Rixtrema

RiXtrema develops innovative tools for financial advisors and plan advisors using machine learning, artificial intelligence, and data science. The company's flagship products include AdvisorAI and 401kAI, which provide portfolio analysis, risk assessment, and document processing capabilities. The AI-powered tools enable advisors to analyze portfolios, create custom emails, and generate calling pitches while cutting down administrative work by 40%. AdvisorAI and 401kAI can process client statements and documents using computer vision technology and multiple language models to deliver actionable reports within minutes. The solutions incorporate strict data privacy measures with siloed client data storage. The platforms contain detailed data on 850,000 retirement plans along with information on current laws, regulations, and legal cases. As of September 2023, RiXtrema served over 7,000 retirement plan advisors. The company's products utilize fiduciary analytics and science-based mathematical risk assessment models accessed through web-based software with multi-platform support.

In March 2017, RiXtrema partnered with BrightScope to integrate the Plan Data Network into its FiduciaryOptimizer suite, enabling seamless access to retirement plan disclosures required for rollover best interest determinations.

Key customers and partnerships

RiXtrema's client base consists primarily of retirement plan advisors and financial advisors. The company established a strategic partnership with BrightScope in March 2017 to provide its users access to plan details from disclosure documents through BrightScope's Plan Data Network Initiative.