ATLANTA, Aug. 1, 2015 /PRNewswire/ -- FinaMetrica has
released its upgraded MGP 2.0 risk profiling tool, which replaces
the previous version (MGP 1.5) from August
1.
FinaMetrica's MGP 2.0 tool for MoneyGuidePro® offers major
improvements including a reworking of the risk report to show
personal and couple differences more clearly. It also enhances the
Mapping process to better link risk tolerance scores to model
portfolios and multi-asset portfolio solutions.
"Other improvements include the re-norming of the US database of
completed tests and the reworking of the Risk & Return reports
to eleven from seven portfolios and extension to 18 return 'story
boards' designed to help advisors more effectively frame realistic
investment expectations," said FinaMetrica co-founder Paul Resnik.
"We have also enhanced our reporting which makes conversations
with clients about their money and their goals more structured and
rewarding," said Mr Resnik.
"We believe we've now improved both compliance and collaboration
and have a really workable balance between the two. We will be
providing training webinars in the coming weeks to help users get
the most out of their FinaMetricaPro subscriptions," he said.
"There have been over 850,000 FinaMetrica risk tolerance tests
completed to date and the stability of our risk tolerance scores
have been proven through two major bear markets since our launch in
1998: the Internet bubble and global financial crisis.
Subsequently, there has never been a FinaMetrica subscriber that we
are aware of that has ever faced a suitability-related case in the
US. Our tool helps to ensure best practice in the financial advice
process," he said.
MoneyGuidePro's Kevin Knull said,
"The upgraded FinaMetrica Version 2.0 will considerably improve the
advisor/client experience while evaluating current risk tolerance.
We are pleased FinaMetrica continues to innovate their risk
profiling tools to help investors better understand risk,
particularly given the current levels in the market."
About FinaMetrica
FinaMetrica specializes in risk tolerance and risk-related matters.
The FinaMetrica risk profiling system is based on a psychometric
test of personal financial risk tolerance. Psychometrics, a blend
of psychology and statistics, is the scientific discipline for
testing attributes such as risk tolerance. Launched in 1998, the
system is now used by 5,500 advisors in 23 countries in seven
languages. To date, more than 850,000 tests have been completed.
The FinaMetrica system enables advisors to make valid and reliable
assessments of their clients' risk tolerance, incorporate those
assessments into the financial planning process and explain risk
more meaningfully. More information: www.riskprofiling.com.
CONTACT
Tyler D. Nunnally
FinaMetrica US Strategist
tyler.nunnally@finametrica.com
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SOURCE FinaMetrica