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March 31, 2020

Coronavirus and volatility top concerns of RIAs

RIAs in the US are most worried about volatility and coronavirus (Covid-19) while their trade woes are on the wane, finds a survey by E*TRADE Advisor Services.

E*TRADE’s recent Independent Advisor Tracking study polled 225 independent registered investment advisers.

Of those polled, 53% were concerned the most about volatility while 38% were worried about coronavirus. The figures are said to be in “stark comparison” to December.

Besides, recession and the ongoing trade tensions were the concerns of 28% and 21% of the respondents, respectively.

In this context, advisers see the most potential in the health care sector investments (22%).

This is a rise of six percentage points from last December.

The study also found 55% of the advisers managing against a recession, up eight percentage points from the end of last year.

Moreover, 85% of the advisers were found actively managing against volatility, up 20 percentage points.

The advisers believe that the top mistake clients make is looking to time the market.

E*TRADE Advisor Services managing director Gabriel Garcia said: “We are in unprecedented times, and with the length of the pandemic a big question mark, it’s undoubtedly a major driver of client anxiety.

“As client inquiries surge, filled with emotional decision-making and temptations to time the market, advisers are uniquely positioned to help them navigate through these turbulent waters. The first step is to acknowledge client concerns.”


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