"Definitely. I want to transfer the other accounts over to you."
That's something we love to hear. It shows trust, communication, and the desire to continue a long-lasting relationship. Frankly, we hear that all the time from our advisors when they present Riskalyze to their clients and prospects. It's not some formula or magic, it's simply showing the investor how they're invested and how their advisor is focused on risk in their portfolio. Dealing with risk isn't an afterthought: it's the purpose.
Here are three core methods advisors use to find held away assets:
- 1️⃣ Risk Number
In the questionnaire, investors are asked to enter their entire investable amount. Why? Because to find their true Risk Number and how much they're really willing to risk, they need to be thinking about all their assets. Here's another way to think about it: if you had five million dollars, but I asked you how much risk you could handle on your $100,000 account, what do you think your answer would be?
- 2️⃣ Portfolio Tools
When walking through the portfolio in a meeting, the client will pour over the analysis and really come to grips with the risk involved. Once they see that, many clients have asked their advisor "while we're at it, can you also examine this other account?" Check out our Portfolio Analysis tools and outside Asset Sync feature for some cool tricks for bringing in held away assets.
- 3️⃣ Retirement Maps
With Retirement Maps, clients have become giddy with excitement to see the actual probability of their success in a succinct, interactive format. On top of that, if they have retirement accounts held elsewhere, they'll definitely want their advisor to include those figures in the calculation.
These are just a few ways that advisors are utilizing Riskalyze to find other assets and to better assist their clients to achieve their risk comfort zone. Be creative and use Riskalyze to maximize the value for you and your firm.