PruIFA unveils risk and portfolio aggregation software

Called Prudential Portfolio Planner, the stochastic modelling software allows advisers to input the client’s existing investments – purely for aggregation purposes – and then assess their attitude to risk as well as any additional requirements which might need to be met. In particular, risk profiling takes a new direction by specifically asking six questions – condensed from around 20 that might usually be asked – to determine whether clients would be better served in conservative, balanced, managed or aggressive funds rather than asking a client to rate their risk from 1-10. Tools w...