With risk tolerance considered the Rorschach test in the investment world, it is hard to capture the right information with any kind of questionnaire, says Eleanor Blayney, [CFP®,] the consumer advocate for CFP Board, a non-profit trade group for CERTIFIED FINANCIAL PLANNER[™ professionals].
"I prefer online tools that ask financial planning questions -- not investment questions -- to determine what might be needed in retirement and then suggest a portfolio allocation," she says. "That makes more sense than leaving it up to a slider button." Read more >
November 21, 2013