PIRP Timeline
The PIRP journey began long before the name existed.
Years of work with investor protection, suitability assessment, and capital markets infrastructure gradually led to one question: what if investors owned their risk profile?
2015 — 2023
Years of Hands-On Experience
Before PIRP had a name, there was a career spent working inside investor protection — learning what worked, what failed, and why.
The Investor Protection Transformation Begins
Key Insight
Risk profiling became one of the central elements of modern investor protection.
Industry-Wide Implementation Efforts
Key Insight
Even under a common regulatory framework, firms often implemented suitability assessment and risk profiling in very different ways.
Observing Structural Weaknesses
Years of practical experience working with investment services, suitability processes, investment products, and investor protection frameworks revealed recurring patterns:
- Different institutions produced different risk profiles for the same client.
- Risk profiles were generally not portable.
- Methodologies varied significantly across providers.
- Investors rarely understood or owned their profiles.
- Profiling was typically embedded within product sales processes.
Key Insight
The problem appeared to be structural rather than operational.
2024
The Idea Takes Shape
A single question sparked a concept that would be refined through expert dialogue and early industry conversations.
The Initial Idea Emerges
A simple question emerged:
“What if investors owned their risk profile instead of financial institutions?”
This question became the foundation of what would later become the Portable Investment Risk Profile (PIRP).
Key Insight
Client ownership could fundamentally change the way risk profiling works.
Concept Development and Validation
Key Insight
The challenges PIRP addresses were recognized by experts across multiple disciplines.
Early Support and Industry Feedback
The concept received encouraging feedback from professionals across the financial services industry. Supporters included senior leaders from:
- Financial technology
- Customer service organizations
- Market infrastructure institutions
- Capital markets organizations
Key Insight
The idea appeared relevant not only for investors but also for institutions.
2025
From Concept to Published Research
The PIRP concept entered a dedicated research phase and was formally documented and published for public review.
Research and Development
The concept entered a dedicated research phase focused on:
- Suitability assessment frameworks
- Risk profiling methodologies
- Consumer protection
- Financial regulation
- Investor behavior
- Standardization approaches
The goal was to determine whether a portable and independent risk profile framework could be both practical and beneficial.
Key Insight
Research validated the concept across multiple disciplines and regulatory contexts.
Research Publication on SSRN
The research paper was published through SSRN:
“Portable Investment Risk Profile – A Novel Framework for Retail Investor Protection”
The publication formally introduced the PIRP concept and its underlying rationale to the research community and the wider public.
Key Insight
The idea became publicly documented and available for review, discussion, and critique.
Late 2025 — 2026
Growing Institutional Interest
As the research reached public channels, the concept attracted attention from policy, market infrastructure, and international innovation circles.
European Policy Dialogue
The PIRP concept was discussed with Philippe Thill from the Cabinet of European Commissioner Maria Luís Albuquerque, Commissioner for Financial Services and the Savings and Investments Union.
The discussion provided an opportunity to present the concept within the broader context of investor protection and European capital markets policy.
Key Insight
The topic was relevant not only operationally but also from a public policy perspective.
Interest from Market Infrastructure
Key Insight
Market infrastructure organizations recognized the potential relevance of the concept.
International Innovation Engagement
Key Insight
Interest in investor-centric risk profiling was emerging internationally.
Today
From Vision to Platform
The vision has evolved beyond a conceptual framework. Development is now underway.
Building the PIRP Ecosystem
The objective remains unchanged: to give investors ownership of their investment risk profile while improving transparency, consistency, and investor protection.
Development is underway across the full PIRP ecosystem:
Mobile Application
Direct investor access to their portable risk profile.
Financial Institution Portal
Institutional access and integration capabilities.
Business Administration Platform
Operations and management for service providers.
Regulatory Portal
Oversight and reporting tools for regulators.
Key Insight
The concept has evolved into an active development initiative with a multi-component platform.
The Future
The Journey Is Only Beginning
PIRP continues to evolve through research, collaboration, and engagement — always with the same goal: better investor protection.
Research
Continued academic and applied research on investor protection frameworks and risk profiling methodologies.
Industry Collaboration
Working with financial institutions to explore practical implementation of portable risk profiles.
Regulatory Dialogue
Engaging with regulators and policymakers on standardization, transparency, and investor protection.
Technology Development
Building the platform infrastructure that makes portability and investor ownership real.
Investor Protection Advocacy
Advancing the case for investor-owned, portable risk profiles in markets globally.
“What if investors owned their risk profile?”
The question that started PIRP remains its guiding purpose. Every step of the journey — from MiFID II implementation to research publication to platform development — has been in service of a simpler, fairer relationship between investors and the institutions that serve them.