Category: Uncategorized

Introducing Tolerisk® 4.0

Tolerisk®, the leading investment risk assessment software on the market today, recently launched an upgraded system: Tolerisk® 4.0. This improved platform provides users with additional features that will enhance their Risk Tolerance Assessments and provide them with the comprehensive and customized information that they need for their clients.

Tolerisk® software is created for Investment Advisors and Financial Planners who are seeking to grow their business and improve their reputation. It is a user-friendly system that makes it easy to create a custom risk tolerance assessment for clients. The program uses a scientific approach to risk tolerance assessment, and it analyzes the client’s ability and willingness to take an investment risk in the market. The end result is a simple, measurable, and actionable risk tolerance benchmark.

Tolerisk® 4.0 is the latest version of this innovative analytical software for Financial Advisors. Some of the new features and upgrades include:

Investor Worksheet Links — Through this feature, advisors can now send their clients links in order to fill out their Tolerisk® risk assessment at their own convenience. Once completed, the results are sent directly to the advisor. Upon review, advisors can discuss the risk tolerance assessment with their clients. With enhanced charting and graphing, the client will enjoy powerful reports that can be quickly interpreted and applied to their specific financial situation. Beyond the client-specific links, generic links can be generated with the Investor Worksheet Links feature. Advisors can embed those generic links on their website, and use them to convert prospects and onboard large numbers of clients for their business.

Downloadable Prep Sheet — This feature is designed with both advisors and their clients in mind. The prep sheet offers actionable tips for clients to use as they prepare their Tolerisk® risk tolerance review. It can be customized with the advisors’ logo, giving it a professional appearance.

Capital Inflows — The Capital Inflows feature was a direct request from the advisors who use Tolerisk®. Now, financial advisors can utilize this feature in order to incorporate a likely inheritance, the sale of a business or the downsizing of a home into a risk assessment report. The Capital Inflows field allows advisors to tailor each report to the specific needs of their individual client.

With this risk tolerance assessment tool, investment advisors and financial planners are able to provide their own clients with improved services and results. Their clients are impressed by the customized portfolios that are created for their specific circumstances and situations, and they feel confident in the advisors that they are working with for their own investments and financial planning strategies. Advisors and those in the finance industry who utilize Tolerisk® report higher retention and referral rates than those still using risk tolerance quizzes.

Those who implement the Tolerisk® system into their financial planning business appreciate the fact that this program is constantly changing and evolving in order to better meet the needs of its users. Financial advisors and other users of Tolerisk® provide feedback that directly impacts the growth and development of this risk assessment platform, and there’s always something new in the works.

To find out more information about Tolerisk® and how it can improve your risk assessment analysis, contact us today.

It is time for a moment of reflection.

We now have two candidates. Regardless of political leanings, we can likely agree:

• The two candidates are polarizingly different
• We do not yet know who will win the general election

In the face of this uncertainty in the presidential elections, Merrill Lynch noted that the markets are likely to display additional volatility. It is not just the market responding…individual investors are also reacting. A client’s risk tolerance is more likely to fluctuate in the presence of so much uncertainty. Historically, risk tolerance was treated as an annual or one-time check-the-box activity, but does that process still suffice in a year like 2016?

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Business Insider recently published a newsletter referencing the skills Michael Kitces believes one must master to progress along the financial advisor career path.

Tolerisk® supports growth in each of these four areas. Tolerisk® is the most robust risk tolerance assessment tool available today and makes assessments a measurable and actionable process for your clients.

Build your book of business
Tolerisk® showcases the value you bring as a financial advisor to drive retention of current clients and higher referral rates for prospective clients.

Provide truly customized financial advice
Rather than relying on the old and over-simplified questionnaire, use our risk tolerance assessment tool to incorporate technical forecasting in your financial advice.

Strengthen your client relationships
Tolerisk® creates the opportunity to better engage with your client in meaningful conversations as a way to deepen your relationship.

Add structure to your execution
Tolerisk®, our risk tolerance assessment tool, provides structure beyond the quarterly calendar to drive portfolio management tailored for your client’s own major life events calendar.

Contact us today for more information.

1. You look past fees when making recommendations.
There are so many considerations when delivering investment advice that you choose to look past the fees and provide individualized advice driven by your client’s preferences, their financial needs, and their assets.

2. You minimize conflicts of interest.
You separate your lines of business or internal incentive structures so that your activities around client service and fee generation are as independent as possible.

3. You appreciate your compliance officer.
You may not always be best friends. In fact, your warmth likely wanes during any presentation of audit findings. However, you fully appreciate and respect their role in the industry. You know deep down that this person is a key asset to your firm’s longevity.

4. Your clients come first.
Any time someone approaches you with a new investment or business strategy to consider, the first place your thoughts go…are inside the mind and heart of your clients. What benefit does this bring to her? How will this affect him?

5. You bring the best of all options to your clients.
Your eyes are peeled for new investment, portfolio structure, and technology options to keep driving your definition of best in class higher and higher. You strive to continuously improve your practice as new resources become available.

If you would like to learn how to become a better fiduciary, contact Tolerisk today.

Please note: This article is about the essence of a fiduciary as an identity held by top investment advisors rather than the legal classification. There are of course legal criteria to determine fiduciary duty in a given investment advisor role and these have expanded as a result of the Department of Labor’s Fiduciary Rule published on April 6, 2016.

Barron’s recently released their list of the Top 100 Financial Advisors.

The ranking is a function of:

1. Volume of assets
2. Revenues generated
3. Quality of advisors’ practice

Most financial advisors would love to be on the top 100 list, but it’s hard to lay out a concrete path to actually get there. FinTech is democratizing the industry and technology solutions can help financial advisors reach this list. What financial tools and technology have you leveraged that helps put your practice on Barron’s Top 100 radar?

While Tolerisk® is a risk tolerance assessment tool, the technology also helps financial advisors with each of these ranking elements:

1. Volume of assets: Tolerisk® drives new client acquisition. Advisors have leveraged our risk tolerance assessment tool as a way to convert high-value prospects into clients.
2. Revenues generated: Tolerisk® creates cross-selling opportunities. Tolerisk® provides financial advisors with a full picture of the client’s personality and financial position. This leads to cross-selling of other relevant financial services.
3. Quality of advisors’ practice: Our risk tolerance assessment tool influences client retention. Clients that go through Tolerisk® have more confidence in their portfolio and feel more satisfied by their advisor.

Contact us today for more information on our innovative and valuable risk tolerance assessment tool.

It was never a competition per se, but there are now more millennials (defined as people born from 1981 to 1997) than baby boomers alive in the United States as reported by the Pew Research Center.

The term millennials may conjure images of young whipper snappers, but in fact, there is now a significant subset that has more than 10 years of working experience. This means there are millennials with investment potential and in need of financial advice and risk assessment to reach their goals. To position your investment firm to serve millennials, there are three perspectives that you need to know:

Burden of student loans
The majority of college graduates leave campus with a hefty loan balance…

Focus on shorter-term financial goals
Many are not yet looking to become homeowners, but have other financial goals with shorter time horizons

Lens of recent history
Millennials watched their parents suffer through recessions – the memories are fresh and creates a propensity for risk that may belie their age

For risk assessment software catered to your client’s perspectives, contact Tolerisk® today.