Keeping the Role of Risk Questionnaires in Perspective

Hennessey, Paul
November 2007
Journal of Financial Planning;Nov/Dec2007 Supplement, p19
Academic Journal
The article discusses results of a study on risk questionnaires, questionnaires financial planners use to determine a client's tolerance for risk. Most questionnaires tend to place a client into one of just three risk categories. Asset classes mentioned typically include stocks, bonds, and cash. The client's time horizon was typically ignored, and the recommended asset allocation was independent of how much money a client had to invest. At best risk questionnaires can serve as a guideline for tailoring a financial plan.


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