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Totum Risk, also know as Totum by TIFIN, is a financial technology company that provides a risk profiling platform for financial advisors in the United States. Totum helps advisors with compliance, prospecting, and client retention by calculating and comparing 3 risk scores- risk capacity, risk preference, and portfolio risk, all with a short, user-friendly questionnaire.
History
editTotum was co-founded by Larry Shumbres in September 2015.
In March of 2021, fintech holding company TIFIN publicly announced[1] the acquisition of Totum Risk. TIFIN Chairman and CEO Vinay Nair, now serves as Chairman of Totum.
Awards and Recognition
editTotum was picked as a finalist for the 2019 Wealthmanagement.com's industry awards for "Risk Tolerance/Client Profiling"
References
edit- ^ "TIFIN Group Buys Totum Risk, Financial Planning Tech To Launch New Platforms". www.fa-mag.com. Retrieved 2021-08-04.