Russell Investments recently launched a new Web site to provide financial advisors with a resource library and online tool suite, and to stay ahead of the crisis.
“The market doesn’t care that most individuals have very long investment horizons. The consequence of collapsing markets and off-the-charts turbulence, with more bad news expected, threatens to collapse the perspective of not only individuals, but their financial advisors as well,” said Tim Noonan, managing director, Russell Private Client Services. “In addition to coping with their clients’ genuine sense of emergency, advisors find themselves experiencing the amplified effect of loss of value in their own businesses and personal portfolios.”
The site, www.russell.com/helping-advisors, is available free of charge to all financial professionals. It features the Economic Recovery Dashboard which displays “visual snapshots of current market conditions relative to their typical long-term ranges.”
The dashboard illustrates how various indicators have moved over the past three months, tracking leading indicators like credit risk, corporate debt, and market volatility, and lagging indicators such as mortgage delinquencies, employment growth, consumer spending and economic expansion. The dashboard is updated on the 15th of each month; users can sign up to receive updates in their inbox.