Australian risk profiling to hit the UK market

Although the UK version has yet to be rolled out, the software by FinaMetrica – previously known as ProQuest – is already used by 300 advisers firms or 1000 intermediaries around the world and is now being hailed by UK-based financial planners testing the software as "one of the most comprehensive risk profiling systems on the market". Testing has been taking place on around 70 UK-based financial planners since last year alongside their current client base and against past risk assessments, to find out whether there are any major similarities or differences to the decisions taken without...