Envestnet will integrate HiddenLevers’ application into its wealth management platform. The integration will allow advisors to stress-test client portfolios directly from the platform “to develop deeper insights into these portfolios which, in turn, will better equip them to acquire new assets and manage client assets better,” the Chicago-based technology company said in a release.
“HiddenLevers has developed a unique macro-economic scenario-based portfolio testing methodology that delivers portfolio insight that is easy to use and explain to clients,” said Bill Crager, Envestnet’s president. The integrated solution will be available from Envestnet in June 2013.
HiddenLevers is a New York-based financial technology company that builds risk management and macro-economic analysis tools. The core technology maps the correlations between 130 macro-economic indicators, industries and securities.
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