Client: Global Planner of Wealth Management

Industry: Finance / Wealth Advisor

Goal: Build a platform that helps financial advisors to create the best matching portfolio for their clients by providing a risk tolerance questionnaire and calculating individual Risk Score based on user data.

Tech: Xignite, Stripe, Changebee

 

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THE CHALLENGE

The goal was to create a scalable SaaS platform which can process user information and big volumes of historical stock market data. After collecting data from the user and from the stock markets, the system had to calculate the risk score, and have the ability to manually create a portfolio.

THE SOLUTION

The service works with 2 data sources that collect different types of data:
 

• The first includes all the information about the user: one’s age, experience, work experience and history, monthly income, property and other. This data needs to be collected in order to calculate how much risk a person can take based on the current life situation. On the client side, we implemented the opportunity to manually expose the profit/risk ratio in a user investment strategy.

• The second data source contains information on stocks, the bonds market and its history, collected over more than twenty years. This allows us to analyze the prospects of stocks and funds based on their trends over a long period and calculate the current portfolio risk score. This score is compared to the risk score based on the questionnaire and helps the financial advisor to build a better investment strategy for the client. For the users’ convenience, all data is visualized using interactive charts and diagrams.

THE RESULTS

We built a platform for financial advisors that allows them to create the best portfolio for their clients by providing a risk tolerance questionnaire and calculating individual risk score based on user data. We are also developing the automation for adding new funds market information to the database, which is issued globally every day.

 

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