Willingness Vs. Ability

IPS Section: It says when willingness and ability to assume risk are in conflict, go with willingness unless it has a negative effect on the portfolio, in that case you would go with Ability. I find it confusing, anyone can give some benchmarks? Thanks

Respect your client’s wishes. If they want to lose their pants, your job is to take the pants off of him.

ahahahhaahah good one ph, i was expecting a serious answer but it’s all good. I wonder if anyone actually follows these rules in reality, i really doubt. No one can tell a gambler stop playing, it’s more money in the casino’s pocket.

as long as they don’t sue you for that, every answers are all good.

If there is a conflict, choose willingness and advise counselling. Negative effect on portfolio is where client wants to be overly aggressive (conservative) when their portfolio/circumstances dictate otherwise.