News > Wealth Management

Oh Behave!

By Advisor Perspectives
Wealth Management

I am often asked by prospects whether financial advisors add value? Being one, of course, I believe we add a great deal of value for our clients, in helping set and implement long-term financial goals, reviewing insurances and risk management strategies, being tax-efficient in all aspects of investing and estate/gift transfer issues, helping with education funding strategies, attempting to constantly reduce portfolio expenses, and much more.

But in many cases, and especially when the markets become increasingly unpredictable, our most valuable advice may simply be encouraging clients to follow good investment practices. This means keeping them from getting too swayed by momentary urges and making dramatic portfolio changes, usually based upon emotion (i.e. greed and fear), that they may regret later. Basically, our goal is to remove emotion and inject a bit of common sense when needed.

Read more at Advisor Perspectives.

Photo: JD Hancock

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