One such robo he’s considering is powered by Riskalyze. This spring the developer of investment-risk-assessment software is planning to launch a new generation of its original Autopilot robo package.
The updated version will expand to work in a “multi-custodial” format and not just with TD Ameritrade’s systems, says Michael McDaniel, Riskalyze’s chief investment officer.
Autopilot is also being created to work with model portfolios by more than just CLS Investments, the program’s current outside manager.
McDaniel says he expects a beefed-up Autopilot to integrate with models run by more than 100 different outsourced managers.