Popular Financial Tool at Mizzou Will Help Investors, Financial Advisors Assess Risk
When financial advisors meet with potential clients, they are required by law to ask about the client's risk tolerance which is typically measured by simply asking 'what's your risk tolerance?' This can lead to inaccurate answers and put investor's money at risk. Now, the
"Life events, stress and mood can impact how a person may assess his or her risk tolerance," said
The tool, previously housed at
Developed and tested by
"
The Investment Risk Tolerance Assessment is believed to be the largest personal finance research database ever created. The
The new site will be overseen by Rabbani. He obtained his doctorate at the
"It is a privilege to oversee this large data collection effort--I have added affinity to it as my doctoral dissertation was based on data from this quiz," Rabbani said. "I thank
The quiz has been featured in both financial planning textbooks and popular nonfiction books. On Google, it is the first result listed for the search "investment risk tolerance."
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