ATR profilers: Regulatory tick boxing or planning essential?

The modern-day mantra for advisers is to make their processes ‘replicable, repeatable, and consistent’. Little wonder, then, the rise of the risk profiling tool – which, after a series of questions, neatly funnel clients into an investment portfolio based on their attitude to risk (ATR). But can it really be that simple? Graham Bentley Investment Intelligence managing director Graham Bentley thinks not. He said attitude to risk questionnaires are “generally badly constructed, grossly misleading and ultimately pointless”. “The problem is most [ATR tools] are put together to solve a ...