investment" search bar along the bottom of the account.
- Copy a Model: Allows you to select one or more of your saved Model Portfolios and use them as a starting point for the account.
- Import File: Lets you import a portfolio's holdings via spreadsheet.
- Asset Sync: Sync in the client's account holdings from any financial institution.
Pro Tip: Before choosing one of the above investment entry options, make sure to check our integration partner list to see if one of our integrations will work for you. To do so, go to Menu > Settings > Integrations in your account.
Need to add more accounts to a portfolio? Click +ADD ACCOUNT at the bottom of the portfolio to create another account
To remove an entire account, click the 3 Dot (...) Menu button and select Delete Account:
You can reorder accounts by dragging them up or down. Simply hover, then click the account header to do so.
Creating and Implementing a Proposed Portfolio
Now that you've compared your client's Risk Number with the risk of their current portfolio, you've likely found that some adjustments are needed to bring their portfolio in alignment with their goals. Propose these changes by creating one or many proposals. For an interactive walkthrough, check out our Riskalyze Academy Lesson.
1. Open the client's profile in Riskalyze.
2. Click the PROPOSALS tab and select ADD NEW PROPOSAL
3. From here, you can either choose to start fresh by selecting Add Account or use the current portfolio as a starting template, by selecting Copy Current Portfolio.
4. Selecting Add Account will present you with options similar to those presented when creating a Current Portfolio, with the exception of Asset Sync, which is only available for Current Portfolio accounts. Additionally, in proposed portfolios, you'll have the option to Copy the Current Portfolio over at any time.
5. You can then make changes as desired, such as adjusting allocations, adding accounts, or copying in additional models.
Implementing a Proposal
Ready to move forward with a Proposed Portfolio? From the client's profile, click Implement Proposal to make it the Current Portfolio (archiving the existing Current Portfolio).
Now, a list of actions needed to implement the proposal will appear, along with options to download Trade Lists and mark actions complete. This is a great way to track your progress in opening new accounts, making trades, etc. as you implement a proposed portfolio!
When you create a new portfolio, any previously created portfolio is automatically "Archived." View archived portfolios by clicking the 3 Dot Menu > View History.
Also, you can manually archive a proposed portfolio from this menu too.
Riskalyze offers a range of portfolio analytics designed to give your clients insight into potential risks and returns, and help you engineer a portfolio that fits their needs. Along the right-hand margin of a portfolio, you'll find that portfolio's Risk Number, six month 95% probability range, Riskalyze GPA, Potential Annual Return, and its aggregate Annual Dividend and Expense Ratio. Additionally, if you've set up advisory fees for the accounts in a given portfolio, you'll also be able to see the effective fee percentage for the portfolio (annualized, based on the current portfolio value). Learn more about portfolio analytics by checking out the articles below:
Pro Tip: Add all of your client's accounts to the portfolio for the most powerful analysis. Riskalyze will aggregate return, volatility, and correlation data of each security, calculating the effects of diversification to show Risk Numbers for each account as well as the overall portfolio.
Riskalyze indicates important information about holdings in the portfolio using icons:
Limited Historical Data – indicates the investment has not experienced a full bear market. Such investments use Extrapolation to "fill in the blanks" in their history.
Used Proxy – indicates Riskalyze is using a proxy set by the advisor to determine risk for this holding.
Used a Fallback – shown when an investment was not recognized. Indicates that Riskalyze is using a fallback such as SPY to determine risk.
Custom Scenario – indicates custom adjustments have been made to the investment's Risk / Return Scenario. For more information on any holding, simply click its name to reveal the Risk / Return Scenario. See Viewing a Holding's Key Analytics for more details on the data shown.