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FinaMetrica Receives Risk Profiling Solution Award

Family Wealth Report Honors Pioneering Firm Offering Valid, Reliable and Accurate Risk Assessment Tool

SYDNEY, March 28, 2014 /PRNewswire-iReach/ -- FinaMetrica, the leading psychometric risk profiling software provider for financial advisors, has received the Risk Profiling Solution Award by Family Wealth Report in the US market. Winners in all award categories were announced at the gala awards dinner, which was held on March 13, 2014 at the Metropolitan Club in New York City.

(Photo: http://photos.prnewswire.com/prnh/20140328/MN93106)

Showcasing "best of breed" providers in the global private banking, wealth management and trusted advisor communities, the Family Wealth Report Awards recognize companies, teams and individuals, which the prestigious panel of judges deem to have "demonstrated innovation and excellence during 2013." 

"FinaMetrica's risk profiling solution has attracted widespread international acclaim and usage," said FinaMetrica Co-founder Geoff Davey. "The web-based risk tolerance test operates in 23 countries and is offered in seven languages. The test is easy to do and takes respondents just 15 minutes to complete. The respondents risk tolerance report is produced immediately, with a score of between 1 and 100. Unlike other inferior competing products, FinaMetrica's test is objective and backed up by statistical analysis that makes it valid, reliable and accurate."

Commenting on the firm's award, FinaMetrica Co-founder Paul Resnik said, "We are delighted to be recognized by Family Wealth Report for our risk profiling solution. Advisers tell us that getting risk tolerance right is critical to their clients' successful investment experience. We have developed our test and risk communications in conjunction with some of the most successful professional advisors and academics on the planet. The FinaMetrica methodology has been designed to ensure clients have the best investment experience possible despite the tribulations of the markets."

According to ClearView Financial Media's Managing Director, and Publisher of Family Wealth Report, Stephen Harris, "These awards are judged solely on the basis of entrants' submissions and their response to a number of specific questions, which had to be answered focusing on the client experience, not quantitative performance metrics.  That is a unique, and I believe, compelling feature.  These awards recognize the very best operators in the private client industry, with 'independence', 'integrity' and 'genuine insight' the watchwords of the judging process – such that the awards truly reflect excellence in wealth management."

OTHER PENDING HONORS

FinaMetrica's risk profiling system has also been short-listed as a finalist in ClearView's WealthBriefing Awards 2014 for Switzerland & Liechtenstein and its separate European awards. Those awards will be presented on April 3 and May 15, respectively. FinaMetrica has entered its solution in the Risk Profiling Solution categories.

FinaMetrica has also entered its solution in ClearView's WealthBriefing Asia 2014 Awards for Singapore and Hong Kong and the inaugural WealthBriefing Gulf Cooperation Council (GCC) Region Awards 2014. Finalists have yet to be announced for those three awards.

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 advisers in 23 countries in seven languages. More than 650,000 profiles have been completed. The FinaMetrica system enables advisers 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.

About ClearView

ClearView Financial Media was founded by Managing Director Stephen Harris in 2004, to provide high quality "need to know" information for the discerning private client community.  London-based, but with a truly global focus, ClearView publishes the Family Wealth Report group of newswires, along with research reports and newsletters, while also running a pan-global thought-leadership events program. With teams based in New York, London, Hong Kong, Switzerland, South Africa and the Philippines, the company is one of the fastest-growing media groups serving the financial services sector. Details about the 2014 US awards can be found in the PD linked here: http://www1.wealthbriefing.com/awards/Mediapacks/FWRAwards2014MediaPack%20-%2031%20July%202014.pdf

Media Contact: Leslie Swid, Impact Communications, 913-649-5009, [email protected]

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SOURCE FinaMetrica

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