In these interesting times, now more than ever I am convinced of the importance of succession planning. This topic is top of mind as we have just completed an ownership transition in Rowling & Associates, the independent RIA I founded 30+ years ago. I am pleased to announce that the next generation leaders of our […]
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.
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 […]
