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Bridge over ocean
1 June 2018 Research Foundation

Risk Profiling and Tolerance: Insights for the Private Wealth Manager

  1. Joachim Klement, CFP, CFA

Risk Profiling and Tolerance: Insights for the Private Wealth Manager View the full book (PDF)

If risk aversion and willingness to take on risk are driven by emotions and we as humans are bad at correctly identifying them, the finance profession has a serious challenge at hand—how to reliably identify the individual risk profile of a retail investor or high-net-worth individual. In this series of CFA Institute Research Foundation briefs, we have asked academics and practitioners to summarize the current state of knowledge about risk profiling in different key areas.