How Advisors Can Help Retirement Clients Weather a Market Meltdown
Kestra Financial, meanwhile, has been “fielding phone calls from our advisors” with concern about what has been happening and has provided training on how those advisors should ease the concerns of their clients, according to Taylor Hammons, its head of retirement plans. What Hammons conceded is unusual about the current situation is that clients are concerned about their financial and physical health at the same time. However, “we don’t see a mass migration to cash” by investors as advisors are, by and large, successfully convincing clients that the best course of action is to discuss whether they are making the best investment decisions today that will accomplish what they need tomorrow, he said.
Think Advisor, March 24, 2020
