ProQuest rolls out risk profiling in the US
Web-basedrisk profiler ProQuest has rolled out its risk profiling system in the United States (US) and claims it is already dealing with a steady stream of interest.
ProQuest managing director Geoff Davey says the group has always seen its system as having a global market. In 1998, the group applied for a US Patent, and made US visits in 1999 and 2001.
Davey says US financial planners, like ProQuest’s existing Australian users, now have a tool to address the issues of risk tolerance.
He says what is exciting is the fact that a wholly Australian owned and operated company is now exporting financial planning expertise to the world’s biggest and most advanced financial services market.
Davey says critical to ProQuest’s acceptance in the US has been the development over the past six months of ‘Risk and Return Guide and Charts’ that map more than 20,000 completed risk profiles for 30 years of US investment market performance.
ProQuest launched its system in the US on June 1, with an introductory annual subscription offer of US$395 per adviser. US subscribers are currently being drawn from those who discovered ProQuest on the Web or by word of mouth.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
