Riskalyze Selects Rowboat Advisors for “Intelligent Tax Optimization” Technology Development

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Innovative investment management software firm will provide the core functionality for Riskalyze’s Autopilot Trading Platform’s tax efficiency capabilities.

As the industry continues to evolve and improve its focus on investment outcomes for individual investors, our specialized investing software will become more and more important to helping advisors better customize and tailor solutions for their clients, particularly for tax efficiencies.

Rowboat Advisors, an innovative technology development company specializing in investing software, announced today that Riskalyze, the industry’s leading risk alignment technology firm, has selected Rowboat Advisors’ tax-efficient and direct indexing technology to support the rollout of Riskalyze’s “Intelligent Tax Optimization” capability in its award-winning Autopilot Trading platform.

Intelligent Tax Optimization is available with Riskalyze’s Autopilot Trading platform and will make it even easier for advisors acting as a fiduciary to keep client accounts on track. Instead of the rigid rules-based framework that traditional rebalancers use, Rowboat Advisors’ proprietary trading optimization engine provides advisors with a detailed analysis of tax liabilities in a trade list and allows them to intelligently optimize trades for the right combination of target accuracy and minimized tax impact.

“We are very excited and honored to partner with Riskalyze in the development of their tax efficient trading technology,” said Iraklis Kourtidis, co-founder and CEO of Rowboat Advisors. “As the industry continues to evolve and improve its focus on investment outcomes for individual investors, our specialized investing software will become more and more important to helping advisors better customize and tailor solutions for their clients, particularly for tax efficiencies.”

Rowboat Advisors builds highly advanced software to customize and optimize recommended investing strategies for financial professionals. The Rowboat Core Investing Engine automates sophisticated tax-efficient management of individual accounts, including portfolio migration, portfolio rebalancing, and direct indexing, as well as for ESG/SRI portfolio tilts, ETF pairs-based tax loss harvesting and more.

“In order to prepare the industry for the implementation of Reg BI, we’ve made a concerted effort across the platform to develop critical new tools and capabilities to support advisors in acting in clients’ best interests,” said Aaron Klein, CEO of Riskalyze. “Rowboat Advisors has been a fantastic team to work with in developing our Intelligent Tax Optimization capabilities and we’re thrilled to provide a trading experience that can help advisors become their clients’ tax superhero.”

To learn more about Rowboat Advisors sophisticated investment management solutions, log onto http://www.RowboatAdvisors.com.

About Rowboat Advisors

Rowboat Advisors was founded by Iraklis Kourtidis in 2016 to create the most sophisticated software for tax-efficient investing of managed accounts. With a dedicated team of technologists and investment professionals, Rowboat Advisors works with wealth management technology firms, financial institutions, and financial advisors to better tailor and customize investment outcomes. Prior to founding Rowboat Advisors, Kourtidis was the lead engineer who built the first fully automated version of direct indexing with tax loss harvesting for Wealthfront in 2013. To learn more, visit http://www.RowboatAdvisors.com.

About Riskalyze

Riskalyze is the company that invented the Risk Number®, which powers the world's first Risk Alignment Platform and was built on top of a Nobel Prize-winning academic framework. Advisors, broker-dealers, RIAs and asset managers use the Riskalyze platform to create alignment between clients and portfolios, leverage sophisticated analytics to increase the quality of their advice, automate trading and client account management, and access world-class models and research in the Riskalyze Partner Store — all with the mission of empowering the world to invest fearlessly. To learn more, visit riskalyze.com.

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Timothy Welsh
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