Investors Chronicle published an article, "Alpha Portfolios: Appreciating Real Tactical Risk" by James Norrington on April 13, 2018.
The article highlighted Covisum's SmartRisk software. With the advances in technology in the financial industry, advisors need to prove their value to clients. SmartRisk allows advisors to use "fat-tail" modeling to make risk-adjusted decisions with their clients.
"The most important statistic is the SmartRisk number; we want to assess how much risk we are taking in pursuing our active portfolio choices."
The article outlines how SmartRisk gives a far more accurate picture of the the the potential monthly losses a client may face than the more commonly used Gaussian model.
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