Financial advisors understand money and investing to a degree that surpasses a majority of the population. Because of that, advisors must frequently navigate gaps in their clients’ financial educations. Here are some common client misconceptions and how to handle them.
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With frequent client misconceptions around even the 101 level of finance, it can be tricky for advisors to bridge the gap and clearly communicate their strategies. Barse counteracts this through a robust onboarding process. Vance Barse noted, “When clients come onboard, we like to start with an understanding of what their foundational financial literacy is, what they are trying to achieve in their planning/investment process, and pair the two so they can understand how what we’re doing for them is unique to their goals.”
See An Advisor’s Guide to Client Misconceptions in ETF Trends.
Financial advisors and market watchers will continue looking toward September for the Federal Reserve’s next swipe at the inflation giant it hasn’t yet been able to slay.
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Vance Barse, founder of Your Dedicated Fiduciary, describes the Fed’s current rate-hike cycle as in its “eighth or ninth inning, but innings can take a lot longer than you think.”
“The reality is the Fed committed a monetary policy mistake because it waited so long to raise rates when inflation was spiking,” Barse said. “The age-old adage is that the Fed hikes until something breaks, and the one thing that hasn’t broken yet is core inflation ex-housing, which the Fed claims is its core metric.”
See Advisors Roll With The Fed’s Well-Telegraphed Monetary Policy Move in Investment News.