AM first to roll out IWL risk tool
By Nicole Szollos
AM Corporation has become the first customer to roll out an online risk profiling tool from IWL, offering it as the latest service available to advisers and clients via the AM Bureau.
The risk profiler comprises a questionnaire of 27 cross-reference questions created in conjunction with, and endorsed by, Monash University. It will be a free tool for all users, clients and advisers of the AM Bureau service.
AM Corporation Strategic Business Services national manager Paul Medcraft says the group spent more than a year looking for a suitable risk-profiling tool and, once found, were happy to wait for the IWL product to be completed.
“The IWL solution was a good fit with what we wanted to give our clients, and because AM uses other IWL services it was easy to build into the existing platform,” Medcraft says.
He says feedback from advisers using the service in a one-week trial before the risk profiler’s official launch has so far been strong.
The launch of IWL’s risk-profiling tool comes on the back of continued growth for the research group.
IWL has recently expanded its funds management research team with the internal move of David Parr, and the group is also searching for an additional member for both the funds management and Australian equities teams.
IWL is also taking an active role in the research of two areas of increasing interest for investors: hedge funds and small caps.
The group has begun a review of the hedge funds sector with the result expected to be released by the middle of February.
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
