Volatile Markets Can Have an Upside for Financial Advisors

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It’s been an exhausting and emotionally draining couple of weeks for financial advisors coping with the gyrating markets. Smart advisors have been putting in extra hours calling clients before the clients call them and addressing concerns that are just beginning to form. There’s a silver lining for advisors who’ve guided clients through this tumultuous period: a closer relationship.

The extra client service has really solidified and deepened their bonds with clients, advisors are telling me. That’s always a good thing. And it’s also especially useful for those advisors who are contemplating a move. You’ll need lots of loyalty if you want to make a strategic change when the markets are fractious.

Photo: Steve Baker