Riskalyze Review

PROS: It gives a "risk score" as a way of judging the historical risk in a given portfolio

CONS: If you do not clear through Albridge, there can be extra charges. I clear through Pershing. Although I asked several times I was told there would be no other charge. It turns out that Pershing charges a$500 setup fee and $150 a month data fee to automate the service. Otherwise you must manually download client information to a spread sheet, then upload to Riskalyze.

PROS: * Several of the pages (ie. Summary, Risk-Reward Heatmap & Stress Tests) have nice color graphs.

CONS: There is no such thing as Full Disclosure with Riskalyze. Product Related Concerns * LACK OF FULL DISCLOSURE * Be certain to read the Terms of Service and Privacy Disclosure on the Riskalyze website BEFORE you sign the CONTRACT. The contract is for 12 MONTHS and is renewed Annually. It\\\'s rather ambiguous on the contract/forms, you have to go to the website to find the the information. YOU ARE RESPONSIBLE for reviewing and understanding the Terms of Service, that they can change at any time. * When you cancel service, understand that the cancellation will be noted on your account and will NOT go into effect until AFTER your ANNUAL CONTRACT has been fulfilled. There is no proration for when you cancel, you will pay the entire year. This is not clearly defined/stated in the Terms of Service and not one representative ever mentioned this, even when changing billing from annual to monthly. * Not all the Costs Associated with using Riskalyze are disclosed. Check (Your PLATFORM) with which you will require integration to obtain any costs from your end. Riskalyze has said on several occasions that they would get my subscription integrated with (my PLATFORM), to no avail. (There is another review on this website for Riskalyze that states cost to integrate with Pershing is $500.) * There is no historical function or archive. When you download a report, it is not based on the date the file was archived, but rather the date is it downloaded. And there is no way to compare changes to the portfolio. To do a \\\"side-by-side\\\" comparison you will need to enter a new profile (especially if you wish to maintain historical data). *Entering a new profile is cumbersome, especially on a tablet. Forms load EXTREMELY SLOW. The process leaves much to be desired. * The Investment List needs improving. Yet another reason data entry is so problematic. I\\\'ve requested several products be added, again, to no avail. Service Related Concerns * In the past, it tended to be difficult to get a Representative on the phone. It is probably best to correspond via email, as you will want to have documentation of everything you request. *In the past it has taken Riskalyze representatives a long time to respond to inquiries. *In the past, Problems/ Concerns go unresolved. Note: I\\\'ve stated \\\"In the past\\\" on the above, because I have stopped requesting assistance and have decided to find a different Investment Risk Analysis Platform/Software. The only current interactions I have had have been the renewal process, with which Riskalyze bombards your email /sends countless reminders to let you know your contract is expiring and the account cancellation process. They\\\'ve certainly been responsive to those to matters.