Clients are always finicky when volatility strikes, and with today’s announcements about falling markets, Lehman Brothers’ bankruptcy and Merrill Lynch’s being taken over by Bank of America, they may be even more so. Advisor.ca has combed through its database of articles and compiled the most relevant ones here in one easy-to-read file.
Legally speaking: Volatility, prepared clients and opportunity
Harold Geller’s new column. Advisors who have clients with currency or sector risk should or will have specifically canvassed clients with exposure to these risks and addressed them during the planning process. These advisors will also have warned their clients, particularly, in plain English and in writing, to anticipate significant market volatility. The risk and volatility that are now so predominant have long been anticipated. Read more.
To Clients: Stay invested long-term
The argument in favour of long-term investing isn’t new, but it’s a story that occasionally bears repeating. Use this customizable template letter to touch base with your clients about the ebbs and flows of the markets. Read more.
Talking to your clients about uncertain markets
Unsettled markets mustn’t be a barrier to having that very important client conversation about finances in retirement. It is true that the economic and financial market news at the moment is difficult to digest and, on the surface, even more difficult to act on. But when you step away, it isn’t that different — or that much more difficult — than at any other time in the past several decades. Read more.