Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information that President Trump’s tariff announcement on Wednesday and the following market decline have led many monetary advisors to reassure purchasers that they’re implementing their pre-determined plans for such circumstances. As they execute these plans, advisors seem like taking completely different approaches relying on their funding philosophy and consumer base, with many preaching a ‘keep the course’ philosophy (maybe highlighting that whereas equities are down, bonds have thus far served their position as a portfolio ballast) and a few discovering potential tactical alternatives, from rebalancing consumer portfolios to figuring out tax-loss harvesting alternatives.
Additionally in trade information this week:
- Republicans in Congress seem like eyeing a rise within the State And Native Tax (SALT) cap, probably to $25,000 for a person, amidst different potential modifications as they give the impression of being to go sweeping tax laws earlier than key measures within the Tax Cuts and Jobs Act expire on the finish of the yr
- Current survey information sheds mild on how advisors spend their time and examine their worth to purchasers, with plan preparation/presentation and funding administration main the way in which in each classes
From there, we now have a number of articles on speaking with purchasers throughout market volatility:
- How the messages advisors talk to purchasers throughout market downturns can fluctuate relying on whether or not a consumer is within the accumulation or drawdown section
- Strategies for advisors to have interaction in one-to-many consumer communication throughout turbulent market durations, from common e-mail updates to video messages that enable purchasers to see and listen to their advisor’s response
- A step-by-step method to dealing with calls from nervous purchasers in periods of market stress, together with the potential worth of main with empathy and curiosity relatively than exhausting information
We even have various articles on funding administration:
- How advisors can navigate non-public market investments with more and more curious purchasers
- Whereas non-public credit score ETFs doubtlessly supply entry to the asset class in a liquid and tax-efficient wrapper, an evaluation highlights the difficulties of making certain correct pricing and liquidity of those funds given their comparatively illiquid underlying property
- Steps advisors can take to guage whether or not various kinds of liquid different funds could be applicable for consumer portfolios and the significance of fund choice when utilizing them
We wrap up with three remaining articles, all about scams:
- Potential motion steps for advisors after they discover out a scammer has arrange an impostor profile of them on-line
- How advisors can shield their mother and father (and purchasers) from more and more refined monetary scams
- How digging into the info will help advisors present purchasers that supposedly ‘scorching’ funding methods won’t be as enticing as marketed
Benefit from the ‘mild’ studying!
