The Reality of Responsibility

Finley, Daniel C.
September 2010
Journal of Financial Planning;Sep/Oct2010 Practice Management, p20
Academic Journal
The article looks at the responsibilities of a financial planner in investment planning in a volatile market. It reveals that taking a full responsibility for keeping in contact with clients during volatile times via letters, e-mails, voicemails, phone conversations and in person is necessary because clients are more likely to leave their financial adviser for lack of communication than for lack of returns. It also notes that the boundaries of responsibility lie in giving clients a recommendation, not for clients taking the recommendation.


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