Client education really helps

Stacy Schill |
One thing we have been doing actively over the past few weeks is reaching out to clients to get a read on their state of mind with respect to not only their health and well-being but also about concerns surrounding their investment portfolios and financial plans. It has been heartening that we have actually had very few who have expressed a high level of anxiety about their investment portfolios. They have questions and concerns of course, but we are not seeing a “panic” mentality to reduce equity exposure. This is a good thing because we feel we have educated our clients in understanding that a) market timing does not work and b) they should not be overly concerned about their investment portfolios as long as they remain true to the investment strategy and asset allocation developed from their financial plan.