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April 9, 2019

Clients are shaking-up portfolios in the face of market volatility

Ninety-five percent of advisers said that their clients are now keen in reallocating portfolios as market volatility remains on the top of their minds.

The findings are from Eaton Vance’s Spring 2019 Advisor Top-of-Mind Index (ATOMIX) survey, which polled 600 financial advisers from various firms.

The survey – conducted by a third party – found 88% of advisers said that the political landscape dominated investor talks. Three out of four advisers cited fear as the main motivator for their clients.

The figure marks a surge of 74% since last October.

Moreover, 61% of the advisers said that their clients had concentrated stock positions that when offloaded could result in capital gains taxes.

The study also found advisers continuing to prioritise tax efficiency despite investor fears.

Of those polled, 37% said they preferred municipal strategies while 32% picked tax-managed equity strategies.

Besides, 25% favoured tax-loss harvesting and 7% preferred high capital gains.

Eaton Vance managing director of sales John Moninger said: “While market volatility and politics can be distractions, leading advisers find time to help clients understand their personal tax situations and implement smart tax-management solutions for their portfolios.

“And the very best advisers approach tax management as a twelve-month-a-year proposition, not just an April or December activity.”

 

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