Attitude to Risk Questionnaires – Do We Really Need Them?

Category: Risk

The short answer to this question is yes.

Making sure we understand your thoughts, experience and tolerance of risk is one of the most important things we can do as an adviser. It feeds into all aspects of your financial plan and is not something that can be undervalued.

The Attitude to Risk Questionnaire that we send out to you ahead of your forward planning meetings is the cornerstone of this consideration. We have carefully chosen to partner with FinaMetrica to provide you with the risk profiling questionnaire. This system uses psychometric modelling to help us understand your thoughts about risk. More importantly it serves as a jumping off point for us to have a more in-depth conversation about your views on the degree of risk you are taking.

There is a relationship between the degree of risk you take and the return you can expect. That principle can be related to life in general and not just your finances, but a common perception is that risk can lead to poor outcomes – a loss of something.

Understanding your tolerance to risk is fundamental which is why we check it with you. You will be surprised how often a good conversation about this can make the difference between a good and a great outcome for our clients. 

Of course, if you think your views on risk have changed recently and you wish to discuss this with your adviser, please do get in touch. 

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