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5 Ways Advisors Can Help Worried Clients in 2021

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Investors are continuing to experience high levels of emotion and anxiety as 2020 comes to a close, with the pandemic expected to continue for at least a few more months, job losses continuing, and a new president coming in January with plans that stand to impact investors, according to advisory and other wealth management firm executives with expertise in behavioral finance.

Erin Wood, senior vice president of financial planning at Carson Group, and the other executives, took up these themes Wednesday, during the virtual roundtable “Uncertainty, Psychology and the Markets: How to Manage Expectations and Client Portfolios Heading into 2021,” moderated by Dana D’Auria, co-chief investment officer at Envestnet.

They provided five tips that advisors can use to help their worried clients stick to their financial plans: