You can build or upload models in Tolerisk, and use them to recommend portfolios to your clients and prospects based on their Tolerisk scores.
Tolerisk enables its users to create their own Allocation models. To create one -
- Navigate to the "Allocation Models" page located on the menu at the left side of the website.
- Select "Create New Model" and proceed to choose a name and model method
- Once the model is created, you are able to add funds and adjust the percentage of the allocations based on the participant's Tolerisk Score.
- Each column is a different Tolerisk Score made up of different fund allocations' weights.
- Each row represents a different fund in your portfolio with assigned weights for each column.
- Once you enter your funds and weights, you can generate scores for your allocations and make recommendations to your clients. Remember that you can only Score the Portfolio If all your securities are tickers or existing Portfolios in Tolerisk.
Recommended Asset Allocations for your clients -
- If you go to the results page of an assessment, you will see a section labeled “asset allocation.”
- Here, you will see a dropdown listing all the allocation models you have created.
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Once you select a model, you will see a recommended allocation appear on this page, corresponding to the Tolerisk score generated for this particular assessment.
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Allocation models can also be linked to Employer Plan Models (Tolerisk 401k). To do this, check the “Employer Plan Model” box for the model you want to include in your Employer Plan. Once you do this, head to the “Employer Plans” section and select a plan. When you click on "Edit Plan Details", you will see the marked models appear in the dropdown. Once you select the marked model, it will be reflected in your clients' Employer Plan reports.
The video below goes through the "Allocation Models" section in more detail -