Keeping clients on their path

Keeping clients on their path
Make sure clients keep their eye on the long view, and not let emotions pull them off course
MAY 03, 2020

The emotions of investing have always fascinated me.  

This fascination began in the 2000s when I was working at TheStreet and had the opportunity to observe the distinct difference between Jim Cramer and Herb Greenberg. Both brilliant market observers, they couldn’t have been more different. Impassioned understates Jim, while Herb maintained a cool detachment. But each remained true to his style and investing path through a variety of circumstances.  

I thought of this on Thursday night, as I read up on the various economic reports released this week, none of which were heartening. When the pandemic hit the markets, the unanimous response among our community of sources, readers and writers was “stay the course,” communicate with clients and remind them of the long road we’re on together.  

It appears that approach was generally successful. Portfolio churn was minimal, and client inquiries seemed to focus as much on opportunity as on fear. However, that was only the first part of the path we’ll be on this year.  

This week, we saw negative data nearly every time we opened our inbox. So, please accept this reminder to stay vigilant, in whatever form that takes, and make sure clients keep their eye on the long view, and not let emotions pull them off course. 

Latest News

RIAs need to visit universities to attract students
RIAs need to visit universities to attract students

RIAs need to find universities that offer financial planning programs and sponsor or host events, advisor suggests.

Orion deepens Capital Group alliance with ETF portfolio tie-up
Orion deepens Capital Group alliance with ETF portfolio tie-up

The leading wealth tech provider is helping more advisors access active ETF models through its exclusive partnership.

JPMorgan client who lost $50M amid dementia battle denied trial
JPMorgan client who lost $50M amid dementia battle denied trial

Case of once-wealthy family highlights risks, raises questions on firms' duties to sophisticated investors suffering cognitive decline.

Stifel loses huge $14.2 million arbitration claim linked to star Miami broker
Stifel loses huge $14.2 million arbitration claim linked to star Miami broker

“The evidence in this case was overwhelming,” says an attorney.

$9B Gateway Investment Advisers names Julie Schmuelling president
$9B Gateway Investment Advisers names Julie Schmuelling president

The move marks the culmination of a decade-long journey for the new leader at the Ohio-based RIA and Natixis affiliate firm.

SPONSORED Leading through innovation – with Tom Ruggie of Destiny Wealth Partners

Uncover the key initiatives behind Destiny Wealth Partners’ success and how it became one of the fastest growing fee-only RIAs.

SPONSORED Client engagement strategies, growth and retention in the down markets

Key insights from Gabriel Garcia on adapting to demographic shifts and enhancing client experience in a changing market