Advisor know-how supplier Nitrogen—previously Riskalyze—launched a raft of platform and gear updates at its annual Fearless Investing Summit, held this week in Nashville.
“We need to be your belief platform,” mentioned CEO Dan Zitting, who took over for Nitrogen founder Aaron Klein final November.
Chief Product Officer Justin Boatman launched a number of enhancements, together with increasing oversight and controls throughout the Nitrogen Command Heart in 2024 to incorporate new instruments equivalent to Advisor Filters, Subdomains and Securities Builder, which give enterprise corporations higher entry and customization choices.
Boatman additionally mentioned a brand new framework permitting corporations to “unbundle the large bundle.” Now, advisory outlets that use the platform, which vary in measurement from solo practitioners to multi-billion AUM corporations with tons of of advisors, should buy particular person elements or full bundles of your complete suite (the Elite bundle), in response to Nitrogen. Pricing was not mentioned.
He mentioned enterprises can now construct their best-of-breed tech stack, entry the merchandise they want and pricing by the amount of accounts of their information feed, and have limitless advisors and assistants entry the system, too.
Boatman additionally launched the Inventory Intersection instrument, which permits advisors to interrupt down fairness exposures inside funds and portfolios.
“The No. 1advisor-requested function right here at Nitrogen has been the power for example underlying fairness publicity to inform a extra full story a couple of portfolio,” he mentioned, illustrating the function with the hypothetical consumer Andrew, who is available in asking about Nvidia and says, ‘I feel now’s the precise time to purchase it.’
“We simply present him it’s already 9% of his equities clicking on Inventory Intersection,” Boatman mentioned.
These illustrations, together with the power to showcase deep comparisons of as much as 5 portfolios and investments side-by-side referred to as Stats Multiview, have been a number of the new options demonstrated.
Others launched throughout the Analysis Heart included improved instruments for analyzing trailing returns in Discovery, Nitrogen’s fund screener, and the power to ‘favourite’ securities for extra environment friendly proposal creation.
Inventory Intersection and the opposite options can be found instantly, whereas Stats Multiview will probably be accessible someday in November.
The corporate’s single most well-known set of instruments—the Threat Heart, can be getting updates, mentioned Nick Harding, Nitrogen’s head of buyer success. He launched AI Assertion Seize, a brand new instrument in beta that’s accessible to present Nitrogen clients, which streamlines the conversion of consumer statements into actionable portfolios.
Stephanie Walker, managing director of Advisor Options, mentioned updates to the Planning Heart and launched Revenue Supply, a retirement earnings planning function that provides full visibility into decumulation methods for shoppers and experiences on their earnings sources.
“It permits shoppers to view the place their retirement earnings goes to return from,” Walker mentioned, who illustrated how simply advisors can show to shoppers the dynamics of how that earnings will change over time.
