According to a TD Ameritrade Institutional survey, most investment advisers continue to tell their clients that now is a great time to invest in the financial market rather than encouraging them to cash out their investments in the wake of the financial crisis:<\/p>\n
\u2022 93% of investment advisers are not telling clients to cash out investments.<\/p>\n
\u2022 Over 50% of these registered advisers believe now is the time to invest in equities.<\/p>\n
\u2022 43% of them are telling clients to increase their fixed income allocations.<\/p>\n
\u2022 53% are having clients increase cash allocations.<\/p>\n
\u2022 41% have dramatically increased their communications with clients so they can offer them reassurance.s<\/p>\n
506 registered investment advisers participated in the survey. TD Ameritrade Institutional managing director of advisor advocacy and industry affairs Brian Stimpfl says that the results demonstrate how most advisors are staying committed to sticking with their clients’ investment strategies despite volatility in the financial market.<\/p>\n
Shepherd Smith Edwards & Kantas LTD LLP Founder and Stockbroker Fraud Lawyer William Shepherd, however, had this to say: “When markets fell 20% or so by early September, brokers and financial advisors should have been listening to their clients carefully to learn the true nature of their risk-tolerances. When any investor expresses strong feelings about losses in an account the investment advisor must act to revise the client’s objectives. Several of our clients told their advisors they were losing sleep over their investments. Yet, instead of revising the clients’ investment objectives \u2013 and their investments \u2013 as required, the advisors adamantly told their clients not to sell. Now that these investors’ nightmares have come true, the advisors want to hide behind objectives marked on the old forms without taking responsibility for their reckless inaction.”<\/p>\n
Related Web Resource:<\/strong> According to a TD Ameritrade Institutional survey, most investment advisers continue to tell their clients that now is a great time to invest in the financial market rather than encouraging them to cash out their investments in the wake of the financial crisis: \u2022 93% of investment advisers are not telling clients to cash out […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3774,3825,3752],"tags":[],"class_list":["post-484","post","type-post","status-publish","format-standard","hentry","category-broker-dealers","category-financial-advisers","category-financial-firms"],"yoast_head":"\n
\nFA Magazine<\/a>
\nTD Ameritrade Institutional <\/a>
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