Learn about the importance of having a shared language with clients, assessing their risk tolerance profile, and stress testing it to prepare them for market fluctuations. Discover strategies to prevent clients from making impulsive decisions based on market trends.
Dr. Charles and Dr. Brad open the show talking about FOMO and how it can impact a client's risk profile as well as their communication with their advisor. They then talk about ways that advisors can plan for and respond to FOMO both during and in the beginning of the client-planner relationship.