What Andes Wealth Technologies does

Andes Wealth Technologies, doing business as Andes Risk, is a B2B SaaS wealthtech company founded in 2017 and headquartered in Boston, Massachusetts (with operations referenced in Lexington, MA). The company serves independent financial advisors and RIAs with a unified behavioral finance and risk analytics platform that combines a multi-dimensional Risk Tolerance Assessment, proposal generation with efficient-frontier visualization, an automated Investment Policy Statement (IPS) generator, and a modular Behavioral Finance module that classifies investors (passive, trend follower, contrarian), measures loss aversion, and rolls up multiple behavioral factors into a single 0–10 Behavioral Risk Index for prioritizing client outreach during market volatility. The platform is cloud-based, hosted on AWS, and SOC 2 Type II compliant, with patented methodology (US Patent 11403708 granted June 2022 covering the Risk Tolerance Test, and a second patent granted November 2022 covering Investor Profiling and Behavioral Risk Management) and additional coverage including a cognitive ability test for aging baby boomer clients. Andes operates a quote-based, sales-led subscription model with pricing not publicly disclosed, distributed through direct sales to advisors and embedded integrations with major wealthtech platforms including Orion Advisor Solutions, Advyzon, Redtail CRM, Black Diamond, Wealthbox, Charles Schwab, Fidelity, and Pershing. A secondary Investment Distribution Solution targets investment managers and model managers, allowing them to embed their models into Andes workflows for distribution to the advisor base. The company is privately held, appears bootstrapped or minimally funded, and has an 11-50 employee headcount.

Name

Andes Wealth Technologies

Legal name

Andes Wealth Technologies

Website

https://andesrisk.io

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Andes Wealth Technologies (DBA Andes Risk) is a B2B SaaS wealthtech company that provides financial advisors and RIAs with a patented behavioral finance and risk analytics platform covering risk tolerance assessment, efficient-frontier portfolio analysis, automated Investment Policy Statements, and a Behavioral Risk Index.

Ownership category

akta.pro rank

Product category

Wealth Management Software

NAICS

Portfolio Management and Investment Advice (523940)

akta.pro primary industry

Digital Wealth Platforms for Advisors (TAMP/Advisor Tech) (FSAGAEAH)

akta.pro secondary industry

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

Keywords

• Wealth management software
• Risk tolerance assessment
• Behavioral finance tools
• Investment policy statements
• Financial advisor analytics

Headquarters

HQ city

Lexington

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. SaaS Platform Subscription: Andes Wealth Technologies operates as a B2B SaaS company, providing its behavioral finance and risk analytics platform to financial advisors and RIAs on a subscription basis. Advisors access the platform via login credentials, with the platform integrated into their existing workflows through partnerships with Advyzon, Orion, Redtail CRM, and other wealthtech platforms.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Andes Wealth Technologies sells the Andes Wealth Platform, a B2B SaaS solution that combines proprietary risk tolerance assessment, behavioral finance profiling, portfolio analysis with efficient frontier visualization, and automated Investment Policy Statement generation into a unified client onboarding and communication workflow. The platform is sold to financial advisors, RIAs, and investment managers on a subscription basis, with deep integrations into leading wealthtech platforms such as Advyzon, Orion, and Redtail CRM.

Product overview

Andes Wealth Technologies offers the Andes Wealth Platform, a unified behavioral finance and risk analytics solution for financial advisors. The platform consists of multiple integrated modules: Risk Tolerance Assessment (RTQ) for multi-dimensional risk profiling, Proposal Generation & Portfolio Analysis with efficient frontier visualization, Investment Policy Statement (IPS) Generator for automated document creation, Behavioral Finance Module for investor type identification and Behavioral Risk Index calculation, Model Management for portfolio oversight, Lead Generation & Conversion tools, and an Investment Distribution Solution for investment managers. The platform is distinguished by two US patents covering risk tolerance testing and investor profiling with behavioral risk management, and is inspired by Dr. Andrew Lo's Adaptive Markets Theory from MIT.

Differentiator

Problem solved

Functional benefit

Brands

• Andes Wealth Platform: Comprehensive client onboarding and communication platform offering behavioral finance, risk tolerance assessment, deep analytics, and Investment Policy Statement generation.
• Behavioral Risk Index
• RTQ Assessment

Products and services

• Andes Wealth Platform Integrated B2B SaaS platform that combines risk tolerance assessment, behavioral finance profiling, portfolio analysis with efficient frontier visualization, automated Investment Policy Statement generation, and lead generation into a unified client onboarding and communication workflow for financial advisors and RIAs.
• Investment Distribution Solution A separate offering within the Andes platform that allows fund managers, model managers, and model marketplaces to embed their investment models directly in the Andes risk tolerance assessment and proposal workflow, enabling distribution to the platform's network of financial advisors.

Quantifiable outcome

• Advisors using Andes Risk report closing a higher percentage of prospects due to the defensible, visual portfolio decision-making process.
• +3 more outcomes

Named customers9 records

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability5 records

Feature7 records

Partnerships

Three partnerships are on record, tiered core.

• AdvyzoncoreTechnology or Integration · 1 June 2023Andes Wealth announced integration with Advyzon, a leading all-in-one cloud-based financial advisor technology platform, in June 2023. Advyzon clients can seamlessly synchronize data from Advyzon to the Andes Wealth platform to improve workflows, operations, and the end-client experience. The integration allows advisors to layer behavioral finance throughout the client journey.
• Redtail CRM (Orion Advisor Solutions)coreTechnology or Integration · 1 May 2023Andes Wealth Technologies announced integration with Redtail Technology (acquired by Orion Advisor Solutions in June 2022) in April 2023. Advisors can sync client and prospect data from Redtail CRM to the Andes Wealth platform, including households, investors, accounts, and positions, streamlining investor risk tolerance assessment, portfolio analysis, proposal, and Investment Policy Statement generation. A real-time API integration is on the roadmap.
• Orion Advisor SolutionscoreTechnology or Integration · 1 February 2022Andes Risk announced integration with Orion Advisor Solutions in February 2022. The integration synchronizes all existing Orion household and account data directly into the Andes Wealth Platform, making it easier for advisors to move clients from risk tolerance assessment to Investment Policy Statement while layering behavioral finance concepts. Orion is the premier provider of a tech-enabled fiduciary framework.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Orion Advisor Solutions: Orion is a broad wealthtech platform and core integration partner of Andes, providing portfolio accounting, risk, and reporting for RIAs. It bundles risk analytics that can substitute for Andes in a single-vendor scenario, but also serves as the largest distribution channel for Andes' risk module.
• Envestnet: Envestnet is a large incumbent wealth management platform offering risk profiling, portfolio analytics, and IPS generation at enterprise scale. It competes on the same advisor workflows as Andes but serves a broader market with bundled capabilities.
• Advyzon: Advyzon is an all-in-one wealthtech platform for advisors and a core integration partner that co-markets Andes inside its CRM/portfolio workflow. It competes as a one-stop shop but embeds Andes for differentiated risk and behavioral finance capabilities.
• Addepar: Addepar is a wealth management technology platform for large RIAs and family offices providing portfolio analytics and reporting. While focused on the upper end of the market, it overlaps with Andes' risk and portfolio visualization capabilities and represents a long-term consolidation threat.
• Morningstar Advisor Workstation: Morningstar provides portfolio analytics, risk, and research tools used by RIAs that overlap with Andes' proposal generation and risk mapping capabilities, with materially larger scale and distribution.

Direct peers

• eMoney Advisor: eMoney Advisor is a comprehensive financial planning platform that integrates risk tolerance, proposal generation, and client onboarding, overlapping with several Andes modules including the Investment Policy Statement and behavioral client profiling workflows.
• RightCapital: RightCapital is a financial planning platform targeted at mid-market RIAs, with risk tolerance assessment and client onboarding features that overlap Andes' core RTQ and proposal/IPS modules.
• Nitrogen (formerly Riskalyze): Nitrogen is the most direct competitor in risk tolerance assessment for advisors and was the incumbent Andes explicitly displaced in J. Murphy's three-month evaluation. Both platforms map risk tolerance to model portfolios and are purchased by RIAs for prospect conversion and ongoing risk monitoring.
• MoneyGuidePro: MoneyGuidePro is a leading financial planning platform widely used by RIAs that includes risk profiling as part of its goal-based planning workflow. It competes with Andes on the risk tolerance and client onboarding layer of the advisor tech stack.

Emerging players

• Kwanti: Kwanti is a portfolio analytics and proposal generation tool for RIAs, focused on Monte Carlo simulation and risk analysis. It has meaningful overlap with Andes' Proposal Generation & Portfolio Analysis module for advisors focused on quantitative prospect conversion.

Market position

Strengths5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/in/helenyangcfa

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Andes Wealth Technologies