Sesame Bankhall Group has launched a new risk profiling tool for advisers using Barrie & Hibbert, Oxford Risk and software provider Iress.
The tool, Risk Profiler, will use 18 psychometric questions, designed by Oxford Risk and four suitability questions from Sesame to help evaluate risk tolerance.
Iress is used to produce tailored client reports, explain the risk assessment process and summarise information gathered and agreed outcomes.
Risk management firm Barrie & Hibbert has designed asset allocation and volatility limits on the tool which will be rolled out to Sesame members and Bankhall customers from July.
Sesame chief executive George Higginson (pictured) says: “Establishing the level of risk a client is willing to take, and their capacity for loss, is the cornerstone of any investment recommendation and is critical to assessing suitability.”