Risk is inherent to wealth management – indeed, it’s an unavoidable part of life. When we talk about risk from a financial perspective, we may be talking about one of several classes of risk or about risk more generally. These classes of risk include exogenous risk, which relates to the news cycle; systemic risk, which relates to broad, system-wide failures; economic risk, which relates to the impact of macroeconomic factors on companies or investments; and industry-specific and company-specific risk, which are fairly self-explanatory. Visit our expanded FAQs section for more.