| The uniform fiduciary standard has become a holy grail of sorts for the financial advisor industry, but it's not quite that simple. Bottom line: clients (and advisors) need to expect down periods. And, you need to be prepared to manage more emotions than money during your career as an advisor. For a financial advisor, unpredictable stock market fluctuations, hostile calls from clients, being responsible for managing clients retirement nest eggs, overwhelming paperwork, and compliance/fiduciary issues are events and situations that potentially could cause such a fear. The key word here is could, because fear and anxiety do not have to result from dealing with such situations. | |
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