If you have met with a financial advisor, and upon concluding the meeting felt things were a bit “cookie-cutter,” you are not alone. Many advisors, particularly when it comes to risk tolerance, have a proclivity to stereotype clients based on their age. Follow-up questions often lead to classifying risk tolerance in very overused and oversimplified terms like “conservative,” “aggressive,” and “moderately aggressive.”
Formulating an investment plan based on a conversation with an investor and their current market sentiment is highly subjective. The results will often reflect that. A good financial advisor needs to take the subjectiveness out of the equation. Providing investors with a quantifiable measuring tool for their risk analysis, which can be used to produce tangible results, is a must for any advisor. Say hello to Riskalyze.
