PrairieSmarts Risk Platform Acquired by Covisum

The firms suggest the new arrangement will deliver “powerful risk analytics” directly within an efficient retirement planning solution.

PrairieSmarts’ risk management platform for financial services professionals has been acquired by Covisum, a retirement income planning technology and training solutions provider.

All products currently offered will continue to be available for purchase by adviser offices or as an enterprise-wide solution, the firms note. However, beginning later this year, advisers will be able to utilize the products on a singular web-based platform offered by Covisum. Current PrairieSmarts users will continue to have access to the platform’s integrations with Orion Advisors and Redtail Technology. 

In 2016, Covisum rebranded from Social Security Timing to “better reflect its broader software and service offerings.” PrairieSmarts’ SmartRisk will join the Social Security Timing and Tax Clarity products as one of Covisum’s core offerings. The PrairieSmarts brand will continue to operate through much of 2017, after which their solutions will continue to be available on the Covisum platform, according to the firms.

The combined team “expects to be able to deliver winning solutions for common client challenges through the application of advanced analytics, artificial intelligence and machine-learning techniques delivered in an intuitive and actionable way.”

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