Pocket Risk is an online investment risk questionnaire for financial advisors assessing how much investment risk clients are willing to take. Its 15 questions cover financial goals, financial situation, risk tolerance and risk capacity. Clients can respond online or on paper; the service says online completion takes five minutes. It produces online and PDF reports, with personalized risk profiles shown through visuals and graphs. Advisors can connect client scores to model portfolios, with up to 11 portfolios available to add. Customization includes branding, additional questions and disclosures, and embedding the questionnaire on an advisor’s website. Pocket Risk says it integrates with Redtail CRM, with more integrations coming soon. It is available on web, iOS and Android, and includes investment planning, goal planning and a client portal. The service describes 256-bit encryption in transit over HTTPS, AWS infrastructure and daily backups. It says it does not pass questionnaires or client information to third parties, or sell or distribute client data. A 14-day free trial is available; no free plan is listed.
Who it is for
Pocket Risk suits financial advisors who want a structured way to assess client investment risk and produce reports. Branding, custom questions and model portfolios may also suit practices tailoring the questionnaire to their workflows.
What is good
- Questionnaire covers four areas in 15 questions.
- Clients can complete it online or on paper.
- Reports are available online and as PDFs.
- Supports custom branding and additional questions.
- Offers a 14-day free trial.
What to know first
- No free plan is listed.
- Cash-flow modeling is not included.
- Tax planning is not included.
- Integrations are limited to Redtail CRM in the listed facts.
Verdict
Pocket Risk focuses on client risk assessment, reporting and connecting scores to model portfolios. Advisors should note that it is not a broader cash-flow or tax planning tool, and its listed integration is Redtail CRM.
Get started with Pocket Risk
- Visit https://pocketrisk.com/.
- Start the 14-day free trial.
- Choose Solo, Professional, or Business based on the listed user and client allowances.
- Use the web, iOS, or Android platform.
- Customize the questionnaire or embed it on an advisor website.
Limits to know first
Solo allows one user and up to 80 clients; Professional allows three users and up to 500 clients. Business allows 10 users and unlimited clients. The trial lasts 14 days.
Questions about Pocket Risk
Does Pocket Risk have a free plan?
No. It offers a 14-day free trial.
What platforms does Pocket Risk support?
Pocket Risk is available on web, iOS, and Android.
Which plans are listed?
Solo is listed as 0.00 USD per year, billed per month and billed annually, for one user and up to 80 clients. Professional is listed as 0.00 USD per year on the same billing terms, for three users and up to 500 clients; Business is listed as 0.00 USD per year on those terms, for 10 users and unlimited clients.
Does Pocket Risk integrate with other services?
Its pricing page says it integrates with Redtail CRM.
Can advisors customize the questionnaire?
Yes. They can add branding, questions, and disclosures, and embed the questionnaire on an advisor website.
How long is the trial, and how can plans be canceled?
The free trial lasts 14 days. Monthly plans can be canceled at any time; yearly-plan accounts can be canceled within 30 days of payment.
Pocket Risk plans and pricing
All plansCompared on financial planning software
- Free plan
- No
- Cash-flow modeling
- No
- Goal planning
- Yes
- Tax planning
- No
- Scenario analysis
- No
- Insurance planning
- No
- Investment planning
- Yes
- Client portal
- Yes
