An Advisor’s Insurance Policy
Totum’s questionnaire is based on 11 questions and a shortened questionnaire for a website and mobile phones. Totum incorporated data mining and machine learning with over 99 pages of PhD designed algorithms and models on the back end to provide results that are accurate enough to hold up in arbitration. All questionnaires and scores are archived for compliance purposes.
After a financial plan is completed the advisor may realize the investor needs to take on more or less risk than what the risk scores provided. The advisor can then move the risk preference score to be more inline with the investors financial plan. This is also time stamped and archived with the advisors notes.
Totum is listed in the FINRA Compliance Vendor Directory
Totum covers the new SEC Best Interest Regulaiton