Riskalyze adds fintech veterans to leadership team with eye on aggressive growth

Riskalyze is boosting its leadership with a couple of well-known industry veterans in an effort to grow the technology’s presence among larger wealth management firms.

Lori Hardwick, best known as an Envestnet partner, will become chairman of Riskalyze’s board of directors. She’s currently a member of the board. Drew DiMarino, a former head of sales for eMoney Advisor, will join Riskalyze as its executive vice president of sales next month.

Although Riskalyze began as a digital client risk assessment tool, the company now offers portfolio analytics, automated trading and a model marketplace. It has grown primarily via one-off deals with individual advisers to date, but the new leadership is meant to bring the entire Riskalyze solution to firms supporting dozens, hundreds or even thousands of advisers, said Aaron Klein, Riskalyze CEO.

“We see a bit of an enterprise shift in our business. We’re inundated with the large wealth management enterprises who want to engage with us and help us deliver platform capabilities,” Mr. Klein said. “I think that adding these great industry veterans is just going to be a great acceleration.”

Ms. Hardwick will remain CEO of Wealth Tech at consulting firm Red Rock Strategic Partners, where her client roster includes the kind of firms Riskalyze would like to work with: broker-dealers, turnkey asset management platforms, custodians and asset managers.

Ms. Hardwick is perhaps best known as one of the original partners at Envestnet, serving on the senior leadership team as the company grew rapidly and eventually went public. She then served as chief operating officer of BNY Mellon Pershing

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