The Risk Allocation tool allows you to better understand your clients' Tolerisk scores by allowing you to differentiate risk by tax status and visualize how their risk level can be spread across their accounts.
To access the Risk Allocation tool -
- Click into the Risk Assessment that you want to work with. This can be accessed through the "Clients" or "Risk Assessments" tabs.
- Then, click the "Results" section denoted by the star icon on the top right side of the web page.
- On the results page, you will see the "Risk Allocation" tab located in the list on the right side of the page.
Some details about the Risk Allocation section -
- This feature is particularly useful if you have clients with multiple accounts that you manage.
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This tool mathematically distributes risk by tax status by analyzing the chronology of expected distributions.
- Accounts that you populate in the "Assets Worksheet" on the "Ability" page will show up here.
- Unmanaged accounts can be denoted by the "graph" icon.
The video below will look at a specific example to give you more insights into this feature -