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Psychometric testing helps asset allocation for Lighthouse clients

Lighthouse Group is introducing a psychometric riskprofiling tool linked to a third-party fund of funds in conjunction with Distribution Technology and F&C.

The IFA group says the initiative will ensure asset allocation is “appropriately and intimately” matched with a client’s attitude to risk.

The tool will link directly to F&C’s multi-manager lifestyle funds, providing a portfolio adapted to the client’s risk profile.

Lighthouse says one of the highlights of the tool is a quarterly update, ensuring continued suitability of the investments.

Chief executive Malcolm Streatfield says: “Lighthouse is one of the first leading financial adviser groups to make this system available to IFAs and is at the forefront of this advance in risk profiling.

“The process is extremely compliant and auditable. Using the fact-finding process together with the unfettered fund of funds readily evidences that clients are being fairly and professionally treated.”

F&C Asset Management director, head of communications and strategy, Jason Hollands says: “This is a very innovative initiative using psychometric risk profiling. We are delighted to be working with Lighthouse Group. This is about much more than just them offering some of our products. We will also be offering ongoing support to drive the partnership forward.”


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