Totum Risk: Thinking Outside the Box of "Just FinTech" FintekNews

Up until now, all risk tolerance questionnaires were based on risk preference, or how much risk a person wants to take. Their product also scores how much risk a person can take based on their current life situation, which is called risk capacity. Using algorithm-based quantitative models that are accurate enough to hold up in arbitration, these 2 scores are weighed against the client's current portfolio to assist the advisor in selecting the right portfolio mix. We talked to Larry Shumbres, CEO of Totum Risk, and found out what makes their approach unique. Larry became CEO of the company in September 2017.