How Wealth Management Advisors Help in Volatile Markets

The value of a Wealth Management Advisor is once they got to know you and your personal circumstances and goals, they use their deep knowledge and research facilities available to them to evaluate your investments and guide you.  In many instances they will counsel you to do nothing.  In other cases, they will be able to provide you with suggestions of investments that will be beneficial in a down market.  In every case they are there to answer your questions and provide you with an overview of the current market situation.

Your best bet for dealing with volatile markets is speaking about your concerns with a Wealth Management Advisor. Make sure they know how you feel and how much risk you can tolerate. They should be fully aware of your situation.  The Advisor can properly assess the potential risks and therefore set you on as safe a trajectory as possible. Historical data, good research, and a good advisor’s guidance are on your side!

How To Identify a Good Wealth Management Advisor

A good advisor should provide you with a holistic plan. This means taking every aspect of your financial situation into account. The bigger picture includes various tools: investment planning, tax planning, insurance planning, and estate planning. With proper planning, transparency, and regular communication, a Wealth Management Advisor can make volatile markets far less damaging to one’s portfolio.

In order to give good, sound advice, a Wealth Management Advisor uses your personal and financial data to create projections that illustrate how and when your financial goals would be reached. At Rothenberg Capital Management, our Wealth Management Advisors’ projections are based on sets of historical data about inflation and investment returns, combined in various formulas with how much you earn, you spend and how much you can save at various stages of your and your family’s life.

Good Wealth Management Advisors are interested in the broader plan instead of just trying to be a salesperson for a specific investment product. Rothenberg Capital Management Wealth Management Advisors are paid a base salary as well as a bonus. This means that they can focus on taking the time to spend with their clients to establish what is best for them, rather than on earning commissions. They are also therefore able to take time to research more options, communicate with clients, and stay updated with their personal circumstances.

Knowledge is Safety

With proper communication and regular contact, your Wealth Management Advisor should be able to keep you comfortable through choppy markets.

We asked some of our advisors what they do when markets get choppy and the resounding response was: think long-term. They take the time to show you the historical data of the broader market and specific investments that you own. Even while markets are doing well, it is important that Advisors complete regular portfolio reviews with their clients and use their knowledge to create clarity about which investmentsown and why. This sense of clarity is important for reducing anxiety. Market volatility is normal, but in the long term, and with a good Wealth Management Advisor, the gains on the other side of volatility are attainable.

To speak with one of our Wealth Management Advisors, email us at inforequest@rothenberg.ca or call us at 514-934-0586.