Skip to content
The blog below is part of our 10th anniversary celebration at DataPoints. Firm Name: Radix Financial Year Founded: 2015 Firm Focus: Investment Management for global high-net-worth families Assessment used: Investor Profile RTQ How has your firm benefited from implementing assessments or other aspects of financial psychology? Using assessments allows us to intentionally pivot the focus of our meetings away from performance or benchmark conversations and toward goals and actions we can control. What’s the most significant …
Some Clients Feel Fear, Anxiety, and Worry More Than Others The tendency to feel worry, fear, and anxiety is normally distributed. Practically, this means that some of your clients will tend to experience these negative emotions more frequently than others, regardless of your efforts to help them become “fearless” investors, budgeters, etc. We refer to the tendency to feel negative emotions in an investing context as volatility composure, and it is related to neuroticism (also …
Clients have various characteristics that influence their investment decisions. Many advisors understand that a significant part of the value of working with clients is helping them manage their mindset when it comes to investing. However, understanding investor psychology requires knowing what to measure. In the following text, we will examine several characteristics that can influence a client’s overall investor psychology, also known as behavioral risk tolerance. By measuring investor personality, advisors can identify which …
Knowledge is power, and the basis of all knowledge is having the right data. Datapoints (or, data points, if you like) are the smallest form of data. Think of them like information atoms. Alone, they’re seemingly small and insignificant. But when you combine them, you can discover trends, uncover essential information, and better understand the world around you. These minuscule particles of information can be essential to learning about others and ourselves. Here’s what …
Earlier this month (September 2023) the team at Kitces.com released its 2023 financial advisor technology usage report titled Kitces Report: The Technology That Independent Financial Advisors Actually Use (And Like). (Download the Report here.) The Kitces Report provides a detailed analysis of data compiled from roughly 1,400 independent financial advisors’ responses regarding the technology applications they use (and don’t use) in their practice. Advisors rated their perceptions of value and satisfaction for the various …