Navigational Tools to Lead Clients Through Volatility

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With investors feeling anxious and looking for answers in these volatile and uncertain economic times, advisors should stick to a basic roadmap to help clients stay the course.

There’s nothing quite like an economic downturn to cause clients to deeply focus on how their life savings are being managed.

The broad stock market indexes have muscled their way off the bottom from earlier this summer but are still down for the year and remain volatile. Add to that inflation hovering around a 40-year-high and a looming threat of recession, which the Fed is trying to combat with higher interest rates, and you’ve got a recipe for client anxiety across the wealth management space.