The Importance of Coaching

In our last post, we talked about how to take a more sophisticated approach when it comes to assessing the risk tolerance of clients. In addition to the four factors that should be considered when determining risk tolerance, there is a need for constant coaching and communication. As we are seeing in the current COVID-19 situation, the uncertainty of the market has caused many advisors to panic, requiring consistent reassurance that their assets will be okay.

Risk Tolerance in Volatile Markets

Managing portfolios for clients is about more than a simple calculation exercise. To properly invest on behalf of clients, we advisors must strive to create strategies that will allow clients to reach their goals while remaining within the confines of acceptable volatility. This procedure, if done properly, involves much more than merely selecting a pre-determined […]