Totum

Featured

Why not having the right API strategy is not just a poor business decision, it is a client retention issue for fintechs

The Era Of Walled SaaS Gardens Is Dead Not too long ago, software platforms could live in isolation. They were built as complete waterfall technologies that served specific broad sets of needs for their clientele. Rarely, did these platforms have a need to cross-pollinate or connect with parallel or competing technologies. Then as services fragmented, …

Why not having the right API strategy is not just a poor business decision, it is a client retention issue for fintechs Read More »

Portfolio Risk

How Today’s Portfolio Risk Assessment Tools Rely On AI and Big Data To Better Serve Their Clients

Traditionally, advisors were only able to capture inputs directly from their clients. This information was often very subjective and relied heavily on the clients’ feelings about investing and risk. Fact-based questions were often limited to a small set of questions, such as time horizon and availability of assets.  Even still, these “facts” were vulnerable to …

How Today’s Portfolio Risk Assessment Tools Rely On AI and Big Data To Better Serve Their Clients Read More »

Online risk tolerance questionnaire

Why Today’s Modern Advisor Needs Their Online Risk Tolerance Questionnaire To Be Part of an Integrated Fintech Platform

Gone are the days a risk assessment should be conducted on paper or in a spreadsheet. These processes are cumbersome, slow, and prone to inaccuracies. Recognizing these problems, the founders of Totum by TIFIN spent over five years creating a tool that integrates with leading broker-dealers and custodians, as well as complimentary fintech partners. We …

Why Today’s Modern Advisor Needs Their Online Risk Tolerance Questionnaire To Be Part of an Integrated Fintech Platform Read More »

How the Right Risk Profiling Can Help You Close Clients (No, Really!)

As discussed in our article Traditional Risk Tolerance Questionnaires Lead to Inaccurate Risk Appetite, risk tolerance questionnaires help mitigate biases and emotional subjectivity in investing decisions. But risk profiling through Totum takes it a step further. Unlike other questionnaires that only provide one aspect of risk at a time, our platform calculates risk capacity, risk …

How the Right Risk Profiling Can Help You Close Clients (No, Really!) Read More »

If You’re Only Looking at Traditional Risk Tolerance, You’re Missing More Than Half of the Equation

At Totum, we’ve introduced a better way to quantify risk.  The usual risk tolerance questionnaire for advisor includes questions about how your client feels about money and investing. This score has traditionally been the predominant, if not the sole, factor in creating a portfolio for clients.  This risk tolerance methodology was a great first step …

If You’re Only Looking at Traditional Risk Tolerance, You’re Missing More Than Half of the Equation Read More »

Totum Risk Preference

Why Traditional Risk Tolerance Questionnaires Lead to Inaccurate Risk Appetite

As an advisor, you have probably been relying on financial risk tolerance questionnaires to assess a client’s risk preference. Then, depending on the client’s answers, you gear the portfolio to a more or less aggressive approach.  The problem with this method is that the questions weigh heavily on how a client generally feels about investing …

Why Traditional Risk Tolerance Questionnaires Lead to Inaccurate Risk Appetite Read More »