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
- Portfolio Comparison
- Allows advisors to compare multiple portfolios side-by-side to visually communicate risk-return trade-offs.
- Single Name Concentration Alerts
- Notifies advisors when a client's portfolio is overexposed to a single stock or investment.
- Household Views of Accounts
- Provides a single, consolidated overview of all client accounts for holistic risk assessment.
- Printable PDF Report
- Generates a professional, easy-to-read document summarizing the risk analysis for clients to review.
- Marketing Materials
- Grants access to professionally created content, including emails, videos, and presentation decks, for advisor use.
- Deep Integration with other Covisum Software
- Facilitates a seamless workflow by allowing easy movement between various tools in the new advisor portal.
Additional features
- Quick & Easy Data Entry
- Simplifies the process of inputting necessary client and portfolio information into the platform.
- Portfolio Comparison
- Offers the ability to compare and contrast the risk profiles of different investment portfolios.
- Single Name Concentration Alerts
- A feature that highlights when a client’s investment risk is too concentrated in one security.
- Household Views of Accounts
- Presents a unified display of all a client's financial accounts for a complete picture of their holdings.
- Printable PDF Report
- Enables the generation of a clean, professional, and distributable hard-copy report of the risk analysis.
- Deep Integration with other Covisum Software
- Ensures a connected, efficient experience when utilizing other financial planning tools from Covisum.
- Marketing Materials
- Provides advisors with professionally designed resources, such as graphics and scripts, to aid in client communication.
- Access to Expert Support & Customer Success
- Offers unlimited, free access to a live support team to maximize the subscription's value.
- SmartRisk™ Pros and Cons Analysis
Pricing
Monthly plans
Essentials Add-On
USD 130
Covisum Suite
USD 300
Countries & Languages
Interface languages
Billing currencies
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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
Essentials Add-On
USD 130
Covisum Suite
USD 300
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
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