Does this growth questionnaire meet the FCA requirements for quality?

EV offers all the best practice elements that an adviser needs to ensure that investment recommendations can be made which are suitable to a client's risk profile. These are summarised in the table below.

FCA good practice recommendation	EV Growth Risk Profiler
Capacity for risk	Additional questions are included after the psychometric questionnaire to assess capacity for risk. These can be configured to meet advisers' requirements.
Clearly worded and easily understandable questions	All questions are trialled with target investors before being used in questionnaires to ensure that they are easily understood and unambiguous.
Information on investment objectives	We incorporate the term of the investment in the assessment of an investor's risk profile and goals can be set to see potential outcomes.
Clear descriptions of risk	EV communicates the income at risk in multiple ways through clear wording and forecasts of potential outcomes.
Sensitivity to answers to individual questions	Questions are trialled, and answers tested for consistency, with additional questions incorporated to reduce the sensitivity to the answer given to any one question.
Regular management information on the results of risk profiling tool	The EV psychometric risk questionnaire includes demographic information so that management information on the distribution of risk profiles is continuously available online in aggregate and by an individual firm or adviser
Regular updates of client risk profiles	A record of clients risk profiles is maintained and changes recorded over time.
Avoidance of wide risk bands that include clients with very different risk profiles in same risk band	The position of a client's risk profile in the risk band is shown and the probability of the client is in an adjacent risk band given.
Client engagement and understanding	EV offers alongside its psychometric risk questionnaire some quick and simple stochastic forecasting tools which can illustrate potential outcomes from investment solutions matching different risk profiles, and the effect this has on the level and sustainability of income over time. The whole risk assessment process is captured in a client report.
Investment recommendation consistent with client's risk profile	Stochastic modelling allows investment recommendations to be matched precisely to risk profiles with a clear definition of the boundaries for each risk profile.
Guidance on the use of risk profiling tools	Extensive information on the methodology used to construct a psychometric risk questionnaire is available together with a guidance note on how it should be used.