In today’s episode of Framework, Jamie talks with Aladin Abughazaleh, the CEO and co-founder of ATA RiskStation. Aladin exemplifies the idea of scratching your own itch when it comes to developing new products and has done a lot for the financial services industry regarding risk management.

Aladin originally migrated to the US to attend college. In 1983, he started looking at Commodity Trading Advisors (CTAs), and two years later he opened his own firm. He soon realized that there wasn’t a great product available that could help advisors understand and mitigate risk. This gap in the market pushed him to create his own tech firm to address risk management.

Jamie and Aladin talk about his journey from investments to finding tech solutions for risk mitigation. He also shares his insights on what the market is experiencing now during the COVID-19 pandemic and how firms can refine their approach based on the current environment.

“At the end of the day, you have a huge advantage when you can do something in 30 seconds that takes everyone else 3 days. ~ @AladinAbughazaleh

Main Takeaways

  • The problem of mitigating risk was the catalyst for bringing more technology to the financial services industry in the ‘80s.
  • When you can’t find a provider that caters to the problem you’re facing, stop your search and start creating the solution yourself.
  • Risk oversight is a mission in its own right. Mitigating risk is a separate value add that advisors can give to their clients by helping them avoid financial catastrophes.
  • It’s impossible to calculate possible risk in the future using only one risk model. Calculations should be based on multiple risk models at multiple time intervals.

Links and Important Mentions

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