Skandia has launched an enhanced iPad version of its “appetite for risk” app, following its launch for iPhone and Android in April.

The app is designed to help advisors more accurately assess clients’ risk appetite and facilitate deeper discussions around their attitudes and needs.

Regulators, the UK Financial Services Authority in particular, have made risk assessment and suitability top priorities in their oversight of the advisory industry and many firms are investing in new technology to help them to address this. Tablet and smartphone apps are proving to be particularly useful tools, enabling advisors to model investment outcomes visually, for example.

Among the enhancements made to the iPad version of Skandia’s app is a feature whereby clients sign directly onto the iPad to confirm they agree with the risk level selected. Advisors can also now compare a client’s risk score against two alternative risk levels, as opposed to just one on the mobile app.