pain point: this has always been either a manual process or a tool that lives outside of the core financial planning process, which doesn't make sense.

request: integrate into Kerdora a questionnaire that gauges a client's risk TOLERANCE. It can be the Grable-Lytton scale or something more simple like Michael Reynolds CalibrateIQ.

the benefit Kerdora can then add is to also calculate the clients risk CAPACITY and risk REQUIRED. This would be similar to https://www.riskprofiling.com/How-it-Works.

Risk Tolerance is the level of financial risk the client is emotionally comfortable with.

Risk Capacity is the level of financial risk the client can afford to take.

Risk Required is the risk associated with the return required to achieve the client's goals from the financial resources available.

having these three overlapping venn diagrams would then allow for an interesting conversation at the intersection between them. The client might have a very high risk tolerance and capacity but the plant needs almost no risk required (near retirement tech exec perhaps). Alternatively, a client might have a low risk tolerance with high risk capacity and risk required (fearful young accumulator).

Kerdora should be able to calculate the risk capacity and risk needed from the financial plan whereas risk tolerance would have to be a questionnaire.

These would actually be fruitful conversations to have with a client rather than just throwing them into a standard risk tolerance questionnaire. The financial advisor should be able to override any of the sections if needed then an automated ISP should be generated with the ability to easily flag which accounts it applies to.

The risk tolerance would be global per client/household but risk capacity/required would be specific to each investment goal.