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June 16, 2021

UX Wealth Partners taps StratiFi for risk management

By Verdict Staff

UX Wealth Partners , an AI-driven turnkey asset management platform (TAMP), has chosen StratiFi as the preferred risk profiling and proposal software for its RIA partners.

StratiFi provides risk management technology for investment advisers through its online platform.

The PRISM Rating technology developed by the firm utilises sophisticated risk analysis to profile clients and quantify risk on a simple 1 to 10 scale.

This is said to help advisers better grasp the factors that improve the performance of a portfolio by evaluating factors such as correlation, volatility, tail risk, and concentrated stock risk.

These scores, along with actionable insights, are said to enable advisers to mitigate risk and communicate complex risk exposures.

UX Wealth Partners co-founder and CEO Kyle Wiggs said: “With the volume of data now overwhelming even the best human minds, technology has come so far that we can now confidently leverage machine learning and artificial intelligence to pursue better investment outcomes for clients.

“We wanted a risk profiling partner that shares our passion for leveraging technology to create better outcomes. After a year of due diligence, the technology, culture, and team at StratiFi were the perfect fit.”

UX Wealth Partner provides advisers with technology solution and access to investment managers.

Its platform is claimed to eliminate human bias from the buy-sell decisions that can negatively impact investors and provides advisers with technology to manage clients and grow their business.

StratiFi Technologies co-founder and CEO Akhil Lodha said: “Kyle and his team at UX Wealth Partners have built a solution to this problem and we believe in the mission behind the company. We couldn’t be more excited that they chose StratiFi as their preferred risk provider for this endeavour.”

In November 2019, SS&C Technologies joined forces with StratiFi to enhance compliance capabilities of registered investment advisory (RIA) firms.

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