Larry Shumbres

Co-Founder and Chief Revenue Officer, Totum Risk

Larry is a leader in the FinTech industry with a mission to continuously enhance the investing experience for both advisors and investors through innovative technology. He has over 20 years of FinTech experience with companies such as Charles Schwab, Morningstar, and eVestment and is recognized as an industry expert.

After a major life event prompted Larry to evaluate his investment risk, he discovered that traditional risk tools were only calculating risk preference instead of risk capacity. Motivated by this finding, Larry founded Totum, a risk toolkit that calculated both risk preference and risk capacity and compared it to the risk score of the investor’s current portfolio. After successfully selling Totum to The Tifin Group, Larry continues to lead the company.

As a trusted advisor, Larry serves on multiple corporate boards, is a writer for NASDAQ, has authored numerous articles, and has been interviewed on Bloomberg Radio. He is also the founder of Greenback Investments, a hedge fund developing digital assets through blockchain technology.  Larry played football for The University of Pittsburgh where he graduated with a Bachelor of Arts degree in Law.