Introduction:
In the financial advisory industry, understanding and managing client risk profiles is crucial for providing tailored investment advice. MADOSX, a comprehensive platform offered by Vijya Fintech Pvt Ltd, provides powerful features for creating risk profiles and tagging them to clients. In this article, we will walk you through a step-by-step guide on how to master risk profiles and effectively tag them to your clients in MADOSX. For detailed instructions and in-depth knowledge, please refer to the attached PDF guide.
Creating a Risk Profile:
To begin, log in to your MADOSX account and navigate to the Risk Profile Master section. Click on "Create Risk Profile" and enter the name of the risk profile you wish to create. This could be a pre-existing profile or a customized questionnaire.
Designing the Questionnaire:
Next, add questions to the risk profile by clicking on "Add Question." Provide the question text and add answer options with corresponding scores. Optionally, you can also upload images for each answer option. Save each question and continue adding more until you have completed the questionnaire. A well-designed risk profile typically consists of around 10-12 questions.
Scoring and Risk Types:
After creating the questionnaire, assign scores to each answer option based on the risk type it represents. For example, conservative, moderately conservative, balanced, moderately balanced, and aggressive. Ensure the scores align with the intended risk assessment. Save the scoring settings for each question.
Submitting and Approval Process:
Once you have completed the risk profile questionnaire, submit it for approval. An email will be sent to the client for their review and approval of the risk profile. Upon receiving client approval, the risk profile will be associated with their account.
Tagging Risk Profiles to Clients:
To tag the approved risk profile to a client, navigate to the client management section in MADOSX. Click on the client's name and select "Tag Risk Profile." Choose the client's name and select the approved risk profile from the list. Click on "Tag Risk Profile" to associate it with the client. Please note that once a risk profile is tagged, it cannot be modified or deleted.
Client Review and Approval:
After tagging the risk profile, clients will receive an email with a link to review and approve their risk profile. They can click on the link and follow the instructions to review and provide their approval. Once approved, the risk profile will be marked as "Approved" in the client's profile.
Conclusion:
Mastering risk profiles and effectively tagging them to clients in MADOSX is essential for providing personalized investment advice and maintaining compliance with regulatory requirements. By following the step-by-step guide provided in the attached PDF, you can confidently create risk profiles, assign appropriate scores, tag them to clients, and ensure the approval process is seamlessly completed. These features in MADOSX empower financial advisors and enable them to deliver tailored investment strategies that align with their clients' risk profiles.
Note: The information in this article is based on the features and functionalities of MADOSX as of the publication date. For the most up-to-date and accurate information, please refer to the official documentation and resources provided by Vijya Fintech Pvt Ltd.
Disclaimer: The content of this article is for informational purposes only and should not be considered as legal or professional advice. The use of MADOSX and its features should comply with the terms and conditions set forth by Vijya Fintech Pvt Ltd.