Provide a written statement to your clients.
These should include:
- the benefits of a systematic rebalancing policy;
- our strategic rebalancing policy;
- how frequently you rebalance their portfolios; and
- your approach to strategic rebalancing policy during periods of market volatility.
Editor’s Note: This is an occasional feature in the NTSA Advisor. This tip is taken from the 2020 Value of an Advisor Study by Russell Investments.
A link to the study is available in the NTSA Certified Retirement Education Specialist (CRES) materials. The NTSA Certified Retirement Education Specialist (CRES) program and designation has been developed in order to equip advisors to be qualified and available to teach the NTSA educational program, which is designed to provide teachers with the basics of planning for retirement and improve their retirement readiness. More information about CRES is available here.
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