Our guide to assessing risk types

clock

The Psychological Consultancy's Geoff Trickey reveals why you should identify your own risk type before advising clients.

Provision of financial advice and management is a knowledge-based practice and, in a world where financial services and investment products grow ever more complex, most IFAs will have enough to do keeping up with market trends, red tape, legislation and good practice guidelines. Yet, they are required to assess each client’s propensity for risk. Poor practices have already been highlighted by the FSA, which between 2008 and 2010 rated more than 50% of the files they reviewed as “unsuitable” due to shortcomings in the way the customers’ attitude to risk was assessed. Pitfalls of people...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Carla Brown: PFS will reassert itself as voice of the profession in 2026

Carla Brown: PFS will reassert itself as voice of the profession in 2026

PFS president and chair on building trust

Carla Brown
clock 16 June 2026 • 4 min read
Advisers need 'robust' scam protections as investment fraud losses hit £221m

Advisers need 'robust' scam protections as investment fraud losses hit £221m

Investment fraud up 40% year-on-year

Sophia Panayi
clock 15 June 2026 • 2 min read
News editor's view: Why advisers should pay attention to student loans

News editor's view: Why advisers should pay attention to student loans

The news editor's Friday Night Takeaway from 12 June

Isabel Baxter
clock 12 June 2026 • 4 min read