The stock market may have partially recovered from its drop of more than 30% in recent days, but the problem of big losses in equities and uncertainty in the bond market, especially among corporates and munis, remains as the global economy suffers from a worsening pandemic.
To say that financial advisors are being challenged like never before is an understatement. Clients are nervous about the losses in their portfolios and about what’s to come, and portfolios are out of balance, primarily because of big declines in stock prices. Keeping clients invested and calm is key.
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