Mohamed El-Erian is Allianz’s chief economic advisor, president-elect of Queens’ College at Cambridge University and author of “When Markets Collide.” He has over 290,000 Twitter followers and often appears on CNBC.
Maintain a high flow of information and deliver the key insights with the humility that the current uncertainty warrants:
At a time when all of us have been yanked out of our comfort zones in a sudden and violent fashion, it is only natural for many investors to feel unsettled and uncertain.
Advisors should respond by engaging their clients on a higher frequency basis with a view to helping them to better understand recent developments and to derive different scenarios for an inherently uncertain future.
By doing so, advisors will help both keep their clients informed and minimize the probability of big investing mistakes.