Industry Outlook - Interview
Even though the market is fluctuating wildly, now is not the time to panic, say our panel of wealth management experts. Now's the time to make an appointment with your advisor--or find one--and reevaluate your goals with an eye to maximizing the available opportunities.[ILLUSTRATION OMITTED] Premier Series Sponsor HOLLAND & HART THE LAW OUT WEST Series Sponsor We'd like to give a special thank you to Hal Heaton, BYU professor, for moderating the discussion, and to Holland & Hart for hosting the event. PARTICIPANTS: Back Row: JJ Johnson, Charles Schwab; John Holmgren, Ameriprise Financial; Wes Quinton, Holland & Hart; Matt Krull, J.P. Morgan; Allen McNeal, UBS; Steve Eyre, Key Private Bank; Scott Ulbrich, Robert W. Baird & Co. Front Row: David Young, Paragon Wealth Management; Chuck Newton, Advanced Financial Strategies; Hal Heaton, Brigham Young University; Lon Jefferies, Net Worth Advisory Group; Jeff Bland, Burrus Financial Services; Nick M. Bapis, Hightower Advisors With all the volatility in the market, some commodities exhibiting bubble-like behavior and negative real rates on bonds, what are you advising clients? What do you recommend now? JOHNSON: Panic and greed are not a good strategy, and we see it too often out there. It's more important than ever to have a long-term approach--just some of the basics of asset allocation, rebalancing the portfolio so that you get the benefit of automatically selling some asset classes when they are higher in relation to others and pur...