Risk Tolerance Questionnaire

Risk Tolerance Questionnaire
Name*

First NameLast Name
Email*
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1. When do you expect to begin taking withdrawals from your investment account that would decrease your tolerance for risk (not including RMDs, low, or nominal withdrawal amounts?*

Less than 2 years (0).2 years (1) .3 to 4 years (3).5 to 7 years (7).9 to 10 years (9).More than 10 years (11).
2. Once you begin withdrawing money from your investment account, how long do you expect the withdrawals to last?*

I plan on taking a lump sum distribution (0) .1 to 4 years (2).5 to 7 years (4).8 to 10 years (5).More than 10 years (6).
3. Which of the following choices best reflects your attitude towards inflation and risk?*

Yes, it is highly important, and it must be the same amount on a regular/scheduled basis (0).It is important to receive money from my account, when needed, but growth of my portfolio is also an important factor (6).It is not important, and growth of my portfolio is the primary goal (11).My main goal is to maximize my portfolio value, and I am willing to take on more extreme levels of risk and performance shifts in my portfolio to do so (17).
4. The table above presents a hypothetical worst case loss, expected gain, and best case gain of five sample portfolios over a one-year period with an initial $100,000 investment. Which portfolio would you prefer to hold?*

Portfolio 1 (0).Portfolio 2 (4).Portfolio 3 (8).Portfolio 4 (12).Portfolio 5 (17).
5. Investing involves a trade-off between risk and return. Which statement best describes your investment goals?*

Protect the value of my account. In order to minimize the chance for loss, I am willing to accept the lower long-term returns provided by conservative investments (0).Keep risk to a minimum while trying to achieve slightly higher returns than the returns provided by investments that are more conservative (5).Focus more on the long-term investment returns. Long-term growth is equally as important as managing portfolio risk (10).Maximize long-term investment returns. I am willing to accept large and sometimes dramatic short-term fluctuations in the value of my investments (17).
6. Historically, markets have experienced downturns, both short-term and prolonged, followed by market recoveries. Suppose you owned a well-diversified portfolio that fell by 20% (i.e. $1,000 initial investment would now be worth $800) over a short period, consistent with the overall market. Assuming you still have 10 years until you begin withdrawals, how would you react?*

I would not change my portfolio (16).I would wait at least one year before changing to options that are more conservative (10).I would wait at least three months before changing to options that are more conservative (5).I would immediately change to options that are more conservative (0)
7. The above chart shows the hypothetical best and worst results of five sample portfolios over a one-year holding period. Note that the portfolio with the highest upside also has the largest downside. Which portfolio would you prefer to hold?*

Portfolio A (17).Portfolio B (13).Portfolio C (9).Portfolio D (5)Portfolio E (0)
8. I can tolerate investments that may frequently experience large decline in value if there is a potential for higher returns. What is your view regarding this statement?*

Strongly disagree (0).Disagree (5).Somewhat agree (9).Agree (13)Strongly Agree (16)
Score
The risk tolerance questionnaire presented is available through a license agreement between Morningstar Investment Management LLC and Cetera Financial Group, Inc. and is provided for educational purposes only. Its sole purpose is to assist you in determining your general attitudes towards investment risk. This questionnaire does not consider all factors necessary in making an investment decision (e.g. personal and financial information and investment objectives). In no way should this questionnaire be viewed as advice or establishing any kind of advisory relationship with Morningstar Investment Management LLC. Morningstar Investment Management LLC does not endorse and/or recommend any specific financial product that may be used in conjunction with the asset allocation models that are presented. Please consult with your financial professional and obtain the financial product's prospectus (or its equivalent) and read it varefully prior to investing. Morningstar Investment Management LLC is a registered investment adviser and subsidiary of Morningstar, Inc. Morningstar Investment Management is not affiliated with Cetera Financial Group, Inc. or its affiliates.

Securities offered through Cetear Advisor Networks LLC (doing insurance business in CA as CFGAN Insurance Agency LLC), member FINRA/SIPC. Advisory services offered through Cetera Investment Advisors LLC, a registered investment adviser.

Advisory services may only be offered by investment adviser representatives in conjunction with the firm advisory services agreement and disclosure brochure as provided.
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