Pocket Risk

Pocket Risk is a risk profiling tool designed to assist professionals in the financial industry in evaluating the risk tolerance of their clients. According to the vendor, it offers a comprehensive risk assessment framework that aids financial advisors in making informed investment recommendations based on their clients' risk profiles. Pocket Risk is said to be suitable for companies of all sizes, ranging from small independent financial advisors to large financial institutions. This tool is commonly used by financial advisors, wealth managers, investment managers, retirement planners, and insurance professionals.

Key Features

Risk Profiling Questionnaire: According to the vendor, Pocket Risk provides an online risk tolerance questionnaire for financial advisors to assess their clients' investment risk tolerance. It is claimed to be compliant with risk profiling regulations and is supported by Nobel Prize-winning academic research.

Easy Assessment for Clients to Complete: The vendor states that clients can conveniently complete the risk profile questionnaire online or on paper, with an estimated completion time of approximately 5 minutes. They are provided with a private link to complete the questionnaire, and advisors receive immediate notification when clients finish.

Academic and Compliant Questionnaire: The vendor claims that Pocket Risk offers a robust risk profiling process designed based on academic research and regulatory guidelines. It covers risk capacity, client financial goals, and behavioral finance, aiming to ensure compliance with all risk profiling regulations.

Recommend the Right Investments: According to the vendor, Pocket Risk allows financial advisors to link the final risk score to model portfolios, enabling the identification of suitable investments for clients. It is said to assist advisors in recommending the most appropriate investment solutions based on clients' risk profiles, providing clear insights for tailored solutions.

Insightful Reporting: The vendor states that Pocket Risk generates personalized and comprehensive risk profile reports for clients, featuring clear visuals and graphs to educate both clients and advisors. These reports are claimed to provide insights into clients' risk profiles and preferences, facilitating insightful conversations and fostering fruitful relationships.

Connect Model Portfolios to Risk Scores: According to the vendor, advisors can connect up to 11 model portfolios with different asset classes to the risk scores. The risk score is said to correspond to the appropriate portfolio, allowing advisors to analyze the results and make informed investment decisions aligned with clients' risk profiles.

Secure and Compliant: Pocket Risk is claimed to be built to comply with all major financial regulators, offering a secure and compliant risk profiling platform. The vendor states that it meets regulations in multiple countries, reducing compliance risk for financial advisors.

Mobile Friendly: According to the vendor, Pocket Risk features a user-friendly design optimized for mobile devices. Clients can conveniently complete the risk questionnaire on their preferred device, making it accessible anytime and anywhere.

Customizable and Integrations: The vendor claims that advisors can customize the questionnaire by adding their own questions and disclosures. They can also add their logo and branding for a personalized experience. Pocket Risk offers integrations with Redtail CRM, with more integrations planned for the future.