How has the SORT test been revised for investors?
So that CFP’s and their clients will have the same understanding of their risk tolerance! Just like clients in the management-consulting field, and clients in the family practice, individual investors need the understanding of what their risk tolerance is so that they can work toward realizing their goals. Now Financial Planners and their investment clients can have the same understanding of what their client’s risk tolerance is. When both the Financial Planner and investor take the SORT Test and have access to the their test scores, then both parties understand what coping strengths operate in the investing relationship.
