Pocket Risk is one of the best financial planning tools for advisors to incorporate into your client discovery process. It is a financial advisor software tool that assesses their client’s risk profile. Once you successfully find out your clients’ risk scores using our tools for financial advisors, you will be able to use that information to provide the best advice.
Helping your clients make a successful and profitable investment majorly depends on investment risk assessment. For this, it is crucial that you’re aware of the fundamentals. This is where Pocket Risk comes to help with its tools for financial advisors. Our investment risk questionnaire will help you to find a lot of information about your clients in a much more straightforward way. On the other hand, if you rely on conventional methods, the process will only get complicated and time-consuming.
HOW DOES IT WORK?
As a financial advisor, you have the responsibility of providing guidance to your clients for their investments. For this, it is mandatory that you are well aware of aspects like risk tolerance, risk capacity, etc. Using our financial planning software for advisors, the process of risk assessment will become a piece of cake for you. Pocket Risk assesses the amount of investment risk your client is psychologically willing to take through a series of questions. You can then use this information to build a portfolio that meets their investment requirements. This is what makes Pocket Risk one of the best portfolio analysis tools for financial advisors.
Advisors can use our financial planner tool to distribute an online questionnaire to their clients that will assess how much risk they are willing to take on their key investments. The questionnaire asks several questions which your clients will have to answer. After you have all the answers, you can use them to calculate the client’s risk score. Once you have the risk score, you’ll be ready to provide the best advice using our financial planning software tools for advisors.
PROVIDE THE BEST ADVICE USING OUR INVESTMENT ADVISOR SOFTWARE
Investors who put forth the effort to plan for the future are more likely to take the necessary steps to achieve their financial objectives. Since you’re the one responsible for guiding the clients, you first have to work smart yourself. If you own a financial advisory firm, you should be aware that tolerance, risk capacity, and investment suitability all play a role in the investment’s overall success. Pocket Risk has designed this financial advisor software to assist you in your client’s risk profile analysis.
The overall result determines whether a client should invest aggressively or conservatively. If you’re a financial advisor, you must already know how complicated it is to calculate a client’s risk profile and guide them about investment principles. Using our risk assessment software, you will be providing quality consultation to your clients within no time.
HOW CAN THE FINANCIAL ADVISOR TOOLS HELP IN RISK ASSESSMENT?
Your clients may get puzzled when you ask them what low-risk tolerance is. However, if you ask your clients, they will most likely respond that they are, of course, concerned about losing their hard-earned money. The question is how determined they are to avoid risk for the possibility of greater rewards. It is, therefore, the financial advisor’s responsibility to design an investment strategy for clients through proper risk assessment and balance their need for growth while taking into account their true tolerance for risk.
The process of risk assessment is, however, time-consuming and complicated, which can be made easy using our financial profiles software for financial planning. Once you start using our financial planning software tools, you’ll understand how useful the tool is for financial advisors. Another thing that makes Pocket Risk ideal to be used is that it is designed to be secure and compliant with all risk profiling regulations in Canada, the United States, the United Kingdom, Australia, New Zealand, India, and other jurisdictions.
