Riskalyze is a financial technology company that provides software as a service to financial advisors in the United States. Riskalyze's platform provides tools for analyzing investment risk, delivering 401(k) plans, and building and implementing investment portfolios.
Riskalyze invented the Risk Number,[1] an alignment tool for financial advisors to quantitatively measure investor risk tolerance, risk capacity, and portfolio risk on a scale from 1 to 99.[2]
Co-founders Aaron Klein (Chief Executive Officer), Mike McDaniel (Chief Investment Officer), and Matt Pistone (Chief Technology Officer) founded the company in 2011. Riskalyze was initially a free consumer product,[3] but became a tool licensed to financial advisors after a shift in the business model.
In 2016, Riskalyze raised Series-A institutional funding of $20 million from FTV Capital,[4] and was then recapitalized by Hg in 2021. [5] Riskalyze was recognized by Fast Company on its list of The World’s Top 10 Most Innovative Companies in Finance 2013[6] and The World’s Top 10 Most Innovative Companies in Personal Finance 2015. Forbes recognized Riskalyze on its Fintech 50 list in 2015[7] and 2016.[8]
