Why are we so beguiled by risk questionnaires? Most paraplanners and advisers use a risk profiling tool as part of their suitability process but are they the right tool for the job?
Learning objectives
In this session we covered…
- What are risk questionnaires trying to achieve?
- Is a psychological approach the right approach?
- Why is loss aversion the crucial question?
- Is there an alternative way?
- What about capacity for loss?
- How does risk mapping work?
