TITLE

Survival Tactics for Class-Four Market Rapids

AUTHOR(S)
Hayden, Vern C.
PUB. DATE
March 2009
SOURCE
Journal of Financial Planning;Mar2009, Vol. 22 Issue 3, Special section p40
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses survival tactics for financial planning firms in times of financial crisis. Suggestions include being proactive in contacting clients, being realistic but upbeat about taking positive action, and reducing risk wherever possible. Indexing or buying and holding are not recommended, but selling and reducing risk in every portfolio, insofar as client tolerances permit, are said to be good options. A discussion of the Bernard Madoff scandal is also included. It is noted that some Madoff investments may be covered by the Securities Investor Protection Corporation (SIPC) for up to $500,000.
ACCESSION #
37011877

 

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