Risk tolerance is how emotionally comfortable a person is with taking a financial risk. For example, how much a person is willing for their portfolio to diminish for a chance to make bigger returns. It is psychological and is best measured with a psychometric tool.
We have for many years used Finametrica, a world-class risk profiling tool. You can have access to the same profiling questionnaire directly in the comfort of your own home.
When using the tool, we generate an email in our office and send you an invitation, it is not an automated process, so questionnaire will be initiated during normal business hours, unfortunately, there is not an automatic option.