The greatest threat to advisors: Lightning Round with Riskalyze CEO Aaron Klein

Clients are expecting a better digital experience on par with tech giants, like Amazon, Netflix and Google, says Aaron Klein, CEO at the advisor technology provider Riskalyze. The problem for many advisors is that they've been slow to adopt new technology.

Wealth management mobile apps, for example, fared worse in terms of client satisfaction when compared with a group of firms from other industries, including rental car companies, airlines and even health insurers, according to a recent J.D. Power survey. Unfortunately, only 30% of the clients surveyed rated their wealth management app as outstanding.

Riskalyze works with tens of thousands of planners to automate trades and rebalance client accounts, among other capabilities. Klein's firm recently partnered with a handful of new platforms — like Fidelity Institutional and the trading platform Flyer — to build out additional tools for advisors.

What has the firm taken away from an expanding lineup of advisor tech tools? Klein weighs in on the latest trends.