Latest news with #RonPiccinini
Yahoo
an hour ago
- Business
- Yahoo
Amplify Launches Risk Assessment Tool
You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. Amplify Platform, a wealth management tech provider, has launched a proprietary risk analysis tool to help advisors measure risk in client portfolios. The new tool, QuantumRisk is based on the work Dr. Ron Piccinini, director of investment research at Amplify, who has a background in fat tail risk modeling. He was responsible for developing PrairieSmarts' risk management system in 2017, which was subsequently acquired by Covisum, a software company that serves RIAs. 'Over the last decade, advisors became more and more focused on trying to explain portfolio risk to their clients,' Piccinini said. 'As an advisor, your goal is to maximize some kind of return for the risk you're taking.' Piccinini said Amplify had a risk scoring tool previously, but it provided a 'vague indication' of the actual risk of underlying investments. The firm considered using something off-the-shelf, but they didn't think any of the existing tools were sophisticated enough. 'The sad reality is, we think, most of these things out there are toys, at best,' he said. QuantumRisk uses a series of risk scores across a portfolio on a scale of 0 (cash) to 1,000 (penny stocks). The S&P 500 is scored at 100. 'So I know if I have a score of 100, I'm just as risky as the market,' he said. 'If I have a score of 200, I'm twice as risky as the market. If I have a score of 50, I'm half the risk of the market.' It uses real-world probabilities and market stress scenarios, rather than relying on backward-looking models. The tool will start with risk analysis of stocks, bonds, mutual funds and ETFs. Alternatives and options are on the roadmap for future inclusion. 'What we're trying to do is just inform people about the risk of their investment, and we're not cutting any corners on statistical distributions, calculations, those types of things,' he said. 'A lot of toys/tools out there oversimplify things and give people overconfidence.'
Yahoo
a day ago
- Business
- Yahoo
Amplify Reinvents Risk Assessment with Launch of QuantumRisk™
Proprietary risk engine gives advisors a radical upgrade from legacy models using a straightforward metric, helping build trust and protect portfolios from extreme market shocks SCOTTSDALE, Ariz., August 18, 2025--(BUSINESS WIRE)--Amplify Platform ("Amplify"), built on an AI native data lake and created to unify the advisor and client experience from onboarding to investment management, announced today the launch of QuantumRisk™. This proprietary analysis tool fundamentally reinvents how financial advisors measure, communicate, and manage risk. QuantumRisk was designed from the ground up to help advisors and investors better anticipate and navigate extreme market outcomes. Built on the pioneering work of Dr. Ron Piccinini, Director of Investment Research, one of the industry's leading experts in "fat tail risk" modeling, QuantumRisk replaces outdated bell curves and standard deviation assumptions. Advances in high-performance computing and graphics processing units now make this level of precision and complexity possible in real time. This risk analysis engine models real-world probabilities and market stress scenarios to reveal both likelihood and severity beyond routine market fluctuations. The result is a clearer picture of portfolio risk for advisors and a stronger sense of security for clients. For decades, risk analysis tools have forced advisors to rely on backward-looking models that underestimate real-world volatility, leaving client portfolios vulnerable during events like the global financial crisis and the Covid-19 shock. "Legacy risk tools were built for a market that no longer exists," said Dr. Ron Piccinini. "We designed our risk engine to reflect how markets actually behave, not how textbooks say they should. This is about giving advisors a competitive edge by making complex risk dynamics immediately visible and actionable." Available now within the Amplify platform, QuantumRisk assigns portfolios and securities a value on a standardized scale between zero and 1,000, anchored to the historical tail risk of the S&P 500, where higher values reflect higher exposure to volatility and risk. Key features of QuantumRisk include: Proprietary Simulation Engine: Models millions of real-world outcomes in less than a second with no correlation matrix needed, offering advisors a realistic, actionable, and simple-to-understand view of portfolio risk. Greater Risk Transparency: Offers meaningful differentiation across the full spectrum of investments, spanning conservative portfolios to highly leveraged strategies, enabling better portfolio construction, clearer client communication, and more diligent compliance oversight. Visual, Client-Ready Experience: Integrates across the entire advisor workflow, delivering intuitive, graphic outputs that support smarter conversations between advisors and clients. "QuantumRisk is more than simply an upgrade to risk analytics; it's a transformative tool for enhancing client trust," said Vickie Lewin, Chief Growth Officer. "Our platform is engineered to empower advisors to grow their business, and with QuantumRisk, we are taking the next step forward in allowing them to manage client expectations during market swings better. By embedding a modern risk score across the full client journey, we're giving firms the ability to build more resilient portfolios, set clearer expectations and foster more confident relationships." Wealth management firms interested in scheduling a demo or learning more about Amplify's latest QuantumRisk score can visit About Amplify Amplify is the award-winning growth platform built on an AI native data lake for emerging-growth RIAs and breakaway advisors. The platform replaces legacy tech sprawl with a unified data layer and end-to-end automation across onboarding, ACATs, portfolio construction, risk alignment, trading/rebalancing, billing, and reporting, so RIAs and breakaways can launch and scale faster, cut unit costs, free up advisor time, and convert efficiency into superior client outcomes. Amplify is led by a veteran team of C-suite, fintech, and RIA firm leaders with firsthand experience navigating the industry's most pressing challenges. They are headquartered in Scottsdale, Arizona. To learn more, visit Disclosure: The QuantumRisk™ Score is a proprietary metric of Amplify Technology, LLC, and should not be interpreted as a guarantee of future performance or risk outcomes. It is one of many tools that can support risk evaluation and should be used in conjunction with other due diligence measures. This material is intended for use by financial professionals. View source version on Contacts Media Contacts: StreetCred PRamplify@ Rob Farmer415-377-3293rob@ Stoyan Bojinov224-622-6637stoyan@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
a day ago
- Business
- Business Wire
Amplify Reinvents Risk Assessment with Launch of QuantumRisk™
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Amplify Platform ('Amplify'), built on an AI native data lake and created to unify the advisor and client experience from onboarding to investment management, announced today the launch of QuantumRisk™. This proprietary analysis tool fundamentally reinvents how financial advisors measure, communicate, and manage risk. QuantumRisk was designed from the ground up to help advisors and investors better anticipate and navigate extreme market outcomes. Built on the pioneering work of Dr. Ron Piccinini, Director of Investment Research, one of the industry's leading experts in 'fat tail risk' modeling, QuantumRisk replaces outdated bell curves and standard deviation assumptions. Advances in high-performance computing and graphics processing units now make this level of precision and complexity possible in real time. This risk analysis engine models real-world probabilities and market stress scenarios to reveal both likelihood and severity beyond routine market fluctuations. The result is a clearer picture of portfolio risk for advisors and a stronger sense of security for clients. For decades, risk analysis tools have forced advisors to rely on backward-looking models that underestimate real-world volatility, leaving client portfolios vulnerable during events like the global financial crisis and the Covid-19 shock. 'Legacy risk tools were built for a market that no longer exists,' said Dr. Ron Piccinini. 'We designed our risk engine to reflect how markets actually behave, not how textbooks say they should. This is about giving advisors a competitive edge by making complex risk dynamics immediately visible and actionable.' Available now within the Amplify platform, QuantumRisk assigns portfolios and securities a value on a standardized scale between zero and 1,000, anchored to the historical tail risk of the S&P 500, where higher values reflect higher exposure to volatility and risk. Key features of QuantumRisk include: Proprietary Simulation Engine: Models millions of real-world outcomes in less than a second with no correlation matrix needed, offering advisors a realistic, actionable, and simple-to-understand view of portfolio risk. Greater Risk Transparency: Offers meaningful differentiation across the full spectrum of investments, spanning conservative portfolios to highly leveraged strategies, enabling better portfolio construction, clearer client communication, and more diligent compliance oversight. Visual, Client-Ready Experience: Integrates across the entire advisor workflow, delivering intuitive, graphic outputs that support smarter conversations between advisors and clients. 'QuantumRisk is more than simply an upgrade to risk analytics; it's a transformative tool for enhancing client trust,' said Vickie Lewin, Chief Growth Officer. 'Our platform is engineered to empower advisors to grow their business, and with QuantumRisk, we are taking the next step forward in allowing them to manage client expectations during market swings better. By embedding a modern risk score across the full client journey, we're giving firms the ability to build more resilient portfolios, set clearer expectations and foster more confident relationships.' Wealth management firms interested in scheduling a demo or learning more about Amplify's latest QuantumRisk score can visit About Amplify Amplify is the award-winning growth platform built on an AI native data lake for emerging-growth RIAs and breakaway advisors. The platform replaces legacy tech sprawl with a unified data layer and end-to-end automation across onboarding, ACATs, portfolio construction, risk alignment, trading/rebalancing, billing, and reporting, so RIAs and breakaways can launch and scale faster, cut unit costs, free up advisor time, and convert efficiency into superior client outcomes. Amplify is led by a veteran team of C-suite, fintech, and RIA firm leaders with firsthand experience navigating the industry's most pressing challenges. They are headquartered in Scottsdale, Arizona. To learn more, visit Disclosure: The QuantumRisk™ Score is a proprietary metric of Amplify Technology, LLC, and should not be interpreted as a guarantee of future performance or risk outcomes. It is one of many tools that can support risk evaluation and should be used in conjunction with other due diligence measures. This material is intended for use by financial professionals.
Business Wire
03-06-2025
- Business
- Business Wire
Frustrated by Lack of Exchange of Ideas at Classic Conferences, Straxen Launches Mastermind Community
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Straxen, a financial engineering firm that serves advisors, brokers, and investors, is bringing experts from across the money-management ecosystem to exchange big, impactful ideas. Founded by industry veteran Ron Piccinini, PhD, Straxen was created to help financial professionals maximize their returns on at-risk capital. Straxen, a financial engineering firm that serves advisors, brokers, and investors, is bringing experts from across the money-management ecosystem to exchange big, impactful ideas. In February 2025, Straxen hosted a private three-day event in Puerto Rico to form a diverse network of finance, wealth management, technology, and AI experts. The event was designed to bring together a group of industry leaders who could identify key industry issues, educate the general finance public, and collaborate on innovative solutions. Recognizing a pressing need in the industry for open dialogue and education along the entire trading path, from advisory to trading, clearing, and custody, Straxen developed its Summit event specifically for experts in their respective fields. The event served as a safe space to collaborate with open-minded professionals and engage in meaningful conversations, without the fear of offending a big sponsor. The Straxen Summit was created with these tenets, ensuring attendees had a worthwhile experience, seldom attainable at typical industry events. 'Straxen put on the best industry event I have attended. Most finance-related events are filled with fluff and lead to very surface-level connections. In stark contrast, our time was well-spent with a group filled with outstanding people,' said Sam Lawhon, Chief Investment Officer for Larson Financial Group. 'I learned something new and interesting from every person at the event, making exceptional connections with some fantastic people. This group dynamic is compelling, and I am extremely excited about the next Straxen event.' Eighteen founding experts participated in the first Straxen Summit. All attendees presented about a current challenge or area where they saw an urgent need for improvement. This led to lively, worry-free discussions about various issues and their potential solutions. 'The Straxen Summit was created to provide industry leaders with an opportunity to connect on a more personal level to learn, collaborate, and expand their understanding,' said Ron Piccinini, PhD, Founder of Straxen. 'We had an incredibly diverse group of attendees, from tax experts to technologists, which led to valuable discussions about an array of important topics. Attendees took advantage of the small-group atmosphere to share information on a deeper level than is typically seen at conferences. This, combined with the one-on-one conversations, ensured everyone walked away from the event having gained important insights that will help them grow their businesses, and hopefully, for the betterment of the industry.' 'The 2025 Straxen Summit provided a unique opportunity to share ideas amongst practitioners from various disciplines in financial services,' said Michael Smith, Founder and Chief Technology Officer of 8sides. 'The setting was informal, and the emphasis on collaboration spawned follow-up engagements with participants to drive financial services innovation forward.' The Straxen Summit laid the groundwork for a more substantial effort to establish an online community for finance professionals, where they can collaborate, maintain momentum, and attract other like-minded individuals through a combination of online and in-person events. The Straxen Community, 'The Exchange' is launching in 2025 and will bring together industry thought leaders and aspiring thought leaders to create engaging and valuable connections. This dynamic community is currently at its maximum membership. However, prospective members can join the waitlist. Visit to learn more and to add your name to the list. Planning for the 2026 Straxen Summit is underway. Visit the website for more details and learn how to be considered for this event: 'I recognized a huge need for this type of engagement within the financial community,' said Piccinini. 'Our industry lacks the type of format many professionals are hungry for, where they can have frank, in-depth conversations with trusted colleagues while at the same time contributing to industry advancements and developing trends. Our online community will fill this void.' About Straxen Straxen innovates in the fields of quantitative risk algorithms, portfolio hedging, and portfolio optimization protocols. Straxen works with banks, broker-dealers, registered investment advisors (RIAs), portfolio managers, and the software providers who serve them. For more information about Straxen, please visit
