ATLANTA, Feb. 22, 2018 /PRNewswire/ — Totum Risk, the only risk tolerance digital questionnaire that helps financial advisors understand how much risk their clients can comfortably take based on their life situation, defined as risk capacity, has integrated with CircleBlack, a leading wealth management platform for advisors that offers multi-aggregation, integration, revenue generation and performance reporting all in a central single sign-on (SSO) Key Stroke hub.
Totum also offers advisors a FINRA-compliant proposal generator to customize white labeled reports for their clients.
The Totum/ Circleblack integration will help advisors accurately evaluate existing client portfolio holdings and easily review and model investment strategies suitable for each individual client.
“We are excited to integrate with Circleblack and offer a more accurate and relatable risk tolerance tool for their clients,” said Larry Shumbres, CEO of Totum Risk. “We see a trend of more and more advisors, RIA’s and institutions moving toward the digital advice platforms. With Totum, advisors can now build instant credibility and win more business.”
According to John Michel, CEO of Circleblack, “Totum has a differentiated product which gives real value to advisors when integrated with CircleBlack’s advisor hub. CircleBlack’s robust data model provides Totum with a complete view of each client’s investments for it’s risk calculations.”
The integrated fintech product offering commenced in January 2018 and is currently available to advisors.
About Totum Risk
Based in Atlanta, Totum offers financial advisors the ability to connect with their clients through an online risk tolerance questionnaire. With Totum, life situations are taken into consideration, creating a more accurate representation of how much risk a client can actually take given their current life circumstances. Visit www.totumrisk.com.
CircleBlack is a wealth management platform that provides financial advisors with a complete financial overview of their clients’ portfolios in one, simple-to-access location. The firm aggregates feeds from custodians along with any direct holdings, such as mutual funds and annuities.