Outpacing the Competition: Tolerisk User Satisfaction Skyrockets in 2024 T3/Inside Information Survey

The world of risk tolerance tools is constantly evolving, and we are proud to be recognized as a steady beacon of excellence by many industry leaders including the most recent 2024 T3/Inside Information Software Survey distributed and analyzed by industry veterans Joel Bruckenstein and Bob Veres. With an impressive 8.87 user satisfaction rating, it’s clear that we’re not just keeping up – we’re setting the standard.

This exceptional score isn’t a flash in the pan. It represents a sustained upward trajectory since 2021, highlighting our unwavering commitment to evolving alongside advisor needs. While competitors grapple with stagnation, we’ve consistently climbed from 7.98 to 8.07, then 8.17, and finally to its current peak of 8.87 — a clear testament to our dedication to continual improvement and responsiveness.

Focus on Client & Advisor Experience

Our core focus is streamlining risk assessment for both advisors and clients. In 2023, we embarked on a UI redesign project to enhance the client experience and create a sleek interface.

By simplifying the process and equipping advisors with intuitive yet robust tools, we’re empowering advisors while ensuring clients grasp the underlying principles through clear and elegant data presentation.

Comprehensive Risk Assessment

But what truly sets us apart is our two-dimensional approach to risk assessment. Unlike competitors who solely consider willingness (personality), we incorporate both willingness and financial ability to take investment risk. This provides a more comprehensive and accurate picture of an individual’s risk tolerance.

Our holistic approach empowers advisors to navigate complex financial landscapes with confidence, ultimately enhancing the quality of service they deliver to their clients.  They report increased client confidence in the advisory process, leading to greater retention and more referrals.

Award-Winning Recognition & Future Innovation

We’re also honored to be named one of two distinguished recipients in the prestigious “Software All Stars” category, recognized for exceptional features, functionality, and user experience. This accolade is awarded amidst a competitive field of 12 industry peers.

Looking ahead, we remain committed to continuous improvement and innovation. This includes expanding the network of integration partners, introducing enhanced visualization tools for clear data storytelling, and refining the user experience to further empower advisors. 

Ultimately, our goal is to equip advisors to achieve maximum client and prospect engagement, driving up conversion, retention, and referrals, all while mitigating compliance risk.

Advisors interested in learning more about Tolerisk can register for a one-on-one demo or register for a webinar.