It’s a great time for a risk-tolerance reality check

July 9, 2015 by Suzanne Woolley

Financial advisors say clients often overestimate their tolerance for risk. But data suggest it’s really financial advisors who become more nervous than they expected when markets become volatile. 

Advisors often underestimate their own stomach for risk significantly, by as much as 20 points (on a scale of 1 to 100), according to FinaMetrica, a firm that runs psychometric risk tolerance tests. Click here to read…

Originally Posted at LifeHealthPro on July 06, 2015 by Suzanne Woolley.