risk analysis Archives - Redtail Technology

New integration with Andes Wealth Technologies!

Paul — Wed, 15 Mar 2023 14:10:20 +0000

ABOUT Andes Wealth Technologies “Andes Wealth Technologies is the first company to combine behavioral finance with risk visualizations to help financial advisors differentiate and deliver truly personalized services.

Inspired by Dr. Andrew Lo from MIT, co-winner of the Harry Markowitz Award with founder and CEO Helen Yang, and his Adaptive Markets Theory, Andes Wealth Platform has received numerous awards:

Winner, 2021 & 2022 WealthManagement.com Industry Award
Winner, 2022 & 2023 WealthTech Americas Award
Winner, 2022 Family Wealth Report Award
Winner, 2022 ThinkAdvisor Luminaries Award
Finalist, 2021 & 2022 MMI/Barron’s Industry Award

Learn more at www.andeswealth.com.“

WHAT ARE THE INTEGRATION POINTS BETWEEN ANDES WEALTH TECHNOLOGIES AND REDTAIL CRM?

Redtail CRM Clients and Prospects (including Households, Investors, Accounts, and Positions) are synced to Andes Wealth on a nightly basis.

DETAILS ON INTEGRATION SETUP AND USAGE Redtail’s documentation on this new integration is available here.

0765-OAT-3/15/2023

Posted by: Redtail Technology
About: Redtail Technology, Inc. is a leader in web-based Client Relationship Management solutions for financial advisors.

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Building Your Tech Stack webinar with StratiFi on May 17!

Paul — Fri, 13 May 2022 13:39:26 +0000

ABOUT this webinar
Topic: Building Your Tech Stack – StratiFi
Description: How to empower clients to easily understand risk and take action with StratiFi and Redtail CRM

It’s a given that the appetite for risk differs for all investors depending on where they are in their financial lives. See how StratiFi can help you to better understand, track, and provide advice and action against current risks facing client portfolios, effortlessly. We will share best practices on communicating risk insights to bridge the gap for prospects and clients.

StratiFi is a financial technology company that empowers investment advisors to understand portfolio and business risk better. StratiFi’s online platform gives investment advisors access to sophisticated risk management technology, usually only accessible by the largest institutions. StratiFi’s PRISM Ratings™ risk scoring technology provides advisors with a rolled-up score based on their book of business, giving them more insight into the risks in their clients’ portfolios and their own business, so they can pick the risks they want to take.

Posted by: Redtail Technology
About: Redtail Technology, Inc. is a leader in web-based Client Relationship Management solutions for financial advisors.

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Building your Tech Stack: Redtail’s May 2022 Partner webinars

Paul — Mon, 02 May 2022 14:20:21 +0000

In May of 2022, our Building Your Tech Stack webinar series will focus on partners in the Risk Analysis and Financial Planning categories. A description of each partner category along with the partner(s) we focus on in our webinars this month is below.

Risk Analysis

One of the relatively more recent categories of fintech software, Risk Analysis tools help advisors evaluate each of their client’s acceptable risk levels for their portfolio both at the outset of the relationship and as they monitor the portfolio performance over time. Risk tolerance can change, so ensuring that your recommendations remain suitable for each of your clients as their tolerance changes is vitally important. These tools can prove valuable during the prospecting process; they can also help advisors exhibit how they are meeting compliance requirements in terms of acting as a fiduciary for each of their clients.

Risk Analysis tools provide a wide range of analytics, projections, and reports, varying from one provider to another. Integrating your Risk Analysis software with Redtail CRM allows you to see, often at a glance, each of your client’s risk tolerance, and to easily access the other tools and reports made available by the provider, all without having to leave Redtail.

In a May 17 Building Your Tech Stack webinar with StratiFi, our topic is:

How to empower clients to easily understand risk and take action with StratiFi and Redtail CRM

It’s a given that the appetite for risk differs for all investors depending on where they are in their financial lives. See how StratiFi can help you to better understand, track and provide advice and action against current risks facing client portfolios, effortlessly. We will share best practices on communicating risk insights to bridge the gap for prospects and clients.

Financial Planning

The process of financial planning is intricate; tools you can use to help you dive deeper into the process in order to make the complex projections and calculations you’ll need to perform to recommend a course of action for each of your clients are invaluable.

Financial planning tools are built with purpose and finding the right one for you is going to make a big impact in your practice. Your financial planning software is going to be integral throughout the seven steps of the financial planning process as defined by the CFP Board. The level of integration available between different financial planning software and your CRM varies, but you are likely to find contact sync and easy access to planning documents with many of these integrations, helping to streamline one of the most time-consuming aspects of your operations.

In an May 31 Building Your Tech Stack webinar with Holistiplan, we’ll be considering the below:

Tax Planning Is the Powerful Tool Advisors Didn’t Know They Need

Tax planning shouldn’t be a once a year event but a continuous year round conversation with our clients. Come learn how Holistiplan is now helping more than 10,000 financial planners be more comprehensive and more efficient by drastically reducing the time it takes to provide high impact tax planning for clients. By leveraging the Redtail–Holistiplan integration, advisors are able to further streamline the process in several ways, including the ability to make notes on tax conversations. Join us to learn the latest about the integration, hear product updates from Holistiplan, and learn about the upcoming roadmap.

Holistiplan is an award-winning tax planning software solution for advisors. Built to systematize and automate the process of reviewing a client’s tax return to uncover potential planning opportunities, Holistiplan was created and designed by co-founders, Roger Pine, CFA®, CFP®, and Kevin Lozer, CFP®. The software accomplishes what has historically been two competing goals in the financial services profession: to streamline the financial planning process for advisors while improving it for every client. To date more than 10,000 advisors across the country leverage the powerful software to drive better planning.

Posted by: Redtail Technology
About: Redtail Technology, Inc. is a leader in web-based Client Relationship Management solutions for financial advisors.

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New integration with StratiFi!

Paul — Wed, 05 May 2021 14:17:06 +0000

StratiFi: A Robust Risk Analysis, Portfolio Design, and Compliance Platform

ABOUT StratiFi “StratiFi is a one-stop-shop risk analysis and compliance platform that quantifies risk on a simple scale of one to ten. Stratifi allows a wealth management firm to understand how a client’s portfolio risk compares with their risk tolerance. The firm will easily be able to spot misalignments allowing them to take corrective actions with clients and have an audit trail from a compliance standpoint.”

WHAT ARE THE INTEGRATION POINTS BETWEEN STRATIFI AND REDTAIL CRM? Integrating a CRM system with a risk management system can create a very efficient process for advisors to review risk with their clients and prospects. This integration allows Redtail & StratiFi customers to sync their Prospect, Client, and Household data from Redtail into StratiFi to see their risk profile and portfolio risk and have oversight on accounts.

DETAILS ON INTEGRATION SETUP AND USAGE Redtail’s documentation on this new integration is available here.

Posted by: Redtail Technology
About: Redtail Technology, Inc. is a leader in web-based Client Relationship Management solutions for financial advisors.

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10 reasons why Redtail CRM may be just the solution you’ve been looking for: Reason #7

Paul — Thu, 04 Mar 2021 13:45:39 +0000

Reason #7:

You need the technologies you use to integrate in meaningful ways so that you can eliminate redundant data entry and errors, streamline your processes, and improve client experience.

The word “integration” has its roots in Latin and means essentially to make into a whole by bringing all parts together. Redtail CRM serves well as a foundational system from which everything else can flow within your organization, but it can’t handle all aspects of your business. As your firm grows, other pieces of a working technology suite will include planning, form-filling, aggregation, risk analysis, and document storage software, just to name a few. While Redtail won’t perform the functions of these other applications, through all of the many integrations we make available you are able to sync data and streamline processes across these other essential tools.

Because Redtail CRM is tailored specifically to the financial services industry, the integrations we offer with other industry solutions don’t require customization and/or the need to bring in expensive consultants to make them work for your business; instead, these integrations were built out with advisors like you in mind. For proposed integrations to be meaningful, they should help you bring all the parts of your business together, and that is always our aim.

COMMITTED TO INTEGRATION FROM THE START

Redtail has been committed to integrating deeply and widely with other fintech firms since our founding back in 2003. It’s only through robust integration that you can bring all components of your business together in a way that allows you to ensure cross-platform data accuracy and real-time business data visibility unhindered by siloing. Further, the level of “data confidence” created in your employees as a result of integrations, when they know that they’ll find the same information regardless of the platform from which they access that information, empowers them to focus on their core jobs, while also supporting greater automation of processes.

There’s a lot of automation that can happen that isn’t a replacement of humans but of mind-numbing behavior. ~Stewart Butterfield

As a practical example, let’s consider an Imaging (or Electronic Document Storage) solution that is integrated with Redtail CRM. In addition to the efficiencies in terms of space, back-office, and compliance that paperless document storage creates for your office, integrating an Imaging system with Redtail creates further efficiencies that would be unavailable were Imaging used in a standalone situation. If you need to find a document relating to a client quickly (such as during an unexpected call from the client), your Redtail-Imaging integration will allow you to easily retrieve that document from within the client’s CRM record. No digging through file cabinets and no opening up a separate application to search first for the client and then for their documents. Additionally, multiple users of Redtail CRM across different locations can pull up the same document at the same time if and when that need arises.

BRING YOUR BUSINESS TOGETHER

Regardless of the type of tech tool you are looking for to assist with a particular business challenge, Redtail likely has an integration with multiple vendors who offer a solution that may meet your needs. Just click one of the links below to learn more about our current integrations for any of these categories of provider:

As you are seeking out tech solutions for your firm, always bear in mind that the better those solutions work together, the better it will be for your business. You’ll spend less time swapping between software, less time worrying about data integrity, and more time focused on your clients and the experience you can provide them. Integrations create efficiencies that are otherwise impossible; creating efficiencies, when time is often the scarcest of your resources, must be viewed not as a luxury, but rather as a necessity, and Redtail CRM has set itself apart in terms of industry integrations over nearly two decades now.

Up next week, Reason #8: Many of your essential technologies feel disconnected from one another and require time consuming interactions with support from many different vendors.

As always, if you have any questions along the way as we address these, you can reach out to our team at sales@redtailtechnology.com or 800.206.5030. We can’t wait to get to know you and your business better and to show you why Redtail is an industry leader committed to your success!

Posted by: Redtail Technology
About: Redtail Technology, Inc. is a leader in web-based Client Relationship Management solutions for financial advisors.

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