Equity markets continue to trade lower and volatility is on the rise - driven, to a large extent, by concerns over the strength of the Chinese economy.
In such uncertain times, imagine how your clients may feel. They may be confused, scared and fearful that neither they, nor their trusted advisor seem to be on top of the situation. As a client myself, these were certainly my thoughts - but my advisor managed to ease my concerns through more frequent updates and displaying a thorough understanding of not only the situation, but also the exposure my portfolio had to the market developments.
Of course real ‘control’ is impossible to achieve, but I am sure many clients would be comforted by such increased information flow - at least they would then know how to answer if someone else asked them how their portfolio was doing.
These are some of the easy ways which we have seen advisors increase the information flow to their clients:
Of course, none of this may change the economic outcome - more information to the client does not in itself change the portfolio exposure - but it does help to bolster your firm’s credentials in the eyes of your clients - and ultimately enhances your brand.
Privé Managers offers such tools to assist you in enhancing your brand - from monitoring alerts and investment guidelines - to the possibility of ‘look-through’ to show the major exposures and holdings across all of the funds in the portfolio.
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