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Bear Stearns has joined the ranks of Wall Street banks hawking its risk management skills.

The investment bank has joined with the RiskMetrics Group to offer the company's WealthBench platform to independent investment advisors and family offices, via its own WealthSET wealth management solution.

Clients of Global Clearing Services can now access WealthSET's risk analytics, investment planning, asset allocation and proposal generation functionality.

Other functionality includes, what-if, stress testing, diversification analysis, VaR and Xloss.

Portfolio construction, simulation-based optimized asset allocation and client proposal.

Commenting on the arrangement John Tyers, Managing Director and manager of Investment Advisor Services Sales for Bear Stearns, said, "Our partnership with RiskMetrics Group delivers on our commitment to help leading advisors retain clients and win business from the best firms in the private wealth management business. WealthSET has tremendous power to help improve advisor-to-client communication concerning topics such as quantifiable portfolio risk, asset allocation, and wealth projections."

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