A majority of registered independent advisors (RIAs) say their clients are not cashing out their investments. Meanwhile, almost half of RIAs (41 percent) say they are boosting client communication, according to a TD Ameritrade survey released last week.
“Advisors we talk to say they are doubling and even tripling their client communications to educate and help ease apprehension about the market,” said Brian Stimpfl, managing director of advisor advocacy and industry affairs, TD Ameritrade Institutional, in a prepared statement. “The survey shows a majority of advisors remain steadfast and continue to follow their client’s investment plan, even in the midst of unprecedented market volatility.”
Forty-three percent of RIAs say they have made no changes to the amount of their clients’ assets allocated to stocks, and 31 percent have actually put more money back into the stock market.