Opalesque Industry Update - A study with financial advisers to make recommendations for imaginary clients found that risk tolerance assessments resulted in wildly different interpretations, which had a massive impact on client recommendations. In one instance, an adviser recommended a 'very low' level' of risk for an imaginary client while another recommended a 'very high level'. For another, advisers were evenly split between recommending low, medium, or high levels of risk. The study, which was conducted by behavioural finance experts Oxford Risk, found advisers gave 'remarkably different judgements' on how much investment risk was suitable for clients with the same hypothetical information, and asset allocations