VRGL, a Client Acquisition and Investment Proposal Management solution, today announced the launch of its new Risk Tolerance capabilities integrated within the existing VRGL workflow. VRGL’s Risk Tolerance capabilities allow advisors to leverage a turnkey, industry-researched Risk Tolerance Questionnaire, or to craft fully bespoke risk assessments aligned with advisor and organizational requirements.
With this addition, wealth management organizations leveraging VRGL can quickly assess prospective and current client risk appetite – helping align risk tolerance to the overall investment strategies and allocations that will be leveraged to help achieve the financial goals of clients and prospects.
Key features of the VRGL Risk Tolerance workflow include:
- Turnkey Risk Tolerance Questionnaire: Advisors can leverage 15 industry researched risk tolerance questions measuring risk appetite and time horizon. In minutes, advisors can efficiently assess each prospect’s or client’s risk tolerance, enhancing and personalizing portfolio evaluation of both the current and proposed portfolio.
- Custom Risk Tolerance Questionnaire: With VRGL’s customizable Risk Tolerance Questionnaire capabilities, advisors can tailor questionnaires more in line with their organization’s own risk frameworks. This empowers advisors to personalize the assessment process further to differentiate the firm’s approach to risk and investment allocation.
- Bespoke Risk Levels: VRGL’s “Risk Levels” feature allows wealth management organizations to tailor custom risk categorizations to their firm’s unique perspectives. With editable categories, the organization can define parameters for assessing Risk Tolerance, ensuring compliance, and further personalizing the risk assessment process.
- Benchmark Portfolio Assignment: Advisors can assign benchmark portfolios and investment strategies to different Risk Levels and utilize VRGL’s Risk analytics to identify strengths and weaknesses of the current portfolio and propose a more appropriate portfolio strategy.
“Our new risk tolerance capabilities solidify the evolution of our platform into a true end-to-end client acquisition solution,” said Josh Smith, CEO and co-founder of VRGL. “These capabilities equip advisors with a turnkey or customizable approach to risk tolerance measurement, ensuring every wealth management organization and advisor has the ability to craft a risk assessment process as unique as how they serve their clients.”
To kick-off the release of Risk Tolerance, VRGL is hosting an upcoming webinar on May 30, 2024. RSVP here to learn more.
About VRGL
Founded by pioneers of the institutional wealth management software industry, VRGL provides a suite of tools designed to empower wealth management firms to streamline the investment proposal and client acquisition process. Capabilities include risk tolerance, statement aggregation (including PDF statement extraction of all data), institutional-grade analytics, and proposal management capabilities.
By giving clients a holistic view of their consolidated investment portfolio and illustrating a potential transition, VRGL enables advisors to quickly demonstrate their value proposition while ensuring compliance with risk tolerance and investment policies. Through the seamless aggregation of all client investment data, a no-touch analytics package, and automated proposal generation, advisors can contextualize their investment offerings and advice, fostering a more personalized and impactful client experience. This allows advisors to accelerate client acquisitions and enhance the retention of existing AUM.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240521693416/en/