VERY LOW RISK

You are unlikely to want to take any risk with your capital.
You will generally prefer cash-based products, such as building society accounts and national savings.
You regard the security of your money as paramount — more so than the buying power of the money (although this power would be
gradually eroded by inflation).

LOW—MEDIUM RISK

You are likely to be cautious and concerned about security of capital, but understand the need to protect it from the effects of inflation.
You are prepared to accept a small amount of risk in order to achieve modest returns.
You are unlikely to ever invest in direct shares, but you are comfortable with collective investments, some of which may be invested internationally.
You understand the basics of risk and reward and know that your investments will fluctuate in value. You accept it may be necessary to
sacrifice some of the money you invest for the prospect of better long-term growth.

Medium Risk

You are prepared to take some risk in order to achieve your financial goals, seeking a balance between safety and investment growth potential.
You are likely to want to invest in a way that does not expose all your capital to riskier investments, since you do not like extreme volatility.
You are likely to want to have a spread of investments, some of which may be outside the UK.
You understand risk and reward and know that your investments will fluctuate in value. You accept it may be necessary to sacrifice some
of the money you invest for the prospect of better long-term growth.

Upper Medium Risk

You are likely to be familiar with investing and already hold a proportion of your wealth in non-cash assets.
You are prepared to accept the higher levels of risk associated with direct equity investments as you seek a balance between conservative
and higher returns.
You are likely to want to have a spread of investments, some of which may be outside the UK.
You are familiar with most asset classes and are aware of the general risks associated with each of them.
You fully understand risk and reward and know your investments will fluctuate in value. You accept there’s a real risk of loss of capital, but
know this is balanced with the prospect of greater growth.

Medium-High Risk

You are likely to be an experienced and knowledgeable investor who is comfortable with taking risk.
You already receive a secure income from other sources.
You are happy to invest in all areas and asset types, and are looking for higher potential returns.
You are likely to be attracted to illiquid investments, such as the Alternative Investment Market (AIM).
You fully understand risk and reward and know your investments could be subject to extreme volatility. You accept there’s a real risk of
loss of capital, but know this is balanced with the prospect of greater growth.

High Risk

You already actively manage your own investment portfolio and you are comfortable with significant risk.
You are seeking to invest in the most speculative and volatile asset types, such as stock and index futures and options, derivatives, leveraged
commodities, venture capital and enterprise trusts, as well as emerging market and frontier single-country funds, or a very narrow asset class.
You fully understand risk and reward, and acknowledge your investments could be subject to extreme volatility.
You accept that the most speculative investment transactions come with a real risk of complete loss of capital.