iCM Risk Tolerance Questionnaire

Before selecting a portfolio, it is critical for an investor to accurately evaluate their own tolerance for risk. We provide this Risk Tolerance Questionnaire as a tool for your personal use. This questionnaire, when utilized with thoughtful insight from you, along with guidance from a qualified financial advisor, may help you determine your risk profile.

Please complete the questionnaire electronically (below), or by accessing the pdf file by clicking the image at right.

Instructions:

As you complete this form, you will notice two distinct sections. The first is to assess your personal time horizon. The second will assess your tolerance for risk within the context of the investment account(s) in question. At the end of each section, you will find an orange box that will allow you to add the scores of the questions that you have answered. Please mark down your scores for each section as you will need to reference these to determine which investment strategy option aligns with both your time horizon and tolerance for risk.

TIME HORIZON QUESTIONS
With this portfolio in mind, I plan to hold my investment for the following number of years:*

Time Horizon Question #1

Less Than 3 Years (Point Value -10)

3-5 years (Point Value +2)

6-10 years (Point Value +4)

10+ years (Point Value +5)

It is likely that I will withdraw funds from this investment account for my next anticipated life event, which I expect to occur within the following number of years:*

Time Horizon Question #2

Less than 3 years (Point Value -5)

3-5 years (Point Value +2)

6-10 years (Point Value +4)

10+ years (Point Value +5)

When determining whether to alter your asset allocation, what time period will you use to evaluate the performance of this investment account:*

Time Horizon Question #3

Less than 1 year (Point Value -5)

1-3 years (Point Value 0)

3-5 years (Point Value 3)

5-7 years (Point Value 5)

RISK TOLERANCE QUESTIONS
The primary investment objective for this account is to:*

Risk Tolerance Question #1

Preserve capital (Point Value -2)

Generate current income (Point Value 0)

Achieve asset growth with a moderate amount of current income (Point Value 3)

Achieve asset growth with a minimal amount of current income (Point Value 4)

Asset growth with no consideration for current income (Point Value 5)

If withdrawals occur in the future, I would anticipate depleting my account by the following percentage annually:*

Risk Tolerance Question #2

Less than 5% (Point Value 0)

5% - 6% (Point Value -1)

Greater than 7% (Point Value -2)

The assets in the account will not be used as a significant source of income, but sporadic withdrawals of less than 5% per year are possible (Point Value 1)

I have no plans to withdraw funds in the foreseeable future (Point Value 3)

Historically, domestic stocks have returned 8-10% annually, domestic bonds have returned 5-7%, and money market investments have returned 2-4 %. You require an annual return of (X%) to reach your desired goal?*

Risk Tolerance Question #3

0-4% (Point Value -2)

4-6% (Point Value 0)

6-8% (Point Value 1)

Greater than 8% (Point Value 2)

Looking at my portfolio as a whole, I would prefer to preserve capital and avoid risky investments, despite the fact that they may offer a higher return potential than lower risk alternatives.*

Risk Tolerance Question #4

Strongly Agree (Point Value 1)

Somewhat Agree (Point Value 2)

Somewhat Disagree (Point Value 3)

Strongly Disagree (Point Value 4)

In 2022 the S&P 500 Index posted a decline in excess of 18%. If I owned a portfolio that experienced a similar annual decline in value I would do the following:*

Risk Tolerance Question #5

Sell all of my investment (Point Value 1)

Sell a portion of my investment (Point Value 2)

Hold all of my investment and sell nothing, as I have a long term time horizon and short term results mean little to me (Point Value 3)

Add assets to my investment, if the strategy remained viable, because the market has become cheap (Point Value 4)

Risk, at some level, is an essential component of a total return investment strategy. Historically, equity investments have offered higher returns relative to fixed income. However, they have also carried with them a greater risk. For your account:*

Risk Tolerance Question #6

I view Fixed Income investments as having the most appropriate amount of risk for my portfolio, but I feel my portfolio will benefit from a small position in Equity investments (Point Value 1)

I prefer an equal mix of both Equity and Fixed Income (Point Value 2)

I view Equity investments as having the most appropriate amount of risk for my portfolio, but I feel my portfolio will benefit from a small position in Fixed Income investments (Point Value 3)

I prefer a portfolio comprised almost entirely of Equity investments with very limited Fixed Income exposure (Point Value 4)

Which of the following concerns you most about the assets invested in your account:*

Risk Tolerance Question #7

Losing money in the short term (Point Value -2)

Not modestly outperforming inflation (Point Value 2)

Not producing sufficient growth to meet future demands (Point Value 4)

Not participating in a rising equity market (Point Value 6)

If you invested $100,000 in your account and portfolio began losing money, at what point would you sell:*

Risk Tolerance Question #8

$95,000 (Point Value 0)

$90,000 (Point Value 1)

$85,000 (Point Value 2)

I would not sell, keeping in mind my long term investment objectives (Point Value 4)

If your portfolio suffered a temporary decline could you cover your immediate cash flow needs from other assets:*

Risk Tolerance Question #9

No, there are no other assets I could use to cover my immediate cash flow needs (Point Value -2)

Yes, I have other assets I could use but it would be difficult to access them (Point Value -1)

Yes, I have other assets that I could use to cover my immediate cash flow needs, some advanced planning would be necessary (Point Value 0)

Yes, I have other assets that I could use to cover my immediate needs (Point Value 1)

This question is not applicable as I do not anticipate the need to access these as a source of income (Point Value 2)

Different asset allocation choices can result in different and sometimes wide fluctuations in your portfolio’s value over time. Imagine that you own a $100,000 portfolio. Based on these potential returns, which are you most comfortable with?*

Risk Tolerance Question #10

Upside = $105,000 Downside = $95,000 Variance of returns = 0-5% (Point Value 0)

Upside = $110,000 Downside = $90,000 Variance of returns = 5-10% (Point Value 1)

Upside = $115,000 Downside = $85,000 Variance of returns = 10-15% (Point Value 2)

Upside = $120,000 Downside = $80,000 Variance of returns = 15-20% (Point Value 4)

Upside = $125,000 Downside = $75,000 Variance of returns = 20-25% (Point Value 4)

Supporting Files (optional)

Portfolio Options Based On Your RTQ

Time Horizon Score <3

Risk Tolerance Score of 0 - 24

Capital Preservation & Inflation Hedge (10/90)

Risk Tolerance Score of 25 - 34

Defensive Growth (35/65)

Income Opportunities (10/90)

Risk Tolerance Score of 35 - 40

Balanced (50/50)

Tactical Income Closed End (TICE)

TICE Alpha Ops (35/65)

Time Horizon Score of 3-6

Risk Tolerance Score of 0 - 18

Capital Preservation & Inflation Hedge (10/90)

Risk Tolerance Score of 19 - 25

Defensive Growth (35/65)

Income Opportunities (10/90)

Risk Tolerance Score of 26 - 30

Balanced (50/50)

Tactical Income Closed End (TICE)

TICE Alpha Ops (35/65)

Risk Tolerance Score of 31 - 35

Risk Controlled Growth (60/40)

Tactical Income Closed End (TICE)

TICE Alpha Ops (50/50)

Risk Tolerance Score of 36 - 40

Risk Controlled Growth (60/40)

Tactical Income Closed End (TICE)

TICE Alpha Ops (60/40)

Time Horizon Score of 7-9

Risk Tolerance Score of 0 - 16

Capital Preservation & Inflation Hedge (10/90)

Risk Tolerance Score of 17 - 23

Defensive Growth (35/65)

Income Opportunities (10/90)

Risk Tolerance Score of 24 - 28

Balanced (50/50)

Tactical Income Closed End (TICE)

TICE Alpha Ops (35/65)

Risk Tolerance Score of 29 - 32

Risk Controlled Growth (60/40)

Tactical Income Closed End (TICE)

TICE Alpha Ops (50/50)

Risk Tolerance Score of 33 - 36

Risk Controlled Growth (60/40)

Tactical Income Closed End (TICE)

TICE Alpha Ops (60/40)

Risk Tolerance Score of 37 - 40

Moderate Capital Appreciation (80/20)

Tactical Income Closed End (TICE)

TICE Alpha Ops (60/40)

Time Horizon Score of 10+

Risk Tolerance Score of 0 - 14

Capital Preservation & Inflation Hedge (10/90)

Risk Tolerance Score of 15 - 20

Defensive Growth (35/65)

Income Opportunities (10/90)

Risk Tolerance Score of 21- 24

Balanced (50/50)

Tactical Income Closed End (TICE)

TICE Alpha Ops (35/65)

Risk Tolerance Score of 25 - 27

Risk Controlled Growth (60/40)

Tactical Income Closed End (TICE)

TICE Alpha Ops (50/50)

Risk Tolerance Score of 28 - 31

Risk Controlled Growth (60/40)

Tactical Income Closed End (TICE)

TICE Alpha Ops (60/40)

Risk Tolerance Score of 32 - 35

Moderate Capital Appreciation (80/20)

Tactical Income Closed End (TICE)

TICE Alpha Ops (60/40)

Risk Tolerance Score of 36 - 40

Moderate Capital Appreciation (80/20)

Tactical Income Closed End (TICE)

TICE Alpha Ops (80/20)

Integrated Capital Management, Inc. is an SEC registered investment advisor. Registration does not imply a level of skill or training.
Past performance is no guarantee of future results.

www.icm-invest.com

888.426.4681

The TekRidge Center, Suite 114, Jessup, PA 18434