OMAHA, Neb., Feb. 21, 2017 /PRNewswire/ -- Two companies are joining forces to offer financial advisors powerful risk analytics with retirement planning solutions. PrairieSmarts' advanced risk management platform for financial services professionals has been acquired by Covisum, a retirement income planning technology and training solution. All products will continue to be available for purchase for advisor offices or as an enterprise-wide solution. Beginning later this year, advisors will be able to utilize the products on a singular web-based platform by Covisum. Current PrairieSmarts users will continue to have access to the platform's integrations with Orion Advisors and Redtail Technology.
"It was very clear from our first conversation with the team at PrairieSmarts that we shared a vision to help advisors grow and enhance their practices," said Joe Elsasser, CFP®, president of Covisum. "Both firms realize that having solid analytics matters. PrairieSmarts is estimating risk with academic rigor in a way that adds real perspective to a client's portfolio. Couple that with essential Social Security and tax software, and the recommendations an advisor is able to deliver can translate into significantly greater value to the advisor's client."
In 2016, Covisum rebranded from Social Security Timing® to better reflect its broader software and service offerings. PrairieSmarts' SmartRisk will join Social Security Timing and Tax Clarity™ as Covisum core product offerings. The PrairieSmarts brand will continue to operate through much of 2017, after which their solutions will continue to be available on the Covisum platform.
"We are thrilled to join a team that shares our passion and is built on high quality analytics," said Mike Chochon, co-founder of PrairieSmarts. "Covisum is an established fintech solution provider and has great relationships in the insurance industry. Their existing infrastructure and brand accelerates the adoption of SmartRisk."
The combined team expects to be able to deliver winning solutions for common client challenges through the application of advanced analytics, artificial intelligence and machine-learning techniques delivered in an intuitive and actionable way. If you are interested in a demonstration of SmartRisk, Social Security Timing or Tax Clarity, advisors or enterprises can email email@example.com.
Covisum provides financial advisors with software, training and support to deliver retirement income plans that improve the lives of clients by facilitating better retirement decisions. As the name represents — "co" means joint or shared, and "visum" means vision — Covisum helps advisors and their clients create a shared vision of the future. For more information, visit www.covisum.com.
Founded by financial services industry veterans who share a vision and passion for risk. PrairieSmarts helps investors and financial firms find success by providing the most intuitive, advanced and bias-free risk management platform in the world. Founded in 2013, PrairieSmarts provides advanced and digestible insights into financial risk using some of the world's best risk algorithms. For more information, go to www.prairiesmarts.com.
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