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Totum - Reg BI Duty of Care

How Assessing Risk Capacity With Totum Helps Satisfy the Duty of Care Requirements of Reg BI

One of the key components of the Regulation Best Interest adopted by the SEC on June 30, 2020, is the Care Obligation. In referring to this obligation, the SEC states that when making a recommendation, a broker-dealer “must exercise reasonable diligence, care, and skill when making a recommendation to a retail customer….” This stipulation is broken down …

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Totum Reg BI

How A Proper Risk Capacity Score Helps Broker-Dealers Meet Reg BI Requirements

The Regulation Best Interest (Reg BI) rule set out by the SEC on June 30, 2020 means broker-dealers and their associated persons who are natural persons must prove that they’re acting in the best interest of their retail customers. The regulation consists of 4 components, which are: 1-Disclosure: Broker-dealers must disclose, in writing, all material facts …

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Totum Integration

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, …

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Totum by TIFIN

Take the Full Measure of Your Client’s Investment Risk – Featured on AdvisorHub

Financial advisors often don’t gain a complete picture of client risk. By using a fact-based approach to look at risk capacity, advisors can address that problem.   As a financial advisor, assessing your clients’ tolerance to take on portfolio risk is a critical step in creating a suitable asset allocation and financial plan for them.  Traditionally, …

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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 …

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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 …

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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 …

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Totum is now an approved vendor of Advisor Group

We are excited to partner with Advisor Group as an approved risk profiling vendor to its network of firms including FSC Securities Corporation, Royal Alliance, SagePoint Financial, Securities America, Triad Advisors, and Woodbury Financial. Advisors within Advisor Group can now access our unique, fact-based risk tolerance platform to better understand their clients.  Schedule a demo to …

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Risk Profiling Questionnaire

TIFIN Group Buys Totum Risk, Financial Planning Tech To Launch New Platforms

Boulder, Colo.-based The TIFIN GROUP, a fintech holding company, announced today that it has added two new technology providers to its portfolio, including the risk profiling firm Totum Risk. The acquisitions also include a personal financial planning offering, myFinancialAnswers. Additional details of the acquisition were not announced. “TIFIN’s operating companies are building innovative fintech products …

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