Fintegrate and EV extend risk profiling partnership

Adviser technology firm Fintegrate and wealthtech provider EV have extended their partnership that integrates EV’s risk profiling technology into the Fintegrate platform.

Under the terms of the renewed agreement, Fintegrate will continue to embed EV’s risk suitability and calculation capabilities within its technology to help advisers connect a client’s agreed risk profile with portfolio research, model portfolio service (MPS) selection, and ongoing suitability reviews.

The firms noted that reconciling clients’ risk profiles with their recommended portfolios and showing the alignment remains suitable at every review was one of the most repeated and scrutinised steps in the advice process.

The integration of EV’s risk profiling technology, which began five years ago, aims to make that link easier to establish, maintain, and evidence.

Clients’ completed EV risk profiles are carried directly into Fintegrate’s portfolio research, which informs MPS selection and centralised investment proposition (CIP) alignment, with advisers able to see whether a proposed portfolio reflects clients’ agreed risk profiles.

Firms are able to align risk mapping with their own CIP methodology, while the integration also draws on EV’s stochastic asset model, providing a view of how time horizons affect clients’ portfolios and investment recommendations.

The EV Attitude to Risk Questionnaire (ATRQ) and Capacity for Loss (CFL) questionnaire can also be sent directly from Fintegrate.

"Extending our agreement with EV was important to us because this is much more than an integration between two pieces of technology,” commented Fintegrate director, David Broom.

“Over the last five years, we've built a partnership around making an important part of the advice process simpler, better connected and easier to evidence.

"Risk profiling sits at the heart of suitability, so advisers shouldn't have to reconstruct the link between what a client has agreed and what they're recommending every time they carry out a review. That connection should simply be there.”

EV CEO, Chet Velani, added: "Risk profiling only earns its keep if it holds up to scrutiny, both at the point of advice and years later at review.

“That means moving beyond a standalone volatility score and helping clients understand what different investment outcomes could mean for their financial goals.

“Connecting EV's risk profiling directly into Fintegrate's portfolio research gives advisers precision calculations they can stand behind.

“It maintains a clear audit trail and helps ensure clients don’t end up in portfolios that fail to reflect the risk position they understood and agreed to.”

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