Not exact matches
Clients are incredibly
risk averse, especially when working with someone for the first time.
To highlight the differences in how men and women approach their financial commitments, research conducted last year by the Barclays Wealth Female
Client Group showed that wealthy women, across the world,
were less
risk averse than men when it came to their investments.
As a case in point, my most conservative
client — a gentleman so
risk averse that even the possibility of a 10 % peak - to - trough loss
was anathema to him — informed me in January that he would
be closing his accounts with me because I refused to aggressively buy tech stocks and Bitcoin on his behalf.
You won't make as much in terms of commissions (20 basis points per year vs 5 % upfront and 0.5 % in trailers) but your
risk averse clients will
be far better served.
After determining whether you
are in fact a very
risk averse conservative investor or a highly
risk tolerant «aggressive growth» investor, or a balanced investor halfway between these extremes, an adviser would generally try to match the
client risk profile to the stated long - term investment goals; then he or she would find the investment solutions that will achieve those goals without subjecting the investor to more
risk than they
're equipped to tolerate.
While firms
are not equally
risk positive or
averse, a firm's willingness to accept
risk provides a useful litmus test that can help instruct the
client whether it has realistically assessed the strength of the case.
I don't dispute the value of focus, but I would leave a little room for the
risk averse in advising to bet the farm, or the law practice, on a narrow estimate of what will turn out to
be appealing to (potential)
clients.
In the past,
risk -
averse firms have looked to minimize compliance and legal
risks by prohibiting text messaging, but this
is not only unsustainable for a workplace which continues to grow more mobile, it limits how and where advisors communicate with
clients.
Risk is a major concern for Arai - Ito's clients, she says: «Since Japanese investors are risk averse, I advise Japanese clients what risks are involved and how to mitigate those risks,» anti-corruption being a particular conc
Risk is a major concern for Arai - Ito's
clients, she says: «Since Japanese investors
are risk averse, I advise Japanese clients what risks are involved and how to mitigate those risks,» anti-corruption being a particular conc
risk averse, I advise Japanese
clients what
risks are involved and how to mitigate those
risks,» anti-corruption
being a particular concern.
Even when a trial has excellent prospects, a
risk -
averse client may
be scared into early settlement.
Your niche areas might
be in specific industries, types of transactions,
client type (think: busy,
risk -
averse entrepreneur; analytical CFO; physiotherapists who rehabilitate the injured) or even a convenient under - served geographic location if you
're a general practitioner.
When the very notion of accessing software applications on the cloud hit the legal profession — let alone cloud - based data storage and retrieval — most law firms reacted in a predictably
risk -
averse manner: That
's interesting, but what
is the data security exposure to the firm, the confidentiality
risks to
clients, the liability insurance coverage implications?
Whether in litigation or transactions, there
are repeatable steps on the critical path to success and excess steps that may
be deemed helpful or necessary by
risk -
averse lawyers, but
are not statistically relevant to
risk - taking
clients.
Cue additional clichés: lawyers
are risk averse;
clients don't want this; partners can't understand
AI and so on.
The
clients focusing on shadow hours
are risk -
averse, and law firms could develop special fee arrangements to cater for these kind of
clients.
«Retail banks
are risk averse and geared toward a different set of
clients than what
is typically asked for from an exchange,» Shtylman told PaymentsSource.