RIA consolidator agency Focus Monetary Companions has partnered with HiddenLevers, an organization constructed round cloud-based portfolio stress testing, to create a enterprise intelligence platform for Focus and its associate corporations, based on an organization announcement. Focus Monetary started publicly buying and selling final yr and earlier this yr introduced a take care of an RIA tallying $1.three billion in income, a deal that can contribute to an anticipated banner yr in deal quantity.
“Know-how is a vital enabler of our associate corporations’ enterprise fashions and gives them with tangible networking advantages. Given our scale, we instantly affect how options are developed in order that they're tailor-made to Focus wants,” mentioned Rudy Adolf, founder, CEO and chairman of Focus, in a press release. “HiddenLevers is the correct enterprise intelligence platform for fiduciaries, as a result of they suppose like fiduciaries.”
"Along with the Enterprise Intelligence platform, all Focus corporations might be utilizing our proposal technology device," mentioned HiddenLevers co-founder Raj Udeshi in an interview. He added that whereas the platform is constructed it'll proceed to be added to and that each one Focus corporations can have entry to the brand new instruments over the summer season.
HiddenLevers first got here to the eye of monetary advisors when it was nonetheless in beta again in March of 2011 [https://www.investmentnews.com/article/20110327/REG/303279974] . At the moment, the startup offered interactive portfolio stress testing, macro situation modeling, a macro situation hedging screener, macro development funding analysis and The Struggle Room (an entertaining and informative month-to-month interactive webinar analyzing Macro Situation outcomes).
Quick ahead and since then the corporate has added danger profile comparability and proposal technology instruments amongst different issues, together with many alternative integrations with business companions from TD Ameritrade Institutional to Envestnet and Orion Advisor Providers. HiddenLevers has grown to a staff of 20, half of them builders and is now headquartered exterior Atlanta, in Decatur GA.
This story is growing and might be up to date shortly.
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