Paul Resnik: Why I disagree there are 'no standout risk tools'

"Until there is an independent and academic assessment that highlights the dangers of using unproven risk tolerance tools, advisers and clients will remain in the dark" - Paul Resnik
"Until there is an independent and academic assessment that highlights the dangers of using unproven risk tolerance tools, advisers and clients will remain in the dark" - Paul Resnik
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In this piece Paul Resnik bemoans the fact there are still no rigorously-tested standards for risk tools that enable advisers to make a fully informed comparison about providers, arguing there tools in the market that use 'gamble' questions and those that, in his view, more accurately assess clients' risk tolerance...

Suitability will be high up the agenda over the coming months as the regulator prepares to publish its latest findings on the subject. The Assessing Suitability Review will, alongside the Financial...

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