About SmartRisk
SmartRisk is a risk analysis software from Covisum that sets proper downside expectations for the clients. It combines portfolio risk analysis, social security improvement, tax planning, and retirement income planning so users can effectively manage and communicate market risks. By utilizing high-velocity, risk-based margin lending algorithms, SmartRisk helps financial professionals calculate portfolio risk in real time, ensuring clients are better informed about potential market fluctuations. This tool is designed for advisors who need to provide clear insights into risks associated with investment portfolios. Key capabilities: portfolio risk analysis social security improvement tax planning retirement income planning high-velocity algorithms Best for: financial advisors that need to manage client risk expectations.
SmartRisk by Covisum is a comprehensive financial risk-management software designed to help financial advisors and wealth managers better understand and communicate portfolio risk. Its main purpose is to provide a realistic view of downside exposure by using heavy-tailed distributions rather than traditional normal-distribution models. This approach makes the platform especially useful for identifying extreme risk and helping advisors align client portfolios with true risk tolerance. The user interface is clean, modern, and intentionally built for advisors. Smart dashboards present risk metrics, charts, and portfolio comparisons in a visually intuitive way. Users can easily toggle between client accounts, model portfolios, and household views, making navigation smooth and efficient. The reports generated are visually appealing and suitable for direct client presentation. SmartRisk’s functionality is one of its strongest aspects. It incorporates a 99.5% Expected Tail Loss metric to provide a clearer picture of potential extreme losses. Advisors can import or manually enter client holdings, run drawdown analyses, compare portfolios, analyze diversification through an asset interaction index, and produce customized, branded reports.
Pros & Cons
- Helps advisors and clients align on realistic downside market risk.
- Encourages clients to adjust portfolios, preventing potential costly investment errors.
- Offers professionally created emails, videos, and presentations for advisor branding.
- Identifies single name concentration, reducing overexposure risk for clients.
- Seamlessly connects with other Covisum tools for a streamlined planning process.
- Deep integration may limit compatibility with non-Covisum software tools.
- The analysis primarily emphasizes risk, potentially overshadowing growth potential.
- The provided text does not detail the exact method of downside risk measurement.
- Pricing FAQs inquire about monthly/annual but only monthly pricing is listed.
Features
Key features
Allows advisors to compare multiple portfolios side-by-side to visually communicate risk-return trade-offs.
Notifies advisors when a client's portfolio is overexposed to a single stock or investment.
Provides a single, consolidated overview of all client accounts for holistic risk assessment.
Generates a professional, easy-to-read document summarizing the risk analysis for clients to review.
Grants access to professionally created content, including emails, videos, and presentation decks, for advisor use.
Facilitates a seamless workflow by allowing easy movement between various tools in the new advisor portal.
Additional features
Simplifies the process of inputting necessary client and portfolio information into the platform.
Offers the ability to compare and contrast the risk profiles of different investment portfolios.
A feature that highlights when a client’s investment risk is too concentrated in one security.
Presents a unified display of all a client's financial accounts for a complete picture of their holdings.
Enables the generation of a clean, professional, and distributable hard-copy report of the risk analysis.
Ensures a connected, efficient experience when utilizing other financial planning tools from Covisum.
Provides advisors with professionally designed resources, such as graphics and scripts, to aid in client communication.
Offers unlimited, free access to a live support team to maximize the subscription's value.
Pricing
Monthly plans
Countries & Languages
Interface languages
Billing currencies
No reviews yet
Be the first to drop a review
Alternatives to SmartRisk
Pocket Risk
Pocket Risk is an online investment risk tolerance assessment questionnaire for financial advisors. It helps…
CreditAis
CreditAis is a financial analysis software from Creditais that supports credit risk assessment. It combines…
Deltek Project Portfolio Management
Deltek Project & Portfolio Management (PPM) is a suite of solutions designed to help organizations…
CORE3 Platform
A risk intelligence platform for Web3 that provides a standardized Probability of Loss (PoL) metric.…
Spot something wrong or outdated?
Suggest a correction — a reviewer verifies every change.
About SmartRisk
SmartRisk is a risk analysis software from Covisum that sets proper downside expectations for the clients. It combines portfolio risk analysis, social security improvement, tax planning, and retirement income planning so users can effectively manage and communicate market risks. By utilizing high-velocity, risk-based margin lending algorithms, SmartRisk helps financial professionals calculate portfolio risk in real time, ensuring clients are better informed about potential market fluctuations. This tool is designed for advisors who need to provide clear insights into risks associated with investment portfolios. Key capabilities: portfolio risk analysis social security improvement tax planning retirement income planning high-velocity algorithms Best for: financial advisors that need to manage client risk expectations.
SmartRisk Details
SmartRisk's In-App Market Place
Does SmartRisk have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Plans
Monthly plans
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), AUD (A$), CAD (CA$), JPY (¥), CHF (CHF), HKD (HK$), SGD (S$), NZD (NZ$), CNY (¥), INR (₹), ZAR (R), BRL (R$)
Pros & Cons
- Helps advisors and clients align on realistic downside market risk.
- Encourages clients to adjust portfolios, preventing potential costly investment errors.
- Offers professionally created emails, videos, and presentations for advisor branding.
- Identifies single name concentration, reducing overexposure risk for clients.
- Seamlessly connects with other Covisum tools for a streamlined planning process.
- Deep integration may limit compatibility with non-Covisum software tools.
- The analysis primarily emphasizes risk, potentially overshadowing growth potential.
- The provided text does not detail the exact method of downside risk measurement.
- Pricing FAQs inquire about monthly/annual but only monthly pricing is listed.
SmartRisk's Support Options
Email Address
help@covisum.comContact
402-235-4500SmartRisk's Alternatives
Pocket Risk
Pocket Risk is an online investment risk tolerance assessment questionnaire for financial advisors. It helps…
CreditAis
CreditAis is a financial analysis software from Creditais that supports credit risk assessment. It combines…
Deltek Project Portfolio Management
Deltek Project & Portfolio Management (PPM) is a suite of solutions designed to help organizations…
CORE3 Platform
A risk intelligence platform for Web3 that provides a standardized Probability of Loss (PoL) metric.…
