Brewin Dolphin is seeking to expand its range of risk-profiling tools after feedback from advisers showed they want greater choice.
The wealth manager currently exclusively uses Distribution Technology’s Dynamic Planner tool, but said it is finding clients favour a range of tools from different providers. As a result, it is considering adding a system run by Australian firm FinaMetrica. The FinaMetrica system uses a 25-question risk-tolerance questionnaire to provide a personal risk profile report. Dynamic Planner uses either a 10- or 20-question psychometric questionnaire, plus questions about investment timeframes and liquidity requirements, to agree a suitable client risk profile out of 10. Gareth Johnson...
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