Financial Services Beyond Banking: Risk Tolerance Measures for Portfolio Investors

Joseph C. Paradi, H. David Sherman and Fai Keung Tam
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Joseph C. Paradi: University of Toronto
H. David Sherman: Northeastern University
Fai Keung Tam: University of Toronto

Chapter Chapter 18 in Data Envelopment Analysis in the Financial Services Industry, 2018, pp 313-325 from Springer

Abstract: Abstract Most industrialized nations have “know your customer or client” (KYC) regulations as part of the due diligence requirements placed on investment dealers and advisors. There are generally three parts to implementing KYC rules: (a) determining a client’s risk tolerance, (b) understanding the risk/return attributes of available investments, and (c) using the information from the first two parts to suggest suitable investments and portfolios for clients.

Keywords: Risk Tolerance; Ardehali; Decision-making Unit (DMU); Slacks-based Measure (SBM); Risk aversionRisk Aversion (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/978-3-319-69725-3_18

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