The CWC Research managing director, Clive Waller expressed his concerns regarding time-poor advisers making these important decisions at the PortfolioMetrix’s ‘The Mix Forum’ event: https://www.professionaladviser.com/professional-adviser/news/3009166/five-ways-the-adviser-business-model-must-adapt-clive-waller?utm_medium=email&utm_campaign=IFA.SP_01.Update_RL.EU.A.U&utm_source=PA.DCM.Editors_Updates&im_edp=sigmacity.com&im_company=
The key points are:
- a decreasing number of advisers made their own fund selection decisions
- Generally, advisers don’t have the time to do all they need to do and run the money
- almost 48% of advisers relied solely on a risk tool
- “The regulator doesn’t want you just using the risk tool, as some of them don’t work well enough.”
Please contact us to set up an evaluation of AssetQ – a unique fund risk profiling tool (that the FCA has seen) using qualitative and quantitative data, assessed entirely in line with your house (not a third party’s) view regarding risk.