Risk Assessment
By completing this questionnaire which uses the FinaMetrica system, you can obtain an accurate assessment of your risk tolerance in terms that are meaningful to you and your advisers. Your Risk Profile report will guide you and your advisers in your financial decision making. In particular, the report provides the basis for your instructions to your advisers on the level of risk you are willing to accept. Click the button below to begin the Survey (will open in a new browser window). It will take approximately 15 minutes to complete.
Click Here To Complete The Assessment Questionnaire
Frequently Asked Questions regarding the Questionnaire:
Why are 25 questions needed?
A person's answer to a specific question may be influenced
by a particular experience they have had, or their mood at the time. Or they may have misinterpreted the
question. Or they may simply have made a mistake.
Statistical studies are used to determine the number of questions needed to provide a scientifically acceptable level of accuracy in an assessment. The accuracy of a questionnaire is a function, in part, of the square of the number of questions. Because of the nature of risk tolerance more than just a few questions are needed. Twenty would be a minimum. Statistical studies of this questionnaire show that its accuracy exceeds internationally accepted standards.
What if the situation described in a question has never happened to me, or will never happen to me?
There are a number of questions that ask you to assume or imagine you are in a certain situation. These questions are designed to gain a picture of what you would do in such circumstances, regardless of whether
you have ever been in them or are ever likely to be in them. Please answer as best you can on the available information.
What if a question asks about a situation where, in real life, I would have (or would seek) more information than is given in the question?
Some questions require you to make a decision based on limited information. While, in real life, you may wish to obtain more information before making your final decision, these questions are designed to gain an
idea of what you would do given the limited information. Please answer as best you can on the available information.
What if none of the choices in a multiple-choice question is my preferred answer?
Some questions give you a limited choice of responses and may not include what would be your preferred answer. These are designed to obtain a picture of what you would do given the choices available. Please
answer as best you can on the available choices.
What makes a "good" questionnaire?
A good questionnaire will certainly be (relatively) easy to understand and answer. It must also have been developed on sound scientific principles in order to ensure
the validity and reliability of its results. The starting point is a pool of potential questions. The trialing process these must go through will identify which questions work (statistically) and which do not. The questions
that are effective in a questionnaire are not necessarily those most suitable for an interview.
The Risk Profile report produced from a completed questionnaire provides details of the development of the FinaMetrica questionnaire.
Do the questionnaire and report replace discussion between client and adviser?
Not at all. They act as catalysts to, and provide an objective starting point for, a more informed, more focused discussion. Advisers experienced in using the FinaMetrica system report that the improved
communication leads to clearer instructions from clients and greater understanding, by both client and adviser, of clients' attitudes to risk.
