NEW YORK, Feb. 17, 2015 -- Global Financial Private Capital, one of the country's fastest growing RIAs, has chosen HiddenLevers portfolio stress testing platform as the central technology tool for helping advisors grow their practice.
"These last few months have been a success in quickly rolling out HiddenLevers to our top advisors to help them work toward increasing their client rosters," said Michael Dixon, CEO of Global Financial Private Capital LLC.
With the #2 spot in total AUM growth on the 2014 Forbes list of fastest growing RIAs (based on assets under management), Global Financial has been coaching advisors on how to integrate stress testing into their customer acquisition process. By offering sales training on the HiddenLevers risk analytics and reports, Global Financial makes an effort to include the macro context in advisor-prospect conversations.
"2015 has brought renewed market volatility, and investor concerns about macro uncertainty are only rising," said Raj Udeshi, Co-founder of HiddenLevers. "Without dynamic engagement around risk in your advisory practice, you're no better than a robot."
"Envestnet and HiddenLevers helped us with a high velocity enterprise rollout – more than 400 users trained and onboarded in less than 3 months," said Daniel Quattlebaum, CTO of Global Financial. "We've made a significant investment in the people we serve by integrating HiddenLevers into our technology offering."
Stress Testing in Financial Planning
In addition to providing access to HiddenLevers for the stress testing of prospect portfolios, Global Financial is also using HiddenLevers as a financial planning tool.
"HiddenLevers keeps the art of the risk tolerance conversation alive," said Brian Timm, Director of Financial Planning at Global Financial. "We've taken advantage of HiddenLevers scenarios like Oil Crash, Global Deflation and Tech Bubble 2.0."
Downside risk as a topic has often been a disconnect between advisors and clients – just statistics and jargon. HiddenLevers stress testing platform employs imagery and interactive functionality to make sure everyone is engaged.
"HiddenLevers lets you change assumptions on the fly, and provides very humanizing language and visuals," said Dixon. "The idea is to have Global Financial advisors use stress testing to actually build closer relationships with their clients."
"At Envestnet, we are deeply engaged in creating best-in-class capabilities for our clients," said Lori Hardwick, Group President, Advisor Services at Envestnet. "HiddenLevers has provided a substantive value in the risk tech category, and to see Global Financial using it to maintain sales momentum is just fantastic."
HiddenLevers is quickly becoming the premier portfolio stress testing solution for both portfolio managers and financial advisors everywhere. The cloud-based platform includes a library of macro scenario research, portfolio stress testing, portfolio risk profiles, thoughtful client-facing output and an enterprise level risk monitoring. HiddenLevers is based in New York City.
About Global Financial Private Capital
Global Financial Private Capital, LLC is an independently owned, SEC Registered Investment Advisor (RIA) whose goal is to restore investor trust and confidence in the financial system through the creation of client relationships based on fiduciary disclosure, transparency of action and the delivery of comprehensive wealth management products and services.
Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective, and fully-aligned standard of care, and empower advisors to deliver better outcomes.
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