Today, we were pleased to issue this joint press release with one of our key independent broker-dealer partners, NEXT Financial in Houston.
HOUSTON—Independent broker-dealer NEXT Financial Group Inc. (NEXT), has partnered with Nitrogen to bring the benefits of advanced risk analysis to the firm’s more than 800 financial representatives.
Riskalyze, a technology company specializing in risk calculation analytics for financial advisors, was founded in 2011. The company’s patented Risk Number™ technology allows advisors to quantitatively capture a customer’s risk tolerance, align portfolios with their expectations and scientifically quantify the suitability of investments for customer tolerance.
“Our partnership with Nitrogen is yet another example of how we’re equipping our representatives to be leaders in the industry,” said Barry Knight, president of NEXT. “Everything we do at NEXT empowers our advisors to be more effective at delivering the advice their customers need.”
NEXT is one of the first major independent broker-dealer partners working with Nitrogen to equip their advisor network with this ground-breaking technology. With drag-and-drop portfolio integration between Nitrogen and NEXT’s custodial platform, the firm’s advisors can instantly realign portfolios to fit individual customer needs.
“We’re incredibly excited about the opportunity to work with the team at NEXT Financial,” said Nitrogen CEO, Aaron Klein. “Their vision for the industry, for their advisors, and above all else, for their commitment to client service is refreshing and inspiring.”
Nitrogen is the company that invented the Risk Number™, the first-ever quantitative way to capture client risk tolerance, align portfolios to client expectations, and quantify the suitability of investments. Nitrogen works with RIAs, hybrid advisors, independent broker-dealers, RIA networks, custodians, clearing firms and asset managers to align the world’s investments with investor risk tolerance.
NEXT Financial Group Inc., Member FINRA/SIPC, is a broker-dealer based in Houston, Texas, serving the needs of financial services representatives throughout the country. The company prides itself in helping business owners enjoy success and financial independence. The company was founded in 1999, and is currently led by President Barry Knight. More information about the company can be found online at www.nextfinancial.com. Securities and investment advisory services provided by NEXT Financial Group Inc. Member FINRA/SIPC. NEXT is located at 2500 Wilcrest Drive, Suite 620, Houston, Texas 77042, 1-877-876-6398.