Keep Clients Informed
If a client continues to express serious concern after discussing the cyclical nature of business cycles, then delve deeper and find out what the real issue is and try to find solutions. --Nancy Gardner
Keep clients informed of impending economic conditions. If a client continues to express serious concern after discussing the cyclical nature of business cycles, then delve deeper and find out what the real issue is and try to find solutions. Our firm is a wealth management firm and as such we don't typically get into discussions about how to pay monthly bills unless we are trying to replace an income stream at retirement.
-Nancy Gardner, CFP, executive vice president of Tanglewood Capital Management, in AdvisorMax Q&A "Preparing Clients for a Recession"
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