Skandia has launched a multiple currency client risk assessment questionnaire that automatically fe...
Skandia has launched a multiple currency client risk assessment questionnaire that automatically feeds into an asset allocation calculator.
Shelley Robertson, international marketing manager at Skandia, said: "Understanding a client's attitude to risk is the linchpin of financial advice and our questionnaire is designed to help advisers identify exactly how cautious or brave clients are when it comes to investing money."
She said: "This is the first time this interactive tool has been available for use in dollars and euro. A sterling version has been available through the Skandia UK Group for some time."
She said information from the risk questionnaire will automatically enter into the asset allocation calculator to give the adviser an illustration of the spread of investments that might be suitable for a particular risk profile.
She adds: "The whole process is easy to do and takes minutes."
The asset management tool has been built by global actuarial and management consultants, Tillinghast Towers Perrin, using mathematical formulae to project many hundred of plausible paths for future investment returns for the asset classes.
An investor's attitude to risk as well as investment bias, combined with the investment term determines what the overall asset allocation should be for the client.
Asset allocation sectors include the Far East, UK, Japanese, US and European equity, global fixed interest and deposit.
The move follows last month's launch of a microsite providing information on the Insurance Mediation and EU Savings Tax Directives (International Investment, February issue 2006, p13).
The site offers support material, regulatory contact details and product information. It also has country specific information such as regulators' web addresses and relevant products available from Skandia Ireland.
Skandia launch multiple currency client risk assessment questionnaire
First time tool has been avail-able for dollars and euro use
Developed by Tillinghast Towers Perrin
£300bn of liabilities
View from the front row
Transfer from occupational scheme
Appointed by FCA and PSR boards