Advisor know-how supplier Nitrogen—previously Riskalyze—launched a raft of platform and power updates at its annual Fearless Investing Summit, held this week in Nashville.
“We need to be your belief platform,” stated 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 inside the Nitrogen Command Middle in 2024 to incorporate new instruments resembling Advisor Filters, Subdomains and Securities Builder, which give enterprise companies higher entry and customization choices.
Boatman additionally mentioned a brand new framework permitting companies to “unbundle the massive bundle.” Now, advisory outlets that use the platform, which vary in measurement from solo practitioners to multi-billion AUM companies with a whole lot of advisors, should purchase particular person elements or full bundles of the complete suite (the Elite bundle), in line with Nitrogen. Pricing was not mentioned.
He stated enterprises can now construct their best-of-breed tech stack, entry the merchandise they want and pricing by the quantity 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 characteristic right here at Nitrogen has been the power as an example underlying fairness publicity to inform a extra full story a few portfolio,” he stated, illustrating the characteristic with the hypothetical shopper Andrew, who is available in asking about Nvidia and says, ‘I feel now could be the correct time to purchase it.’
“We simply present him it’s already 9% of his equities clicking on Inventory Intersection,” Boatman stated.
These illustrations, together with the power to showcase deep comparisons of as much as 5 portfolios and investments side-by-side known as Stats Multiview, had been among the new options demonstrated.
Others launched inside the Analysis Middle 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 obtainable someday in November.
The corporate’s single most well-known set of instruments—the Threat Middle, can also be getting updates, stated Nick Harding, Nitrogen’s head of buyer success. He launched AI Assertion Seize, a brand new instrument in beta that’s obtainable to present Nitrogen clients, which streamlines the conversion of shopper statements into actionable portfolios.
Stephanie Walker, managing director of Advisor Options, mentioned updates to the Planning Middle and launched Revenue Supply, a retirement revenue planning characteristic that gives full visibility into decumulation methods for purchasers and studies on their revenue sources.
“It permits purchasers to view the place their retirement revenue goes to return from,” Walker stated, who illustrated how simply advisors can display to purchasers the dynamics of how that revenue will change over time.
