What investment advisors recommend to clients in view of market volatility?

TD AMERITRADE Institutional, a division of TD AMERITRADE Holding Corporation, released a new survey of registered investment advisors that revealed 93% of advisors report that their clients are not withdrawing their investments.

Answering the question what they are doing to address clients’ fears of market volatility 41% of independent advisors admitted that they increased client contact with 36% of advisors reassuring the clients to keep to their current financial plans.

“Advisors we talk to say they are doubling and even tripling their client communications to educate and help ease apprehension about the market,” said Brian Stimpfl, managing director of advisor advocacy and industry affairs, TD AMERITRADE Institutional. “The survey shows a majority of advisors remain steadfast and continue to follow their client’s investment plan, even in the midst of unprecedented market volatility.” 

43% of the polled say that they made no changes to the amount of their clients’ assets allocated to stocks with 31% of respondents saying that they even put more money into the stock market. More than half of advisors polled noted that now it is a good time to invest in equities.