Two-thirds of certified financial planners have seen an increase in potential clients as economic turbulence has increased in the past several weeks, according to a new survey.
Twenty-seven percent of CFPs surveyed by the CFP Board of Standards reported a significant increase in potential clients, while 39 percent reported a moderate increase. When asked what actions their clients are taking with their financial plans, 78 percent of respondents said their clients are standing firm with existing strategies, 57 percent said clients are reviewing asset allocation, 48 percent said clients are reviewing financial goals, 45 percent said clients are moving assets to lower-risk positions, 40 percent said clients are taking advantage of investment opportunities, and 37 percent said clients are rebalancing their portfolios.
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