FinaMetrica provides best-of-breed psychometric assessment of personal financial risk tolerance. We give you a robust, quantitative methodology for linking risk tolerance scores to asset allocations and widely acclaimed educational materials to assist advisors in setting realistic risk and return expectations for your clients.
Customer Reviews
Justin C.
Advanced user of FinaMetricaThe system itself is fairly simple and easy to use, not much to even learn. However, there is a lot of information to digest from the perspective of FinaMetrica's risk tolerance philosophy and I had to do a lot of reading/studying their material before I felt comfortable using it with a client for the first time. I do not see that as a con, however, as it essentially took me through the exercise of developing my own ideology and understanding of risk tolerance as a professional. FinaMetrica has the top reputation in the industry for
The reports' design is starting to look a little bit outdated. It definitely feels smart and clean but not really modern/fresh. I think clients understand my need to use the system and actually kind of enjoy taking the assessment itself, but it would be nice to have something that looks more "cutting edge" and engaging to give to them after completing and discussing their agreed score and target allocation. Maybe some customizability in the generated PDF report, like putting written notes and commentary at the top rather than at the very bottom like an afterthought before the signature/dates would be nice.
Thoroughly study their user guide and support section. My discomfort with certain parts of the software at first had to do with my own lack of understanding, not a lack in the system itself.
Well, as a registered investment adviser I can't even give formal investment advice without properly assessing a client's risk tolerance and risk capacity, and FinaMetrica gives me a formal, academically-driven way of doing that.
I also feel like the assessment and following discussion of questions allows me to take something that is foreign and ambiguous to a client and leverage it into a discussion about actionable decisions with their portfolio. Without the questions and prompts it would be a harder discussion for clients to engage in, I think.
