Attitude to Risk tools: Avoiding the pitfalls

Professional Adviser recently asked whether attitude to risk (ATR) profilers merely "regulatory tickboxing" or a "planning essential". The consensus was clear: an ATR tool can add value to the advice process but it supports advice and does not replace the need for an adviser. Tools that can help facilitate a discussion about different types of risk - for example, risk tolerance, risk required, risk capacity and even risk composure - can help engage customers with the advice process, as well as help towards ensuring a suitable outcome, but the wider conversation is key. Advisers need t...