Links
Psychometric Risk Tolerance – Finametrica
Judging tolerance to investment risk is tricky because it is a relative measure, like judging temperature. You may know what you think is “hot” or “cold”, but this will be different to what other people perceive as hot or cold. To agree the temperature you use a thermometer.
Advisers who rely only on their own subjective judgement of their clients’ tolerance to investment risk will judge their clients risk tolerance relative to their own. This inherent adviser bias is dangerous. We need a “risk thermometer.” Finametrica does this job for us.
PageRussell have used Finametrica’s risk profiling tool since its UK trial in 2004. The tool was developed using disciplines for psychological testing which exceed international psychometric standards. You can view Finametrica’s technology for yourself at www.myrisktolerance.com.
Cash-flow modelling – Voyant UK
Cash flow modelling software is the engine behind any comprehensive financial planning service. PageRussell were early adopters of Voyant after its launch in 2009. Voyant was the first useful planning software in the UK to be available online to both clients and planners. Voyant enables PageRussell to provide a truly collaborative financial planning service.
Find out more at: www.planwithvoyant.co.uk
Here are some links to other resources we find useful:
What is your personal inflation rate? www.statistics.gov.uk/pic/
How long can you expect to live? www.spenceandpartners.co.uk/tools/mortalitytool/
PageRussell does not receive any fees or commissions from any of the companies or organisations mentioned on this web site.
