FinaMetrica has won two more international awards for best ‘Risk Profiling Solution’ at the WealthBriefingAsia Awards for Singapore and Hong Kong. The awards recognise the best “technology solution to help wealth managers assess and document the risk appetite of clients.”
Showcasing ‘best of breed’ providers in the global private banking, wealth management and advisor communities, the awards recognise organisations and individuals who the judges deemed to have ‘demonstrated innovation and excellence during 2013’.
The awards reflect FinaMetrica’s drive to be recognised as the pre-eminent player in the competitive risk profiling space.
Commenting on the firm’s award, FinaMetrica Co-Founder Paul Resnik said: "We are delighted to have been voted winner of these two prestigious international awards. It is a testament to the hard work that the FinaMetrica team has put in over the last 12 months to enhance our market-leading investment suitability solution. Our service is now recognised as a 'best practice' solution to help advisers and wealth managers accurately assess and document risk and how to best match investments to the needs of clients."
“These awards, and other recent wins, recognise FinaMetrica as a global leader in this very competitive space,” said Mr Resnik.
The judges for the WealthBriefingAsia Awards for Singapore said FinaMetrica has a more structured approach and view of risk than other entrants.
“FinaMetrica shows consistent performance of product as evidenced by high repeat client rates and low risk assessment failure rates. FinaMetrica also shows a commitment to market-leading standards of risk assessment through adoption of Financial Conduct Authority (FCA) benchmarks,” the judges said.
These awards follow recent wins by FinaMetrica for the Switzerland and Liechtenstein region and in the US and Canada, where the firm won in the same category.
FinaMetrica’s risk profiling solution has attracted widespread international acclaim and usage. The solution, which is a web-based risk tolerance test, operates in 23 countries and is offered in seven languages. The test is easy to complete and takes respondents just 15 minutes to complete. A risk tolerance report is then produced immediately, with a score of between 1 and 100 assigned to respondents. FinaMetrica’s test is objective and backed up by statistical analysis that it is valid, reliable and accurate.
FinaMetrica’s test is objective and backed up by statistical analysis that it is valid, reliable and accurate. “Our risk profiling solution is now being used by 5,500 advisers in 23 countries across seven languages. This broad usage highlights that it is the world's pre-eminent risk profiling solution," said Mr Resnik.
The WealthBriefingAsiaAwards are run by UK-based ClearView Financial Media.