What classification describes a client willing to accept higher risk for potential higher long-term returns?

The classification of a client willing to accept higher risk for potential higher long-term returns is referred to as "Aggressive." An aggressive investor typically seeks opportunities that can deliver substantial returns, even if it means facing considerable volatility and the possibility of short-term losses. This mindset is often driven by the belief that the potential for greater gains outweighs the risks involved, particularly over an extended investment horizon.

Aggressive investors are generally more focused on capital appreciation and may invest in more volatile assets, such as equities or assets in emerging markets, rather than opting for more stable, lower-risk investments. Their strategy aligns with the principle that higher risks can lead to higher rewards, especially if they have the patience and financial resilience to withstand market fluctuations.