Skandia develops iPad app to assess risk appetite

The app is designed to help advisers assess a client's attitude to risk ahead of face-to-face meetings. The app guides advisers through either 11 or 13 questions to assess their client's risk appetite and when completed, the app will calculate a risk score of between one and ten, with ten representing the highest risk. The app then quantifies what the risk score means in terms of a range of expected returns to help the adviser explain the results to their client. This version of the app includes several new features. One is that advisers can now get their clients to sign directl...