ATLANTA (PRWEB) AUGUST 07, 2019
TIFIN Risk, the only multi-scoring risk tolerance tool that helps advisors understand how much risk their clients can take based on their life situation, announced that is has been selected as a finalist for the 2019 WealthManagement.com Industry Awards in its Technology Providers: Risk Tolerance/Client Profiling category. This year’s nomination focuses on new machine learning added to the backend of TIFIN Risk’s quantitative risk models used to power its risk tolerance questionnaire and risk capacity score.
The WealthManagement.com Industry Awards, now in its fifth year, celebrates the companies, individuals and organizations that demonstrate outstanding achievement in support of financial advisor success. A record number of nominations were submitted this year—more than 650 entries were received from 262 companies*. Winners will be announced at a black-tie event at The Ziegfeld Ballroom in New York City on September 12, 2019.
“We are deeply honored and proud to be recognized as one of the industry’s top technology providers for risk tolerance,” said Larry Shumbres, CEO at TIFIN Risk. “We continue to invest in advanced technology that improves the financial outcomes and bottom line for our clients.”
To qualify as a finalist, TIFIN Risk was rated on criteria, both quantitative and qualitative, that facilitate how advisors can better manage risk for clients.
“Machine learning and predictive analytics unlocks the data that informs real-time decisions,” said John Aruldoss, CTO of TIFIN Risk. “TIFIN Risk’s quant models leverage population analytics and carefully curated data from IBM to continuously calibrate and monitor the client’s risk capacity score. With TIFIN Risk, when a portfolio shifts outside the risk capacity score, the advisor is immediately alerted based on that new life event. In the past, early-warning systems like these would have taken years to develop.”
Additional details about the WealthManagement.com Industry Awards and a full list of the 2019 finalists can be found online at https://events.wealthmanagement.com/2019-finalists/.
*2019, May 31, WealthManagement.com Press Release, WealthManagement.com Announces Finalists for the 2019 Industry Awards.