Journal of Financial Planning: Managing Client Anxiety Beyond Market Volatility
In the Journal of Financial Planning’s Practice Management Blog, author Kirk Loury cites findings from our Advisor Authority Study. Referencing the results of Advisor Authority, he notes that clients’ top three “biggest concerns” relating to an insecure financial future in the coming 12 months are funding retirement, protecting assets and outliving their savings - advisors say that market volatility is the No. 1 issue for both the macro environment and investment execution.
While volatility can destroy wealth, he also points out that dollars are lost due to overspending, changed priorities, tax inefficiency and excessive investment product fees. He goes on to say that wealth preservation must minimize the loss of dollars from any source, and recommends a comprehensive wealth strategy.