Institution route · Independent & External Asset Managers (EAM)
Institutional-grade risk evidence. Without the institutional headcount.
Your clients’ assets sit across three or four custodian banks. Your supervisory audit expects a documented, working risk process – every year.
NDA before any data · founder-direct intake · no sales team
Your clients compare your reporting to what UBS sends them. And the entire risk function is one partner with a spreadsheet. SAA gives an independent manager what only bank risk departments used to have: a deterministic risk engine that produces per-client, cross-custodian risk evidence – VaR, concentration, liquidity, tails – where every number carries a hash and replays bit-for-bit. Auditor-verifiable without trusting us. No quant team required.
Five pressures on every independent manager.
This page is for the firm that carries institutional obligations without an institutional risk department.
The regulator’s question.
Pain. Since licensing, every independent manager must show a documented risk-management process. Most show a spreadsheet and a policy PDF written once.
SAA. We deliver a per-portfolio evidence pack – metrics, assumptions, boundaries, hashes – that a supervisory auditor can replay without your involvement. The audit file writes itself as a by-product of running the risk.
The custodian blind spot.
Pain. Each custodian reports its own slice beautifully. The client’s true concentration – same name, same sector, across three banks – is invisible to all of them. It is your liability anyway.
SAA. We compute the consolidated picture per client: concentration across custodians, liquidity ladder and tail stress. Review-grade, hash-pinned.
The credibility gap.
Pain. The client receives a glossy quarterly from a custodian bank – and a PDF table from you. In that comparison, size wins.
SAA. Committee-grade reporting – the same evidence discipline used for banks and family offices – under your relationship. Client sees rigor; you keep the relationship. And a sentence your clients can verify: "An independent firm re-checks our portfolio risk every quarter – here is the report."
The suitability file.
Pain. Documented risk profile says balanced; actual portfolio drifted to 40% in two names. That gap is a regulatory finding waiting for audit.
SAA. We flag profile-vs-portfolio divergence as an explicit check – documented, dated and replayable. Each check is dated and sealed – if a decision is ever disputed, the independent record of what the risk looked like at that moment already exists.
The exit price.
Pain. Consolidators are buying independent firms – and discounting every practice whose operational risk is undocumented. The diligence takes longer, the price lands lower.
SAA. Years of independent, replayable risk evidence become part of the asset you sell – a track record a buyer can verify in days, not months.
Four workflows. One audit trail.
Start with one client portfolio, then expand only if the evidence pack is useful in the next supervisory review.
Per-client risk pack
VaR, CVaR, stress, concentration and liquidity per client. One run becomes one portfolio risk pack with the sources, model version and replay path attached.
Cross-custodian evidence view
Consolidated positions across banks and custodians, review-grade only. Built to show the whole client exposure, not to certify official books or strike NAV.
Audit & suitability file
A supervisory-audit file with risk metrics, assumptions, profile-vs-portfolio divergence flags and replay instructions. The suitability determination remains yours.
Digital-asset exposure
Crypto client positions receive proprietary AA-to-D analytic labels, custody and flow context, and explicit boundaries. These are research labels, not credit ratings.
Operating model
Built for a firm of five, not five hundred.
The point is not to sell an enterprise migration project. The point is to give an independent manager a credible risk-evidence layer beside the custodian reports.
Evidence, not testimonials.
For a regulated independent manager, borrowed brand language is weak. Replayable evidence is stronger.
DRCET on SSRN
Deterministic Risk-Compute Equivalence Test: an open, deliberately unpatented protocol for checking whether a fast risk engine returns the Monte Carlo answer.
See methodology →Monte Carlo answer in 1.12 ms
Risk Analyzer benchmarks against a 10M-path Monte Carlo reference and returns replayable output with hash-pinned evidence.
Open Risk Analyzer →Independence Charter
No exclusivity, no white-label capture, no stronger claim than the evidence can replay. A public boundary before any private pilot.
Read charter →Founder-direct intake
Bring one client portfolio.
Start with a single portfolio: we return the risk pack, the audit file and the exact boundary of what can be claimed. If it does not make your next supervisory audit easier – walk away.