WealthManagement.com: Explain Risk To Clients Now

Katie Godbout, Director of Sales & Marketing
March 15, 2018


Covisum President Joe Elsasser, CFP® recently contributed an article to WealthManagement.com, "Explain Risk To Clients Now," discussing how clients often have unrealistic downside expectations and some of the possible investment mistakes that can be made without properly analyzing their portfolio. He answers questions about effectively estimating a client's risk, what clients need to know about risk, how much a portfolio could lose in a particular period, diversification, and historical portfolio data. 

Here's and excerpt: 

"A well-equipped advisor can help clients “practice” for an inevitable downturn. New market risk software products, like SmartRisk, help advisors reasonably assess the downside risk of an investment portfolio and test the client’s retirement income plan to determine if the client likely would be faced with unacceptable changes in living standard... Having these conversations with your client now, while we’re in a bull market, will help you move prospects to the planning process and expand your relationship with current clients."

Read the full article here. 

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Posted by Katie Godbout, Director of Sales & Marketing
Katie thrives on making an impact and achieving big goals. She believes that communication strategy has a major impact on business success. As a strategic communicator with a diverse background in non-profit, B2B, healthcare, and SaaS, Katie combines her expertise in strategy development, marketing and sales to spread the word about how Covisum can help advisors and institutions inform their clients of the best financial decisions.