TOTUM RISK

THE TIFIN GROUP Announces Acquisitions in Risk Profiling and Financial Planning to Further Expand Their Fintech Platform

Retrieved on: 
Wednesday, March 24, 2021
Finance, Money, Actuarial science, Economy, Financial risk, Risk, Wealth management

BOULDER, Colo., March 24, 2021 /PRNewswire/ -- THE TIFIN GROUP , a holding company with nine fintech companies for the asset and the wealth management industry, today announced the acquisitions of a risk profiling company, Totum Risk and a personal financial planning offering, myFinancialAnswers.

Key Points: 
  • BOULDER, Colo., March 24, 2021 /PRNewswire/ -- THE TIFIN GROUP , a holding company with nine fintech companies for the asset and the wealth management industry, today announced the acquisitions of a risk profiling company, Totum Risk and a personal financial planning offering, myFinancialAnswers.
  • TIFIN acquired the assets of both these companies to accelerate the launch of its own risk and financial planning solutions.
  • The new risk profiling launch will retain the Totum brand but the financial planning offering will use an unannounced and new brand.
  • "I am excited to join THE TIFIN GROUP and help launch its risk-driven offering," said Larry Shumbres, CEO of Totum Risk .

AdvisorPeak and Totum Risk Announce New Data Integration & Partnership

Retrieved on: 
Thursday, January 23, 2020
Actuarial science, Academic disciplines, Articles, Financial risk, Project management, Risk management, Security, Risk, Prevention

SALT LAKE CITY, Jan. 23, 2020 /PRNewswire/ --Totum Risk and AdvisorPeak are pleased to announce their new data integration and partnership.

Key Points: 
  • SALT LAKE CITY, Jan. 23, 2020 /PRNewswire/ --Totum Risk and AdvisorPeak are pleased to announce their new data integration and partnership.
  • Advisors will now be able to analyze risk score data from the Totum platform directly inside AdvisorPeak.
  • This robust integration removes the need for advisors to compare risk data in one system and then manually trade them in another system.
  • Clients using Totum for risk analysis and management will have access to the integration immediately.

Totum Risk® announces integration with Schwab Advisor Center®

Retrieved on: 
Wednesday, December 11, 2019
Finance, Charles Schwab Corporation, Risk, Money, Economy

ATLANTA, Dec. 11, 2019 /PRNewswire/ --Following Schwab's annual IMPACT conference, Totum Risk, an investment risk tolerance tool that calculates risk capacity in addition to risk preference, announced single sign-on integration with Schwab Advisor Center platform; becoming one of the first WealthTech providers to offer this capability.

Key Points: 
  • ATLANTA, Dec. 11, 2019 /PRNewswire/ --Following Schwab's annual IMPACT conference, Totum Risk, an investment risk tolerance tool that calculates risk capacity in addition to risk preference, announced single sign-on integration with Schwab Advisor Center platform; becoming one of the first WealthTech providers to offer this capability.
  • I developed Totum Risk with these key points in mind," says Larry Shumbres, CEO Totum Risk.
  • "The streamlined integration between Totum Risk and Schwab Advisor Center offers advisors a risk tolerance tool that stands out from every other risk assessment product on the market by not only looking at an investor's current life situation, but also providing the tools for the advisor to follow up annually, adding a much needed personal touch-point, exceptional customer service, and groundbreaking accuracy.
  • The addition of Totum Risk's single sign on integration with the Schwab Advisor Center platform makes it even easier for advisors to work between the two applications.

Totum Risk Unveils Its Latest Enhancement - Risk Trend Score - A Clear Picture of Portfolio Risk During Market Cycles

Retrieved on: 
Tuesday, September 10, 2019
Economy, Actuarial science, Finance, Money, Risk, Financial risk

Risk Trend Score will now be available to individual and enterprise users of Totum Risk on all subscription plans.

Key Points: 
  • Risk Trend Score will now be available to individual and enterprise users of Totum Risk on all subscription plans.
  • Totum's Risk Trend Score is designed to evaluate portfolio performance over multiple market cycles and periods of volatility.
  • The module combines three trend lines: Risk Capacity, Risk Preference, and Portfolio Risk Score across the x-axis and a vertical y-axis, from 0 to 100 in 25-point increments.
  • With Totum, advisors can easily customize how they engage with their clients and have in-depth discussions about their Risk Preferences, Risk Capacity and Portfolio Risk.

Totum Risk Selected as Finalist for WealthManagement.com Industry Awards

Retrieved on: 
Wednesday, August 7, 2019
Actuarial science, Business intelligence, Articles, Economy, Finance, Formal sciences, Big data, Predictive analytics, Statistical analysis, Risk, Analytics, Financial risk

ATLANTA, Aug. 7, 2019 /PRNewswire-PRWeb/ -- Totum Risk (Totum), the only multi-scoring risk tolerance tool that helps advisors understand how much risk their clients can take based on their life situation, announced that is has been selected as a finalist for the 2019 WealthManagement.com Industry Awards in its Technology Providers: Risk Tolerance/Client Profiling category.

Key Points: 
  • ATLANTA, Aug. 7, 2019 /PRNewswire-PRWeb/ -- Totum Risk (Totum), the only multi-scoring risk tolerance tool that helps advisors understand how much risk their clients can take based on their life situation, announced that is has been selected as a finalist for the 2019 WealthManagement.com Industry Awards in its Technology Providers: Risk Tolerance/Client Profiling category.
  • This year's nomination focuses on new machine learning added to the backend of Totum's quantitative risk models used to power its risk tolerance questionnaire and risk capacity score.
  • "Machine learning and predictive analytics unlocks the data that informs real-time decisions," said John Aruldoss, CTO of Totum Risk.
  • With Totum, advisors can easily customize how they engage with their clients and have in-depth discussions about their Risk Preferences, Risk Capacity and Portfolio Risk.

SS&C's Black Diamond® Wealth Platform Now Integrated With Totum Risk To Improve Risk Scoring Metrics

Retrieved on: 
Thursday, October 18, 2018
Economy, Finance, Money, Investment, Financial markets, Financial risk, Actuarial science, Personal finance, Risk, Portfolio

ATLANTA, Oct. 18, 2018 /PRNewswire/ -- Totum Risk, a risk tolerance tool that calculates risk based on an investor's current life situation, not just preference for risk, today announced their integration with SS&C's Black Diamond Wealth Platform.

Key Points: 
  • ATLANTA, Oct. 18, 2018 /PRNewswire/ -- Totum Risk, a risk tolerance tool that calculates risk based on an investor's current life situation, not just preference for risk, today announced their integration with SS&C's Black Diamond Wealth Platform.
  • Black Diamond advisors using Totum Risk benefit from a more robust, multi-dimensional risk assessment of their clients' investment goals and objectives.
  • Totum Risk leverages machine learning and PhD-backed algorithms to ensure more accuracy in the scoring of their clients' holdings and portfolios.
  • The Black Diamond Platform is an award-winning portfolio management system and client reporting solution for financial advisors and wealth managers.

Totum Risk Taps FinMason to Expand Portfolio Analytics Suite

Retrieved on: 
Tuesday, September 25, 2018
Economy, Finance, Money, Actuarial science, Financial risk, Risk, Analytics

FinMason will deliver robust portfolio analytics via their FinRiver API to power intuitive graphs and charts within Totum Risk's on-demand reports.

Key Points: 
  • FinMason will deliver robust portfolio analytics via their FinRiver API to power intuitive graphs and charts within Totum Risk's on-demand reports.
  • "Expanding the breadth of analytics available within the Totum Risk platform has been one of the top client-requested enhancements," said Larry Shumbres, CEO of Totum Risk.
  • Where many risk tolerance tools are single-faceted, Totum Risk scores each client on two distinct components: (1) Risk Capacity, or how much risk they can afford to take, and (2) Risk Preference, or how much risk they want to take.
  • Totum is the only financial technology platform that utilizes robust, proprietary risk scoring algorithms to calculate two unique risk scores - Risk Capacity and Risk Preference - and compare them to the risk score of the investor's current portfolio.