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Adviser rejects psychometric risk profiling

Thursday 11th of October 2012

While many advisers now use psychometric testing to assess client attitudes to risk, Mike Newton of Newton Ross said he wasn’t convinced of the usefulness of such tools.

“The bottom line is we don’t I guess give a client quizzes or a questionnaire to determine their risk profile,” he said. 

“In a way that’s kind of lazy, because you don’t have to do any forecasting work aroun...

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