Global Wealth Harbor Featured on Financial Planning Magazine

I’m pleased to share that I was invited by Financial Planning Magazine to comment on the recently lowered Financial Advisor Confidence Outlook (FACO) and the changes we’re seeing in clients’ risk tolerance.

The slight dip in the Financial Advisor Confidence Outlook (FACO) doesn’t surprise me as much as it lines up with what we’re seeing in overall market sentiment. I don’t think it’s necessarily a bad thing. Over the past few months, a lot of economic and policy uncertainty hasn’t really shown up in the markets, so potential corrections are just a normal part of the cycle. For me, this is a good reminder of continuing to emphasize setting the right expectations with clients. I always make sure clients understand that market volatility is normal and expected, and what we do is to have investment portfolios well prepared for possible volatilities. The goal is to make sure clients aren’t caught off guard when the market moves and to reassure them that their portfolios are built to handle a wide range of conditions. The worst thing anyone can do is make big changes out of emotion in the middle of market turbulence.

If you’re interested in reading the full article, you can find it here:

https://www.financial-planning.com/news/how-advisors-are-responding-to-falling-client-risk-tolerance