Friday, 02 February 2018 11:57

Risk tool to help planners with new suitability rules

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Ben Goss, Founder and CEO of Dynamic Planner. Ben Goss, Founder and CEO of Dynamic Planner.

Dynamic Planner has unveiled its new risk profiling process aimed at helping Financial Planners address Mifid II requirements on suitability.

This involves a 15-question psychometric attitude to risk questionnaire based on research carried out with academics from the International Capital Market Association Centre at Henley Business School.

Dynamic Planner said that the new process “encapsulates new developments in psychometric testing theory”, with a questionnaire designed to be easier for clients to understand.

Changes were made to cut the number of questions relating to specific investment choices, or which can be perceived as a test of financial knowledge, as supposed to pure attitude to risk.

The new questionnaire has been developed for both accumulation and decumulation purposes, and for both existing and new clients.

James Smith, head of intermediary account management at Dynamic Planner, said: “This new questionnaire is an evolution of our existing profile process, and is the result of 16 months of research, development and user feedback. It will help investment managers and professionals to fulfil their Mifid II requirements for suitability and appropriateness.”


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Last modified on Friday, 02 February 2018 12:04
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