# Risk Profiler

Assess a client's attitude to risk. {.sub-title___devsite}

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- [Overview](#overview)
- [Key Features](#key-features)
- [Use Cases](#use-cases)
- [Methodologies](#methodologies)
- [Related Information](#related-information)

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## Overview

The Morningstar Risk Profiler is an industry leading methodology that measures an investor's tolerance for risk. The Risk Profiler API allows firms to integrate this capability into digital platforms, advisor tools, or onboarding workflows—helping ensure that clients are matched with investments aligned to their risk profile.

Using this API, businesses can collect client responses, generate risk and suitability scores, and produce fully branded, compliant risk tolerance reports. This enables advisors and platforms to make personalized, risk-aware recommendations at scale.

## Key Features and Capabilities

- **Risk Tolerance Scoring**   
    Instantly calculate a psychometric risk score based on client responses. Optionally submit an "agreed" score after advisor-client discussions.

- **Suitability Score Calculation**   
  Combine risk tolerance, experience, knowledge, and time horizon data to generate a holistic suitability score using Morningstar’s Professional Judgement Matrix.

- **Risk Comfort Range Mapping**   
    Generate portfolio risk comfort ranges for client's risk score and best-fit risk score ranges for custom model portfolios.

- **Configurable Portfolio Judgement Matrix (PJM)**   
  Use either the default or custom PJM configuration to refine suitability scoring based on internal rules or regional regulations.

- **Response History Retrieval**   
    Access the full history of submitted responses for audit trails, compliance needs, or client reviews.

- **Professional-Grade Reports**   
Export risk tolerance reports in JSON or branded PDF formats for both internal use and client-facing documentation.

<div style="max-width:800px;width:90vw;margin:2rem auto;">
  <iframe
    src="https://developer.morningstar.com/content/hidden-from-navigation/morningstar-risk-tolerance-report-example.pdf"
    title="Example PDF"
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    loading="lazy"
  ></iframe>
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## Use Cases

- **Client Onboarding**   
    Quickly assess new clients’ risk preferences to streamline account setup and product recommendations.

- **Portfolio Recommendations**   
    Match clients with investment portfolios tailored to their individual risk profiles and suitability range.

- **Advisor Enablement**   
    Support face-to-face or remote advisory sessions with structured scoring tools and reports.

- **Compliance & Auditing**   
  Store and retrieve response histories to ensure regulatory compliance and maintain a clear audit trail.

- **Digital Investing Platforms**   
Embed psychometric risk assessments into self-guided digital journeys or robo-advisor workflows.


## Methodologies

Morningstar’s risk assessment framework is grounded in rigorous research and validated methodology. For more information, see the following methodology documents:

- [Morningstar Risk Profiler Methodology](/content/hidden-from-navigation/MorningstarRiskProfilerMethodology_v4.pdf)
- [Morningstar Portfolio Risk Score Methodology](/content/hidden-from-navigation/MorningstarPortfolioRiskScoreMethodology.pdf)
- [Morningstar Risk Comfort Range Methodology](/content/hidden-from-navigation/MorningstarRiskComfortRangeMethodology_v4.pdf)
- [Morningstar Risk Profiler Psychometric Methodology](/content/hidden-from-navigation/MorningstarRiskProfilerPsychometricMethodology_v4.pdf)


## Related Information

- [API Reference](/direct-web-services/documentation/direct-web-services/risk-profiler/api-reference)
- [OpenAPI Specification](/direct-web-services/documentation/direct-web-services/risk-profiler/openapi-specification)