Profiling client risk
All investments entail some degree of risk, regardless of how safe they appear to be, and each client has an acceptable level of risk tolerance that can change significantly throughout his or her life. Unfortunately, many wealth management services tend to pigeonhole clients into a few general risk categories: cautious, balanced or adventurous.
PK Dryden Associates believes that this over-generalization of clients’ risk tolerance represents poor stewardship and is unacceptable. Each client is different, and far too many variables are at play to make such an oversimplified evaluation.
With each new client, we conduct a thorough assessment to determine their particular risk profile. Furthermore, we regularly review this profile to make sure that a client’s portfolio is properly risk-balanced according to his or her changing circumstances and attitude. Our goal is to minimize risks and thereby preserve and protect wealth without limiting the potential for growth.