As extra people enter and method retirement, the function of a monetary advisor is altering quickly. An rising variety of shoppers want their advisors to behave as “private danger managers” and give attention to draw back safety and stability, vs. progress and outperformance.
To study extra about this evolution, Mark Bruno, managing director of Wealth Administration at Informa, is joined by Rick Bookstaber, co-founder and head of danger at Material, and Dr. Ashby Monk, government and analysis director at Stanford College, to debate the significance of understanding danger and the advisor’s function as danger supervisor for shoppers.
Hear in as Mark, Rick and Dr. Ashby talk about:
- Essentially the most distinguished market, financial and planning dangers in immediately’s atmosphere
- What monetary advisors can study from institutional traders about danger administration
- How advisors ought to steadiness long-term dangers with short-term dangers
- How danger administration expertise has developed—particularly, the chance administration instruments and sources out there to monetary advisors.
https://www.wealthmanagement.com/business/wealthstack-podcast-evolution-financial-advisors-risk-managers