I recently connected with Paul Resnik, Cofounder of Finametrica for the latest edition of AdviserHangout.
I asked Paul his assessment of risk profiling tools in the UK and whether he though much has changed since the FSA’s investigation two years ago identified that 9 out of 11 risk profiling tools had significant weaknesses which could lead to “flawed outputs.-(apart from the tools providers telling us they have updated their tools)
Paul talked about why risk tolerance is a deeply ingrained psychological trait and the process of linking test outcomes to specific asset allocation.
Here’s the audio of that interview below…
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