Risk profiling software provider FinaMetrica has launched a shorter version of its risk tolerance test for advised clients with ‘single goal' investment needs or smaller amounts to invest.
The 12 question test - FinaMetrica's established profiler comprises 25 questions - forms part of a new proposition from the business called FinaMetrica Plus, which also includes the ability to compare clients' risk tolerance with the risk taken in their existing and target portfolios. FinaMetrica co-founder Paul Resnik said the shorter test could also interest larger businesses such as banks, life companies and pension funds, "as it will allow them to provide consistent risk tolerance testing and risk communication across their organisation from the private banking offering to web-based ...
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