Risk Profiling and Tolerance: Insights for the Private Wealth Manager
112 Pages Posted: 16 Oct 2018
Date Written: June 2018
Abstract
If risk aversion and willingness to take on risk are driven by emotions and we as humans are bad at correctly identifying them, the finance profession has a serious challenge at hand—how to reliably identify the individual risk profile of a retail investor or high-net-worth individual. In this series of CFA Institute Research Foundation briefs, we have asked academics and practitioners to summarize the current state of knowledge about risk profiling in different key areas.
Suggested Citation: Suggested Citation
Klement, Joachim, Risk Profiling and Tolerance: Insights for the Private Wealth Manager (June 2018). CFA Institute Research Foundation Publications, June 2018, Available at SSRN: https://ssrn.com/abstract=3247803 or http://dx.doi.org/10.2139/ssrn.3247803
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