Confidence

Definition 

Confidence is a measure of how capable and comfortable an investor feels about their ability to make good financial decisions. 

Outputs 

Clients are given a Confidence score on a scale of three: Low, Medium and High. 

Client-facing descriptions for each level are shown below:

Confidence	Definition
Low	You have low confidence, which means you may have limited experience with investing, be relatively unaware of current market conditions, and might require more guidance or background information when considering your options.
Medium	You have medium confidence, which means you tend to be reasonably sure in your ability to make good financial choices, but may occasionally feel uncertain about the best course.
High	You have high confidence, which means you are generally happy making complex choices, considering a lot of information, and weighing many options.

How to use it 

Suitability Compass uses Confidence as part of the Knowledge & Experience assessment. 

Generally, clients with low Confidence may need more guidance and support when making financial decisions.