The Risk Express Module allows your clients to assess their risk tolerance and review their results in our Risk Module, which is usually restricted to full client plans.
Step 1: Add Family Information
1
Client: Enter name, date of birth, planning horizon, and resident state for the client.
2
Co-client: The Co-client card, pre-filled by default, has the same fields except for the resident state. Click it to enter the second client’s info.
3
Add additional participants: To add more household members, click the blue 'Add Participant' button in the top right to include children, grandchildren, or others.
Auto-Populate
If the client is invited or has access to multiple modules, Step 1 will automatically populate with any information they’ve already entered.
Step 2: Add Basic Information About You
Assign a Risk Assessment. This can be completed by the client through their own login, or through your login by selecting the Risk Assessment card.
Enter invested assets across Taxable, Tax-Deferred, and Tax-Free accounts. Define how these assets are allocated using the default Equity/Fixed Income split.
Step 3: Review
Once the client has a Household Risk Score, the review tab will provide multiple methods of comparison and analysis.
- The Risk Summary tab shows the Household Risk score, in relation to the Current Portfolio risk score and a chosen Target Portfolio risk score.
- The Risk Comparison tab shows the Household Risk score, in relation to the Current Portfolio risk score, a chosen Target Portfolio risk score, and the risk scores of three specific asset classes: money market, corporate bonds, and large growth.
The Household Risk Classification tab shows the Household Risk score, in relation to your advisor-specific Risk Tolerance Categories.
