Mass market in scope of risk profiling tool

clock

Distribution Technology's newly launched risk profiling tool is intended to fill a gap spotted in the "mass market" as much as meet the needs of advisers with high net worth clients.

Ruth Bowchier, marketing manager, says Distribution Technology (DT) looked at a number of tools from other solutions providers – not named - while researching its own offering, but found that they generally failed on two points: they either required “a certain level of financial acumen”, seen as slightly below the minimum knowledge required to be formally qualified as an adviser, or relied on “self-diagnosis” Bowchier defined the latter as taking various forms, for example, tools not based on questions, but rather offering three to four risk profiles, with clients asked to pick which one...

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 Technology

Tessa Lee: AI tools alone won't deliver better advice outcomes

Tessa Lee: AI tools alone won't deliver better advice outcomes

'The value of financial advice remains deeply human'

Tessa Lee
clock 29 June 2026 • 4 min read
'More essential than ever': Paraplanners in the age of AI

'More essential than ever': Paraplanners in the age of AI

'Change of this kind unsettles people, and it should be taken seriously rather than dismissed'

Stacey Simpson
clock 25 June 2026 • 5 min read
Andrew Goodwin: Why AI is far from the cat's whiskers for financial advice

Andrew Goodwin: Why AI is far from the cat's whiskers for financial advice

Why would someone trust AI to plot their financial future when it can't even get a daft snapshot of a cat right?

Andrew Goodwin
clock 24 June 2026 • 4 min read