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TECHNOLOGY PROVIDERS Risk Tolerance/Client Profiling
ANDES WEALTH TECHNOLOGIES
People often question the accuracy of risk tolerance assessment. This initiative solves two challenges: - How to build a defensible risk tolerance assessment that can stand the scrutiny of arbitrators? - How to broaden the conversation and develop a deeper understanding of clients? Andes’ patented Risk Tolerance Test is the most defensible approach that maps the investor’s choice directly to one of the advisor’s models, cross-validated by a psychological risk questionnaire. The attached article, Building the Ultimate Risk Tolerance Assessment, explains in detail. For client Holistic and Defensible Risk Tolerance/Client Profiling
profiling, Andes takes a modular approach to embed behavioral finance throughout existing workflows, culminating in a Behavioral Risk Index that captures the investor’s behavioral risk, i.e. the tendency to make irrational
decisions, to help advisors prioritize communication during market turmoil.
Andes Wealth Technologies provides an award-winning risk tolerance, Investment Policy Statement and client onboarding solution, with behavioral finance embedded throughout, to help financial advisors deliver deeply personalized advice at scale. 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, and 2023 finalist - Winner, 2022 ThinkAdvisor Luminaries Award - Finalist, 2021 & 2022 MMI/Barron’s Industry Award Andes Wealth Platform is a new way to deliver wealth management, building on patented technologies that form the foundation of a truly personalized client experience (patents 11403708 and 11610266). Yang is also the winner of the 2022 Investment News Women to Watch Award.
236 WealthManagement.com
*NOTE: Company descriptions are effective as of the date of nomination submission (February – May 2023). For updated facts and figures since that timeframe, please contact the nominated company.
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