Volatility in the stock market is a reminder that thoughtful financial advisors can help their clients by preparing them for the possibility of a correction. Identifying and discussing risks that could affect a client's hard-earned nest egg may not be the fun part of an advisor's job, but it's important and much needed.
|Property accidents & losses
One such risk — and one that is often overlooked by clients and advisors — is the risk stemming from accidents and losses involving property. In this area, research conducted by the consulting firm Oliver Wyman finds that advisory firm clients want and expect their advisor's help in identifying risks and taking steps to help protect them from those risks.
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