Rethink: The Financial Advisor Podcast Episode 20

Episode 20: The Risk of Advisor Complacency Featuring Aaron Klein


As you know, we challenge the status quo in these episodes. So, to begin, I’ll ask you the same question that I asked Adam: Are you managing your complacency risk? Are you too complacent?

You may be thinking: What is complacency risk?

This is the perfect question for growth.

Complacency aside, today’s fintech solutions are improving financial professional productivity by rethinking how they integrate the technology available.  And yet, advisors are telling us that they’re using legacy tools that are 5, 10 and 20 years old.  Consider how this complacency is going to snowball as we move into digital-first consumer expectations.

You can find out more in this episode, as Adam and I welcome Aaron Klein into the Rethink tank. Aaron Klein is the CEO and co-founder of Riskalyze, a company that invented the Risk Number®. Aaron has incredible experience solving problems before they are broken. We hear from Aaron on his perspective of the commitment to human advisors and their adoption of tech that really works in their practices.

To summarize, we discuss:

  • The only strategy where human advisors beat Robo advisors
  • The importance of discussing risk with new and current clients
  • The importance of finding the right tech, and not all the tech
  • The number of important insights that are only one-tech integration away
  • And more


Connect With Derek Notman:

Connect With Adam Holt:

Connect With Aaron Klein:

About Aaron Klein:

Aaron Klein is co-founder and CEO at Riskalyze, the company that invented the Risk Number® and empowers anyone to become a fearless investor. The company is headquartered in Auburn, California and serves many thousands of financial advisors.

Aaron and his wife, Cacey, co-founded Hope Takes Root, an initiative to use vocational training and life mentoring to change the future for orphans and at-risk kids in Ethiopia.

Previously, Aaron was elected as a Sierra College Trustee three times and served from 2004 to 2016. He consistently gives his PR people heart attacks by tweeting at @AaronKlein.

You can listen to the podcast below.