The Evolution of Risk Solutions and the Multi-Platform Future with Aaron Klein

Risk has always been a part of financial advice and strategy. But what does it really entail, both for advisors and for their clients?

In today’s episode, Jack talks with Aaron Klein, Co-Founder & CEO of Riskalyze. Aaron is an innovator in helping advisors and clients understand and manage risk. He started Riskalyze a decade ago with a small team and invented risk solutions like the Risk Number and the Risk Alignment Platform.

Aaron talks with Jack about the evolution of risk solutions, the impact of focused innovation on financial advisors, and the future of a multi-platform world.

Key Takeaways

• [01:05] – How Aaron learned “grit” in business.
• [03:12] – The Riskalyze origin story.
• [11:36] – How the HG Capital and Riskalyze partnership came to be.
• [15:07] – How Riskalyze became a risk-centered wealth platform.
• [18:01] – What a multi-platform future looks like.
• [20:36] – Why focus is so important.
• [24:57] – Aaron’s three key takeaways.

Quotes

[05:52] – “It took off like a rocket when Riskalyze came out of beta in March of 2013. And here we are 10 years later. We get to serve tens of thousands of financial advisors across the country, and we’ve delivered over five billion risk numbers to their clients. It’s really incredible.” – Aaron Klein

[14:54] – “We started from the standpoint of, how can we help advisors better engage with clients at the front end of their process? And we just happened to believe that risk was the right way to engage with clients, that it was the right lens to help clients understand what they were doing and make better decisions that were fearless decisions instead of fearful decisions.” – Aaron Klein

[17:13] – “What we are building is a bit of an advisor desktop platform. We really believe in a multi-platform vision. We want to make sure it’s really easy for advisors to engage with clients and leverage those tools, and then implement those solutions for clients directly onto the different platforms that they might be on.” – Aaron Klein

Links 

• Aaron Klein on LinkedIn
• Riskalyze
• E-trade
• The New York Times
• Barrons
• NPR
• Josh Brown
• Pershing INSITE Conference
• Brian MacLaughlin
• FTV Capital
• HG Capital
• Black Diamond Capital Management
• Envestnet

Connect with our hosts

• LifeYield
• Jack Sharry on LinkedIn
• Jack Sharry on Twitter

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