Harold Evensky: "Our clients were pretty copasetic"

SEP 15, 2013
Q: How did you stop your clients from panicking? A: Our clients were pretty copasetic. We keep at least two years of income needs in cash, so we weren't getting calls when the market was falling. The last time we actually had clients leaving was during the tech bubble. Then, they were mad their returns weren't higher. We did start calling clients when we started to hear rumblings about money market problems. We called to let them know we were moving them out of money market funds and into short-term Treasury funds. Harold Evensky Founder Evensky & Katz Wealth Management Coral Gables, Fla. — as told to Jason Kephart NEXT CRISIS COMMENTARY - Mark Cortazzo: "There were some very tough conversations"

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