How to Set Up a Risk Profiler

A risk profiler helps you understand a client's risk tolerance before you recommend investment options. The Setup Risk Profiler page lets you use the default questions as they are, or edit them and add your own. This article walks through each part of the page.

Where to find the Setup Risk Profiler page

In the left menu, click Risk Profiling to expand it. It has three options: Submissions, Setup Risk Profiler and Status Report. Click Setup Risk Profiler.

The page opens with a note that a default set of questions is provided and that you may edit them or create your own set.

Edit a question and its options

1. Click in the question field and change the question text.
2. For each option, edit the text in the left box and the score in the box on the right.
3. To add an option, click + Add Option below the options.
4. To remove an option, hover over it and click the red X that appears.

In the default set, an answer that shows more willingness to take risk carries a higher score. Keep your scores consistent with this, so that a higher total reflects a higher risk tolerance.

Add a new question

Click Add Question below the last question. A blank question appears at the bottom with empty option and score fields. Enter the question text, then add the options and their scores.

Set the score mapping

The Risk Profile and Score mapping panel on the right shows five risk categories and the score range for each. Conservative covers scores of 5 or less. Moderately Conservative covers scores above 5 up to 20. Moderate covers scores above 20 up to 25. Moderately Aggressive covers scores above 25 up to 30. Aggressive covers scores above 30.

To change a range, edit the number in its box. Make sure the ranges cover every score your questions can produce, so that each possible total falls into a category.

Set the validity period

At the top of the questions, enter the Validity Period in months. The default is 12.

Save the questionnaire

Click Save at the bottom of the page. A Request Successful message appears after saving.

Download a blank questionnaire

Under the score mapping panel, click Download Blank Questionnaire. A printable form titled Risk Tolerance Questionnaire opens in a viewer. The top of the form shows the broker's name and contact details. It has fields for Name, Phone, Email, Date of Birth, PAN, Address and IP Address, followed by the questions with checkboxes. Use the download or print icons in the viewer to save or print the form.

Track clients on the Status Report

Go to Risk Profiling and click Status Report. The page has four tabs, each showing a count: Pending, Expired, Link Sent and Successfully Submitted. Below the tabs is a client list showing the date the client was created, client name, email, RM, sub broker and AUM.

Select clients one by one, or use Select All or Select All Non Zero AUM Clients, then click Send Link. The Link Sent tab shows clients to whom a link has been sent, and the Successfully Submitted tab shows those who have submitted the questionnaire.