Investment Executive
March 17, 2023.
Volatile markets this past week reflect a global financial system under pressure as banks in the U.S. and Europe struggle under the weight of rising interest rates. Amid the turmoil, some financial advisors seized the opportunity to have proactive conversations with clients, uncover their concerns, and buy cheap investments to get clients to their goals sooner.
Kathy McMillan, director of wealth management and a portfolio manager and advisor with McMillan Wealth Solutions, Richardson Wealth, in Calgary, recalled how “exhausting and depressing” the subprime mortgage meltdown was in 2008. At that time, advisors didn’t have guidance to go on — “kind of like the new turf we’re on now,” she said.
A few clients emailed this week to ask, “Am I OK?” she said.
